Updated Duplex with Two
For Sale
$344,900
906 Ellsworth Ave Unit 908, Columbus, OH 43206
Two three-bedroom residences offer one full bathroom each, with one unit vacant for immediate occupancy flexibility.
Property Size2,308 SF
Price / SF$149.44
Days on Market52
Property Features for 906 Ellsworth Ave Unit 908
General Information
Standard status
Active
Size
2,308 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Side
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
RE/MAX Connection
Listed By:
Lory Kim · License #2023001372
(614) 570-1352
Source:
Thetomlinson
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 28 at 2:37PM
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 RE/MAX Connection
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2308 square feet, with each residence arranged as three bedrooms and one full bathroom. One unit is leased through September 14th, while the other is vacant, allowing the next owner to retain the existing tenancy or establish a new occupancy plan. The property’s layout also supports owner occupancy in one residence alongside a separate rental unit.
Improvements include replacement windows completed in 2021, new furnaces and air-conditioning systems from 2021, and hot water tanks installed around 2020-2021. Electrical and plumbing updates were completed in 2020, with additional cosmetic work carried out between 2020-2024. The duplex is located on Ellsworth Ave in Columbus, minutes from Downtown Columbus, major highways, shopping, dining, and entertainment.
Improvements include replacement windows completed in 2021, new furnaces and air-conditioning systems from 2021, and hot water tanks installed around 2020-2021. Electrical and plumbing updates were completed in 2020, with additional cosmetic work carried out between 2020-2024. The duplex is located on Ellsworth Ave in Columbus, minutes from Downtown Columbus, major highways, shopping, dining, and entertainment.
Key Highlights
- Two‑unit duplex with 2308 square feet of building area
- Each unit includes 3 bedrooms and 1 full bathroom
- Unit 906 is leased through September 14th; Unit 908 is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,653
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,060
$393.1K
Cap Rate 7%
$280,757
$280.8K
Cap Rate 9%
$218,367
$218.4K
Market Conditions
NOI Build-Up for 2,308 SF
Gross rent
$30.2K $13.08/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$28.1K $12.16/SF
− OpEx
−$8.4K −$3.65/SF
NOI
$19.7K $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%
$393,060
Cap Rate 7%
$280,757
Cap Rate 9%
$218,367
Alternative Uses
Best Use
Multifamily LT 5
$280.8K
$245.7K – $327.6K
NOI $19,653 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$225.8K
$197.6K – $263.5K
NOI $15,809 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$481.0K
$420.9K – $561.2K
NOI $33,670 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
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Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer one full bathroom each, with one unit vacant for immediate occupancy flexibility.
Where is this duplex located?
The property is located at 906 Ellsworth Ave Unit 908 Columbus, OH.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Two‑unit duplex with 2308 square feet of building area; Each unit includes 3 bedrooms and 1 full bathroom; Unit 906 is leased through September 14th; Unit 908 is vacant
