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    Value-Add Duplex with Expansion Potential Title is generated by Realmo AI

    1707 E Main Street, Columbus, OH 43205

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    For Sale
    $239,999

    MULTI_FAMILY - Columbus, OH

    Lot size:
    0.12 Acres
    Added:
    Feb 15, 2026
    Days on Market:
    111
    Last Refresh:
    Jun 6 at 5:06 pm

    Property Features for 1707 E Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    010-040657
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1498

    Utilities

    Water source
    Public

    Building Details

    Year built
    1915
    Number of units
    2

    We can help!

    Listing Contact
    Neysa J Matthews

    Listing agent Neysa J Matthews License #2023001131

    Listing office Key Realty 6877 N High Street Suite 302, Columbus, OH

    Listing date Feb 15, 2026

    MLS# 226004321 Listing URL

    Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High income potential: Projected rental income of $1,800-$2,200 per unit per month.
    • Significant expansion potential: Approximately 1,000 sq ft of unfinished third‑level space per unit.
    • Value‑add opportunity: Allows for customization and increased property value upon completion.
    • Recent exterior improvements: Includes tuck‑pointed and painted brick, new roof, and updated windows.
    • Large, fenced backyard: Offers space for garages or other amenities.
    • Spacious units: Each unit features 4 bedrooms, 3 full bathrooms, kitchen, family room, dining room, and a full basement across three levels.

    Overview

    This value-add duplex offers two residential units in a brick exterior with a recently refreshed exterior package. The property has tuck-pointing and exterior painting, a black dimensional roof, updated interior windows, and glass block bathroom windows. Each unit includes front and rear decks and a layout with three levels plus a full basement, with 4 bedrooms, 3 full bathrooms, a kitchen, family room, and dining room per unit. There is also approximately 1,000 square feet on the third level that is not reflected in auditor records, creating meaningful expansion potential. Interior framing has been installed throughout and a majority of the electrical has been completed, which may reduce the amount of remaining work to bring the property to full finish. Plumbing materials onsite convey with the purchase, and the property is being sold As Is.

    Located on East Main Street in Columbus, the property sits next to a well-established, active church, which can provide neighborhood stability. The lot includes a large fenced-in backyard with ample space to add one or two garages, helping support future tenant convenience and property utility.

    This configuration is well-suited for investors seeking long-term rental income with room for improvement. Once completed, the seller projects each unit could rent for approximately $1,800 to $2,200 per month, making the property attractive for buyers who want to complete the remaining work and capitalize on the existing space and exterior updates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.953563
    Latitude
    39.957227

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    FAQs

    What type of property is this?
    Duplex - Brick duplex with updated exteriors, rear and front decks, and significant completion and income upside, sold as-is.
    Where is this duplex located?
    The property is located at 1707 E Main Street Columbus, OH.
    What is the asking price?
    The asking price for this property is $239,999.
    What are key features of this property?
    This property features: High income potential: Projected rental income of $1,800-$2,200 per unit per month.; Significant expansion potential: Approximately 1,000 sq ft of unfinished third‑level space per unit.; Value‑add opportunity: Allows for customization and increased property value upon completion.
    (310) 765-0731
    We can help!
    Listing Contact
    Neysa J Matthews
    Real Estate License ID: 2023001131
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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