Well-Maintained Duplex with Side
1024 South Kellner Road Columbus, OH 43209
For Sale
$179,900
Pending
Two 2-bedroom, 1-bath units with hardwood floors, off-street parking, and a large corner lot.
Property Size1,716 SF
Days on Market60
Property Features for 1024 South Kellner Road
General Information
Standard status
Pending
Size
1,716 SF
Property subtype
Multi-Family / Duplex
Building Details
Year Built
1953
Listing Agency:
Trelora Realty, Inc
(410) 793-1112
Listed By:
Matthew Tyler Kalogeras · License #2024005270
(410) 793-1112
Source:
Compass
Added: May 31
Changed: Jul 10
Last Checked: Jul 28 at 1:09PM
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 Trelora Realty, Inc
Investment Insights
Based on property information with market context.
This for-sale duplex offers two spacious 2-bedroom, 1-bath units with hardwood floors and plenty of natural light. The property is described as well-maintained and includes a large, oversized corner lot with a massive side yard, along with off-street parking for residents.
The home is located in the Eastmoor area and positioned for convenience to E Main Street shopping, dining, and public transit, with easy access to nearby services and routes.
For investors or owner-occupants, the duplex layout provides an opportunity to own a turnkey residential income property with two separate units. The combination of functional unit configuration, on-site parking, and outdoor space can support a variety of rental or live-in strategies while keeping day-to-day manageability in mind.
The home is located in the Eastmoor area and positioned for convenience to E Main Street shopping, dining, and public transit, with easy access to nearby services and routes.
For investors or owner-occupants, the duplex layout provides an opportunity to own a turnkey residential income property with two separate units. The combination of functional unit configuration, on-site parking, and outdoor space can support a variety of rental or live-in strategies while keeping day-to-day manageability in mind.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- Each unit features hardwood floors and central air (plus window AC units) and forced‑air gas heat
- Large oversized corner lot with a massive side yard
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 | $22.4k | $13.08 |
| − Vacancy | −$1.6k | −$0.92 |
| EGI | $20.9k | $12.16 |
| − OpEx | −$6.3k | −$3.65 |
| NOI | $14.6k | $8.52 |
1,716 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$208.7K
$182.7K – $243.5K
NOI $14,612 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$167.9K
$146.9K – $195.9K
NOI $11,754 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$357.6K
$312.9K – $417.2K
NOI $25,034 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with hardwood floors, off-street parking, and a large corner lot.
Where is this duplex located?
The property is located at 1024 South Kellner Road Columbus, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; Each unit features hardwood floors and central air (plus window AC units) and forced‑air gas heat; Large oversized corner lot with a massive side yard
