Renovated Duplex Near Downtown
1001-1003 Linwood Avenue Columbus, OH 43206
1001-1003 Linwood Avenue, Columbus, OH, 43206
$450,000
For Sale
$450,000
Turnkey duplex with strong rental demand and convenient downtown access.
Property Size3,990 SF
Price / SF$112.78
Days on Market65
Property Features for 1001-1003 Linwood Avenue
General Information
- Standard status
- Active
- Size
- 3,990 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1918
Listing Agency
Reafco
(614) 963-3340
Listed by
Brandon Goldsmith · License #2020000644
(614) 963-3340
Source
Compass
Added: May 18 Updated: Jul 10 at 1:42 pm Checked: Jul 19 at 4:56 am
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 Reafco
Investment Insights
Based on property information with market context.
This fully renovated side-by-side duplex, totaling almost 4,000 square feet, features two spacious units, each with 4 bedrooms and 2.5 bathrooms. Situated in an improving South Columbus market near downtown, the property benefits from strong rental demand, ongoing redevelopment, and rising property values. Its location provides convenient access to major employers, hospitals, highways, and downtown amenities. Major updates in 2026 include new furnaces, central A/C units, hot water tanks, updated Romex wiring with new electrical panels, and updated PEX plumbing. Interior improvements feature new kitchen cabinets, quartz countertops, backsplash, updated bathrooms and tile, LVP flooring throughout, fresh paint, updated lighting and hardware, and new interior/exterior doors. Exterior upgrades include repainted and glazed brick, a new garage door track, and a new deck on the 1003 side. All new appliances are included. This turnkey asset presents an ideal opportunity for investors or owner-occupants.
Key Highlights
- Fully renovated duplex totaling almost 4,000 SF with two spacious 4 bed / 2.5 bath units.
- Turnkey asset in an improving South Columbus market near downtown.
- Major 2026 updates include new furnaces, central A/C units, hot water tanks, updated Romex wiring with new electrical panels, and updated PEX plumbing.
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 | $52.2k | $13.08 |
| − Vacancy | −$3.7k | −$0.92 |
| EGI | $48.5k | $12.16 |
| − OpEx | −$14.6k | −$3.65 |
| NOI | $34.0k | $8.52 |
3,990 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$485.4K
$424.7K – $566.3K
NOI $33,975 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$390.4K
$341.6K – $455.5K
NOI $27,331 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$831.5K
$727.6K – $970.1K
NOI $58,208 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex with strong rental demand and convenient downtown access.
Where is this duplex located?
The property is located at 1001-1003 Linwood Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully renovated duplex totaling almost 4,000 SF with two spacious 4 bed / 2.5 bath units.; Turnkey asset in an improving South Columbus market near downtown.; Major 2026 updates include new furnaces, central A/C units, hot water tanks, updated Romex wiring with new electrical panels, and updated PEX plumbing.
