Duplex with Full
For Sale
$229,900
88-90 N Waverly St, Columbus, OH 43213
Two residential units offer flexible occupancy, basement laundry hookups, and a fenced backyard.
Property Size1,568 SF
Price / SF$146.62
Days on Market48
Property Features for 88-90 N Waverly St
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3bd/1ba, 1 x 2bd/1ba
Multifamily Units
2
Amenities
washer/dryer hookups
fenced backyard
Building Details
Year Built
1952
Buildings
1
Tenancy
Single
Listing Agency:
Branen Weade, Weade Realtors & Auctioneers
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 16 at 8:54AM
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 Branen Weade, Weade Realtors & Auctioneers
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Investment Insights
Based on property information with market context.
This 1952-built duplex contains one three-bedroom, one-bath unit and one two-bedroom, one-bath unit. Both residences include full basements with washer and dryer hookups. One unit is leased, while the other is vacant and can accommodate a new tenant or an owner occupant.
The property features aluminum siding in good condition and a roof approximately five years old. A large fenced backyard provides outdoor space and room identified for adding rear parking. Located at 88-90 N Waverly Street in Columbus, the property offers a two-unit residential configuration with separate living areas and basement utility space.
The property features aluminum siding in good condition and a roof approximately five years old. A large fenced backyard provides outdoor space and room identified for adding rear parking. Located at 88-90 N Waverly Street in Columbus, the property offers a two-unit residential configuration with separate living areas and basement utility space.
Key Highlights
- Two‑unit layout with one 3bd/1ba residence and one 2bd/1ba residence
- Full basements in both units with washer and dryer hookups
- One unit leased; the other is vacant for a new tenant or owner occupant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,352
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,040
$267.0K
Cap Rate 7%
$190,743
$190.7K
Cap Rate 9%
$148,356
$148.4K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$20.5K $13.08/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$19.1K $12.16/SF
− OpEx
−$5.7K −$3.65/SF
NOI
$13.4K $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%
$267,040
Cap Rate 7%
$190,743
Cap Rate 9%
$148,356
Alternative Uses
Best Use
Multifamily LT 5
$190.7K
$166.9K – $222.5K
NOI $13,352 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$153.4K
$134.3K – $179.0K
NOI $10,741 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$326.8K
$285.9K – $381.3K
NOI $22,875 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 43213, OH
35,105
Population
17,069
Households
2.1
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
3,408
Density / Sq Mi
$53,908
Median Household Income
$37,753
Median Earnings
$1,107
Median Rent
$197,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible occupancy, basement laundry hookups, and a fenced backyard.
Where is this duplex located?
The property is located at 88-90 N Waverly St Columbus, OH.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑unit layout with one 3bd/1ba residence and one 2bd/1ba residence; Full basements in both units with washer and dryer hookups; One unit leased; the other is vacant for a new tenant or owner occupant
