Side-by-Side Duplex
1064-1066 East Rich Street Columbus, OH 43205
1064-1066 East Rich Street, Columbus, OH, 43205
$339,000
Pending
For Sale
$339,000
Pending
Turnkey side-by-side duplex with freshly updated, vacant units, private covered entrances, patios, full kitchens, and basements.
Property Size1,872 SF
Days on Market36
Property Features for 1064-1066 East Rich Street
General Information
- Standard status
- Pending
- Size
- 1,872 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1909
Listing agency
List
(614) 581-5655
Listed by
Nicholas J DeWitt · License #2023006543
(614) 581-5655
Source
Compass
Added: Jun 17 Updated: Jul 22 at 2:58AM Checked: Jul 22 at 2:58AM
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 List
Investment Insights
Based on property information with market context.
This turnkey side-by-side duplex offers two vacant units with freshly updated interiors. Each unit features a private covered entrance, a back patio area, and a full kitchen with an open-concept layout on the first floor. Upstairs, both units include two good-sized bedrooms and a full bathroom. Each unit also includes a full basement, providing additional storage space and flexible room for future use.
Located in Olde Town East, the property is described as being just minutes from Downtown Columbus, Nationwide Children’s Hospital, and Franklin Park.
With both units available, the property presents a straightforward setup for an owner-occupant or an investor looking to acquire a duplex with immediate occupancy readiness.
Located in Olde Town East, the property is described as being just minutes from Downtown Columbus, Nationwide Children’s Hospital, and Franklin Park.
With both units available, the property presents a straightforward setup for an owner-occupant or an investor looking to acquire a duplex with immediate occupancy readiness.
Key Highlights
- 1909‑built side‑by‑side duplex with 2 total units, both currently vacant
- Freshly updated units with private covered entrances
- Each unit includes a full kitchen and an open‑concept 1st‑floor layout
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 | $24.5k | $13.08 |
| − Vacancy | −$1.7k | −$0.92 |
| EGI | $22.8k | $12.16 |
| − OpEx | −$6.8k | −$3.65 |
| NOI | $15.9k | $8.52 |
1,872 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.7K
$199.3K – $265.7K
NOI $15,940 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$183.2K
$160.3K – $213.7K
NOI $12,823 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$390.1K
$341.4K – $455.2K
NOI $27,309 @ 7.0% cap · market cap 8.06%
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 - Turnkey side-by-side duplex with freshly updated, vacant units, private covered entrances, patios, full kitchens, and basements.
Where is this duplex located?
The property is located at 1064-1066 East Rich Street Columbus, OH.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1909‑built side‑by‑side duplex with 2 total units, both currently vacant; Freshly updated units with private covered entrances; Each unit includes a full kitchen and an open‑concept 1st‑floor layout
