Turnkey Renovated
107 Midland Avenue Columbus, OH 43223
107 Midland Avenue, Columbus, OH, 43223
$365,000
For Sale
$365,000
MULTI_FAMILY - Columbus, OH
Property Size3,800 SF
Lot Size0.12 Acres
Price / SF$96.05
Days on Market190
Property Features for 107 Midland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 5
- Standard status
- Active
- APN
- 010-010372
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2842
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1920
- Number of units
- 2
Listing agency
Red 1 Realty
(614) 585-9020
Listed by
Taras Posykalyuk · License #2020008088
(614) 824-7845
Added: Jan 13 Updated: Jul 22 at 12:02AM Checked: Jul 22 at 4:06PM
MLS# 226001185
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey, fully renovated duplex offers two separate units designed for comfortable, low-maintenance living. The property provides approximately 3,800 square feet of finished space across three floors, including a finished attic. Each unit includes three bedrooms, spacious living areas, high-end finishes, and its own washer and dryer. Renovations include designer kitchens with quartz countertops and new cabinetry, modern tile bathrooms, new windows and siding, and updated HVAC, electrical, and plumbing. A private yard and outdoor space further enhances day-to-day usability, and there is ample street parking. The home was built in 1920 and retains preserved charm while incorporating substantial system and cosmetic upgrades.
Located in Columbus, Ohio, the property sits within Columbus City Schools. It is offered with no HOA, and the lot size is approximately 0.12 acres. Both units are currently occupied on a month-to-month basis.
With separate utilities and in-unit laundry, this duplex is well suited for an owner-operator or investor seeking a renovated, ready-to-rent residential income asset. The strong unit mix and comprehensive improvements support a straightforward path to maintaining current performance while reducing near-term capex needs associated with older systems and finishes.
Located in Columbus, Ohio, the property sits within Columbus City Schools. It is offered with no HOA, and the lot size is approximately 0.12 acres. Both units are currently occupied on a month-to-month basis.
With separate utilities and in-unit laundry, this duplex is well suited for an owner-operator or investor seeking a renovated, ready-to-rent residential income asset. The strong unit mix and comprehensive improvements support a straightforward path to maintaining current performance while reducing near-term capex needs associated with older systems and finishes.
Key Highlights
- Fully renovated 2‑unit home with approx. 3,800 sq ft of finished living space across three floors
- Year built 1920; updates include new windows and siding, plus updated HVAC, electrical, and plumbing
- Unit 1 offers 3 bedrooms and 2.5 bathrooms, currently rented for $2,650/month MTM; includes separate laundry
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 | $49.7k | $13.08 |
| − Vacancy | −$3.5k | −$0.92 |
| EGI | $46.2k | $12.16 |
| − OpEx | −$13.9k | −$3.65 |
| NOI | $32.4k | $8.52 |
3,800 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.2K
$404.5K – $539.3K
NOI $32,357 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$371.8K
$325.4K – $433.8K
NOI $26,029 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$791.9K
$693.0K – $923.9K
NOI $55,436 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Herdmone
Health Resort
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully remodeled two-unit property with separate laundry, private outdoor space, and updates throughout for dependable income potential.
Where is this duplex located?
The property is located at 107 Midland Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Fully renovated 2‑unit home with approx. 3,800 sq ft of finished living space across three floors; Year built 1920; updates include new windows and siding, plus updated HVAC, electrical, and plumbing; Unit 1 offers 3 bedrooms and 2.5 bathrooms, currently rented for $2,650/month MTM; includes separate laundry
