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294 Wyandotte Ave - 292-294 Wyandotte Avenue 2 Unit Apartment Building Offered at $510,191 CAD at a 3.79% Cap Rate Columbus, OH 43202
Executive Summary
292-294 Wyandotte Avenue - University District Duplex Outstanding opportunity in the northern University District just a few blocks north of Lane Avenue. This well-maintained two-unit building is ideal for an owner-occupant looking to offset their mortgage with rental income, your classic modern-day house hack, and a good one. The 294 side is vacant and move-in ready, featuring a living room, dining area, kitchen with eating space, two bedrooms and a full bath on the second floor, plus a walk-up third floor that can serve as a third bedroom, office, or flex space. Full basement included. The 292 side is leased at $1,400/month through January 31, 2027, providing immediate, stable income. Both units offer similar layouts with living room, dining area, kitchen, full basement, two bedrooms on the second floor, and additional finished space on the third floor. Recent updates include a BRAND NEW ROOF (2026), remodeled bathrooms, and exterior painting, giving buyers confidence in the big-ticket items. Residents pay for gas, electric, and water. This is a prime opportunity for an owner-occupant or investor to secure a solid property in a high-demand rental location near OSU, public transportation, and area amenities. Don't wait! Properties like this in the University District move quickly.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $510,191 CAD | Lot Size | 0.10 AC |
| Price Per Unit | $255,096 CAD | Building Size | 2,509 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 3.79% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1915 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Zoning | R- 2F | ||
| Price | $510,191 CAD |
| Price Per Unit | $255,096 CAD |
| Sale Type | Investment |
| Cap Rate | 3.79% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.10 AC |
| Building Size | 2,509 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1915 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | R- 2F |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $1,905 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 010-013131 | Total Assessment | $200,631 CAD |
| Land Assessment | $44,869 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $155,762 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
010-013131
Land Assessment
$44,869 CAD
Improvements Assessment
$155,762 CAD
Total Assessment
$200,631 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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294 Wyandotte Ave - 292-294 Wyandotte Avenue
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