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Two-Unit Duplex with Basements
New
For Sale
$219,900

711713 711-713 S Terrace Ave, Columbus, OH 43204

Both residences have hardwood flooring and separate basement space.

Property SizeContact for details
Days on Market2

Property Features for 711713 711-713 S Terrace Ave

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Financials

Gross Income $26,400
Average Monthly Rent $1,100

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Additional Details

Public Transit Yes

Building Details

Year Built 1928
Listing Agency: Reafco
Listed By: Marc A Rice · License #658030031
Source: Thetomlinson
Added: Sep 26 Last Checked: Sep 26 at 3:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reafco

Investment Insights

Based on property information with market context.

This duplex, built in 1928, contains two 3-bedroom, 1-bathroom residences. Each unit includes its own basement, and hardwood floors are present on both sides. The property is tenant occupied, with both units currently rented; professional property management is in place.

The building is near a bus line and sits just north of Mound Street, with access to Downtown Columbus, major roadways, shopping, and employment centers. One tenant has occupied a unit for more than five years.

Key Highlights

  • Two 3‑bedroom, 1‑bathroom units
  • Separate basement for each residence
  • Hardwood floors in both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

307
Businesses Nearby

Demographics for 43204, OH

42,315
Population
19,286
Households
2.2
Avg Household Size
35
Median Age
25%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
4,502
Density / Sq Mi
$59,158
Median Household Income
$38,610
Median Earnings
$1,206
Median Rent
$170,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences have hardwood flooring and separate basement space.
Where is this duplex located?
The property is located at 711713 711-713 S Terrace Ave Columbus, OH.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bathroom units; Separate basement for each residence; Hardwood floors in both units
More about this property
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