Turnkey Duplex Investment
443 S Wayne Avenue Columbus, OH 43204
443 S Wayne Avenue, Columbus, OH, 43204
$284,500
For Sale
$284,500
MULTI_FAMILY - Columbus, OH
Property Size2,240 SF
Lot Size0.18 Acres
Price / SF$127.01
Days on Market57
Property Features for 443 S Wayne Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 4
- Parking
- 4
- Standard status
- Active
- APN
- 010-015890
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2285
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 1923
- Number of units
- 2
Listing Agency
e-Merge Real Estate
(614) 678-5505
12910 Stonecreek Dr., Pickerington, OH
Listed by
Tonda Brown · License #279097
(614) 580-8500
Added: May 21 Checked: Jul 16 at 5:06 pm
MLS# 226018121
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.
Investment Insights
Based on property information with market context.
This is a turnkey duplex investment opportunity located in Columbus, OH 43204. Constructed in 1923, the property features a classic layout. The building contains two identical units, each offering 2 bedrooms and 1 full bath. The total area of the property is 2,240 square feet, situated on a lot of 0.18 acres. Both units are fully occupied and generate a total monthly income of $3,200. Each unit is rented for $1,600 per month. The income is secured by government housing assistance programs, providing a reliable revenue stream. The property's established tenancy and operational history make it suitable for investors looking to scale their portfolio. Active income begins immediately upon closing.
Key Highlights
- Duplex with 2 identical units, each featuring 2 bedrooms and 1 full bath
- 2,240 total SF; both sides are currently rented at $1,600/month each
- Rents reported as supported by government housing assistance programs
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $13.08 |
| − Vacancy | −$2.1k | −$0.92 |
| EGI | $27.2k | $12.16 |
| − OpEx | −$8.2k | −$3.65 |
| NOI | $19.1k | $8.52 |
2,240 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.5K
$238.4K – $317.9K
NOI $19,074 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$219.2K
$191.8K – $255.7K
NOI $15,344 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$466.8K
$408.5K – $544.6K
NOI $32,678 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex in Columbus, OH with immediate cash flow.
Where is this duplex located?
The property is located at 443 S Wayne Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $284,500.
What are key features of this property?
This property features: Duplex with 2 identical units, each featuring 2 bedrooms and 1 full bath; 2,240 total SF; both sides are currently rented at $1,600/month each; Rents reported as supported by government housing assistance programs
