Four Cash-Flowing Duplexes
1056 Loretta Avenue Columbus, OH 43211
For Sale
$169,997
Package includes four professionally managed duplexes totaling eight units, with one unit currently vacant for showings.
Property Size1,344 SF
Price / SF$126.49
Days on Market230
Property Features for 1056 Loretta 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: Dec 5, 2025
Changed: Jul 23
Last Checked: Jul 23 at 7:56AM
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 for-sale multifamily package includes four cash-flowing duplexes with a total of eight units. Current occupancy shows only one unit is vacant, intentionally left available for showings prior to contract acceptance, and it is intended to serve as an accurate representation of the other units. All units feature the same layout, and the properties are being sold as-is.
The duplex addresses included in this offering are 1040-1042 Loretta Ave, 1045-1047 Loretta Ave, 1051-1053 Republic Ave, and 1056-1058 Loretta Ave. The owner also manages one additional duplex on Loretta that is not currently listed, and may be considered for sale separately at the right price, creating the potential to acquire a package of five properties. Rent roll is available in the attached documents, and current management is willing to stay in place for a seamless transition.
Tenants pay all utilities. Water is separately sub-metered, and trash service is through the City of Columbus. All tenants are current on rent, and annual property taxes range from $1,573.54 to $1,803.86 per year across the properties.
The duplex addresses included in this offering are 1040-1042 Loretta Ave, 1045-1047 Loretta Ave, 1051-1053 Republic Ave, and 1056-1058 Loretta Ave. The owner also manages one additional duplex on Loretta that is not currently listed, and may be considered for sale separately at the right price, creating the potential to acquire a package of five properties. Rent roll is available in the attached documents, and current management is willing to stay in place for a seamless transition.
Tenants pay all utilities. Water is separately sub-metered, and trash service is through the City of Columbus. All tenants are current on rent, and annual property taxes range from $1,573.54 to $1,803.86 per year across the properties.
Key Highlights
- Package of four cash‑flowing duplexes totaling 8 units in Columbus, OH (addresses: 1040‑1042 Loretta Ave, 1045‑1047 Loretta Ave, 1051‑1053 Republic Ave, 1056‑1058 Loretta Ave).
- Only 1 of 8 units is currently vacant and available for showings prior to contract acceptance.
- Tenants pay all utilities; water is separately sub‑metered and trash service is through the City of Columbus.
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
FAQs
What type of property is this?
Duplex - Package includes four professionally managed duplexes totaling eight units, with one unit currently vacant for showings.
Where is this duplex located?
The property is located at 1056 Loretta 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: Package of four cash‑flowing duplexes totaling 8 units in Columbus, OH (addresses: 1040‑1042 Loretta Ave, 1045‑1047 Loretta Ave, 1051‑1053 Republic Ave, 1056‑1058 Loretta Ave).; Only 1 of 8 units is currently vacant and available for showings prior to contract acceptance.; Tenants pay all utilities; water is separately sub‑metered and trash service is through the City of Columbus.
