Half-Double Duplex
816 Wager Street Columbus, OH 43206
816 Wager Street, Columbus, OH, 43206
$395,000
For Sale
$395,000
Well-maintained half-double with two 3-bedroom units, one occupied and one vacant, plus a fenced yard and 4-car parking.
Property Size2,408 SF
Price / SF$164.04
Days on Market59
Property Features for 816 Wager Street
General Information
- Standard status
- Active
- Size
- 2,408 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1926
Listing agency
RZ Realty Residential
(380) 206-8173
Listed by
Adrian Birchler · License #2019003482
(380) 206-8173
Source
Compass
Added: May 25 Updated: Jul 22 at 5:19AM Checked: Jul 22 at 5:19AM
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 RZ Realty Residential
Investment Insights
Based on property information with market context.
This well-maintained half-double duplex offers two separate units, each with three bedrooms and one bathroom. Unit 818 is currently occupied, while Unit 816 is vacant and move-in ready. Both units feature a spacious kitchen with stainless steel appliances and a gas range, along with an open-concept living area that flows into the dining space. The floorplans include bedrooms sized for flexible use, including a smaller third bedroom that can serve as a home office.
The property includes a walk-up attic for additional storage and a large, waterproofed basement with a washer and dryer. Mechanical systems include forced air AC, a gas furnace, and a gas water heater.
Outside, the home offers curb appeal with a newly replaced front retaining wall and a classic front porch. The fenced rear yard features a modern horizontal design with a barn door, a rear stoop, and a rare 4-car off-street parking area.
The property includes a walk-up attic for additional storage and a large, waterproofed basement with a washer and dryer. Mechanical systems include forced air AC, a gas furnace, and a gas water heater.
Outside, the home offers curb appeal with a newly replaced front retaining wall and a classic front porch. The fenced rear yard features a modern horizontal design with a barn door, a rear stoop, and a rare 4-car off-street parking area.
Key Highlights
- Half‑double with two units: Unit 818 occupied and Unit 816 vacant and move‑in ready
- Each unit has 3 bedrooms and 1 bathroom; Unit 818 has long‑term tenants paying $1,550 per month
- Central Air with forced‑air gas heat; gas furnace and gas water heater
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.5k | $13.08 |
| − Vacancy | −$2.2k | −$0.92 |
| EGI | $29.3k | $12.16 |
| − OpEx | −$8.8k | −$3.65 |
| NOI | $20.5k | $8.52 |
2,408 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.9K
$256.3K – $341.7K
NOI $20,504 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$235.6K
$206.2K – $274.9K
NOI $16,494 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$501.8K
$439.1K – $585.5K
NOI $35,129 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained half-double with two 3-bedroom units, one occupied and one vacant, plus a fenced yard and 4-car parking.
Where is this duplex located?
The property is located at 816 Wager Street Columbus, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Half‑double with two units: Unit 818 occupied and Unit 816 vacant and move‑in ready; Each unit has 3 bedrooms and 1 bathroom; Unit 818 has long‑term tenants paying $1,550 per month; Central Air with forced‑air gas heat; gas furnace and gas water heater
