Two-Unit Duplex with Fenced
New
For Sale
$199,900
798 - 800 Derrer Rd, Columbus, OH 43204
Central air serves both residences, with fenced outdoor areas and parking on site.
Property Size1,667 SF
Price / SF$119.92
Days on Market2
Property Features for 798 - 800 Derrer Rd
General Information
Standard status
Active
Size
1,667 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
central air
fenced yards
stove
refrigerator
dishwasher
Building Details
Year Built
1953
Listing Agency:
Lori Fulk, Real Estate Ii Inc
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 9:32PM
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 Lori Fulk, Real Estate Ii Inc
Investment Insights
Based on property information with market context.
This 1,667-square-foot duplex, built in 1953, has one three-bedroom residence and one two-bedroom residence. Both are occupied and sit on a slab foundation. Central air serves each side, and fenced yards and parking are provided. A stove, refrigerator, and dishwasher are included in each residence.
Improvements include a roof and porch installed in 2020 and windows replaced on both sides in 2023. The 798 side received a furnace in 2025; the 800 side has a water tank installed in 2026. The property is in Franklin Township, outside the city of Columbus, and is served by South Western School District.
Improvements include a roof and porch installed in 2020 and windows replaced on both sides in 2023. The 798 side received a furnace in 2025; the 800 side has a water tank installed in 2026. The property is in Franklin Township, outside the city of Columbus, and is served by South Western School District.
Key Highlights
- Two occupied residences: one with 3 bedrooms and one with 2 bedrooms
- 1,667 square feet; built in 1953 on a slab foundation
- Roof and porch updated in 2020; windows replaced on both sides in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,195
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,900
$283.9K
Cap Rate 7%
$202,786
$202.8K
Cap Rate 9%
$157,722
$157.7K
Market Conditions
NOI Build-Up for 1,667 SF
Gross rent
$21.8K $13.08/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$20.3K $12.16/SF
− OpEx
−$6.1K −$3.65/SF
NOI
$14.2K $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%
$283,900
Cap Rate 7%
$202,786
Cap Rate 9%
$157,722
Alternative Uses
Best Use
Multifamily LT 5
$202.8K
$177.4K – $236.6K
NOI $14,195 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$163.1K
$142.7K – $190.3K
NOI $11,419 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$347.4K
$304.0K – $405.3K
NOI $24,319 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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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 - Central air serves both residences, with fenced outdoor areas and parking on site.
Where is this duplex located?
The property is located at 798 - 800 Derrer Rd Columbus, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two occupied residences: one with 3 bedrooms and one with 2 bedrooms; 1,667 square feet; built in 1953 on a slab foundation; Roof and porch updated in 2020; windows replaced on both sides in 2023
