Two-Unit
New
For Sale
$190,000
712 Derrer Rd, Columbus, OH 43204
The property combines a two-bedroom unit and a three-bedroom unit, both currently occupied by tenants.
Property Size1,608 SF
Price / SF$118.16
Days on Market2
Property Features for 712 Derrer Rd
General Information
Standard status
Active
Size
1,608 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1953
Listing Agency:
Leanne Henry, Howard Hannarealestateservices
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Oct 7
Last Checked: Oct 7 at 10:52AM
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 Leanne Henry, Howard Hannarealestateservices
Investment Insights
Based on property information with market context.
This duplex contains two separate residential units with a combined area of 1,608 square feet. One unit has two bedrooms and one bathroom; the other offers three bedrooms and one bathroom. The building was constructed in 1953.
Both units are currently rented, providing existing occupancy across the property.
Both units are currently rented, providing existing occupancy across the property.
Key Highlights
- Two‑unit duplex totaling 1,608 square feet
- One unit has 2 bedrooms and 1 bathroom
- Second unit has 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,692
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,840
$273.8K
Cap Rate 7%
$195,600
$195.6K
Cap Rate 9%
$152,133
$152.1K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$21.0K $13.08/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$19.6K $12.16/SF
− OpEx
−$5.9K −$3.65/SF
NOI
$13.7K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,840
Cap Rate 7%
$195,600
Cap Rate 9%
$152,133
Alternative Uses
Best Use
Multifamily LT 5
$195.6K
$171.2K – $228.2K
NOI $13,692 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$157.3K
$137.7K – $183.6K
NOI $11,014 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$335.1K
$293.2K – $391.0K
NOI $23,458 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - The property combines a two-bedroom unit and a three-bedroom unit, both currently occupied by tenants.
Where is this duplex located?
The property is located at 712 Derrer Rd Columbus, OH.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,608 square feet; One unit has 2 bedrooms and 1 bathroom; Second unit has 3 bedrooms and 1 bathroom
