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Renovated Duplex Near Downtown Columbus

1001-1003 Linwood Avenue Columbus, OH 43206

1001-1003 Linwood Avenue, Columbus, OH, 43206
$450,000
For Sale
Claim this Listing
$450,000

Turnkey duplex with strong rental demand and convenient downtown access.

Property Size3,990 SF
Price / SF$112.78
AddedMay 18
Days on Market60
Last RefreshJul 15 at 11:31 am

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 office Reafco

Listing date May 18, 2026

Source Compass

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 (±1% cap)
NOI $33,975 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$390.4K
$341.6K – $455.5K (±1% cap)
NOI $27,331 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$831.5K
$727.6K – $970.1K (±1% cap)
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

Suggested Use

Law Firm Real Estate Agency Big Box & Wholesale Store Building Supply Bakery (Bike/Boat/Book/etc) Store Computer & Electronic Repair Pharmacy (Bike/Boat/Book/etc) Store Acupuncture

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

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.
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