Ranch Duplex with Private
For Sale
$262,000
Pending
861 Derrer Road, Columbus, OH 43204
West-side Columbus duplex includes two units with central air, off-street parking, private backyards, and storage sheds.
Property Size1,667 SF
Days on Market158
Property Features for 861 Derrer Road
General Information
Standard status
Pending
Size
1,667 SF
Property subtype
Multi-Family / Duplex
Occupancy
100%
Net Operating Income
$15,785
Additional Details
Outdoor Storage
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,105
Amenities
central air
off street parking
private backyard
storage sheds
Central Air
Forced Air
Electric
Yes
Building Details
Year Built
1954
Construction
ranch
Listing Agency:
Sell For One Percent
Listed By:
David E Barlow · License #2005001037
(614) 778-6616
Source:
Compass
Added: Apr 3
Changed: Aug 25
Last Checked: Aug 24 at 12:19PM
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 Sell For One Percent
Investment Insights
Based on property information with market context.
This ranch-style duplex is fully occupied and features two separate residential units. Both units include central air, spacious living rooms, and functional layouts. The 2-bedroom unit has been fully remodeled with fresh flooring, an updated kitchen with new cabinets and appliances, and a modern bath. The 3-bedroom unit has a long-term tenant and includes select window updates already in place.
Outside, the property offers off-street parking, private backyards, and storage sheds for added day-to-day convenience. Tenants cover all utilities, including water, sewer, and trash.
The duplex is set up for straightforward management with month-to-month terms referenced for the 2-bedroom unit and long-term occupancy referenced for the 3-bedroom unit.
Outside, the property offers off-street parking, private backyards, and storage sheds for added day-to-day convenience. Tenants cover all utilities, including water, sewer, and trash.
The duplex is set up for straightforward management with month-to-month terms referenced for the 2-bedroom unit and long-term occupancy referenced for the 3-bedroom unit.
Key Highlights
- Ranch‑style duplex built in 1954 with two units on the west side of Columbus
- Fully occupied with month‑to‑month terms: 2BR rents at $900 and 3BR rents at $1,150
- 2BR unit has been fully remodeled with fresh flooring, updated kitchen (new cabinets and appliances), and a modern bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,195
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.42%
Second Best
Apartment 5plus
$163.1K
$142.7K – $190.3K
NOI $11,419 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$347.4K
$304.0K – $405.3K
NOI $24,319 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
411
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - West-side Columbus duplex includes two units with central air, off-street parking, private backyards, and storage sheds.
Where is this duplex located?
The property is located at 861 Derrer Road Columbus, OH.
What is the asking price?
The asking price for this property is $262,000.
What are key features of this property?
This property features: Ranch‑style duplex built in 1954 with two units on the west side of Columbus; Fully occupied with month‑to‑month terms: 2BR rents at $900 and 3BR rents at $1,150; 2BR unit has been fully remodeled with fresh flooring, updated kitchen (new cabinets and appliances), and a modern bath
