Move-In Ready
1051-1053 Republic Avenue Columbus, OH 43211
1051-1053 Republic Avenue, Columbus, OH, 43211
$169,997
For Sale
$169,997
Duplex with one occupied unit and one vacant unit featuring washer/dryer hookups and already updated finishes.
Property Size1,344 SF
Price / SF$126.49
Days on Market293
Property Features for 1051-1053 Republic Avenue
General Information
- Standard status
- Active
- Size
- 1,344 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1950
Listing agency
Cap Rate Realty
(614) 506-3086
Listed by
Tristam Griffith · License #2017001343
(614) 506-3086
Source
Compass
Added: Oct 4, 2025 Updated: Jul 23 at 12:43AM Checked: Jul 23 at 12:43AM
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 Cap Rate Realty
Investment Insights
Based on property information with market context.
This duplex includes two units, with one side currently rented and the other side vacant and ready for a new occupant or tenant. The property is described as being already sub-metered for water, and it also features washer and dryer hookups.
The vacant unit has newer cabinets, flooring, paint, and appliances, according to the provided remarks. A long-term tenant is noted in the 1053 unit since 2021. The listing is sold as-is.
The opportunity can be evaluated by viewing the vacant side, as noted in the remarks.
The vacant unit has newer cabinets, flooring, paint, and appliances, according to the provided remarks. A long-term tenant is noted in the 1053 unit since 2021. The listing is sold as-is.
The opportunity can be evaluated by viewing the vacant side, as noted in the remarks.
Key Highlights
- Duplex with one occupied unit and one vacant unit, sold as‑is
- Occupied unit rents for $825 and includes all utilities; long‑term tenant in 1053 since 2021
- Vacant unit is ready to move into or rent out, with updated cabinets, flooring, paint, and appliances
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 | $17.6k | $13.08 |
| − Vacancy | −$1.2k | −$0.92 |
| EGI | $16.3k | $12.16 |
| − OpEx | −$4.9k | −$3.65 |
| NOI | $11.4k | $8.52 |
1,344 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$163.5K
$143.1K – $190.7K
NOI $11,444 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$131.5K
$115.1K – $153.4K
NOI $9,206 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$280.1K
$245.1K – $326.8K
NOI $19,607 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with one occupied unit and one vacant unit featuring washer/dryer hookups and already updated finishes.
Where is this duplex located?
The property is located at 1051-1053 Republic Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $169,997.
What are key features of this property?
This property features: Duplex with one occupied unit and one vacant unit, sold as‑is; Occupied unit rents for $825 and includes all utilities; long‑term tenant in 1053 since 2021; Vacant unit is ready to move into or rent out, with updated cabinets, flooring, paint, and appliances
