Fully Remodeled Duplex
1074 East 15th Avenue Columbus, OH 43211
1074 East 15th Avenue, Columbus, OH, 43211
$255,000
For Sale
$255,000
Turnkey duplex featuring two fully renovated 3-bedroom units with updated kitchens, baths, and mechanicals.
Property Size2,520 SF
Price / SF$101.19
Days on Market67
Property Features for 1074 East 15th Avenue
General Information
- Standard status
- Active
- Size
- 2,520 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1926
Listing Agency
Red 1 Realty
(380) 234-0205
Listed by
Silas A Pearson · License #2020004251
(380) 234-0205
Source
Compass
Added: May 11 Checked: Jul 16 at 6:22 am
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 Red 1 Realty
Investment Insights
Based on property information with market context.
This fully remodeled duplex offers two complete, turn-ready residential units. Each side features an open-concept layout with contemporary finishes, updated flooring throughout, and spacious bedrooms designed to bring in natural light. Renovations include brand-new kitchens and modern tile bathrooms, along with new water heaters, efficient heating furnaces, and all-new windows and exterior and interior doors.
The property is located at 1074-1076 East 15th Avenue in the 43211 area, with easy access to Ohio State University, downtown Columbus, major highways, and local amenities. The proximity to these employment, education, and lifestyle destinations supports a practical live-in-and-rent model as well as long-term tenancy.
With two fully updated 3-bedroom, 1-bath units under one roof, this duplex can fit investors seeking a turnkey rental property or owner-occupants looking to live in one unit while renting the other. The extensive upgrades and new systems help reduce near-term replacement concerns and make the property simpler to operate from day one.
The property is located at 1074-1076 East 15th Avenue in the 43211 area, with easy access to Ohio State University, downtown Columbus, major highways, and local amenities. The proximity to these employment, education, and lifestyle destinations supports a practical live-in-and-rent model as well as long-term tenancy.
With two fully updated 3-bedroom, 1-bath units under one roof, this duplex can fit investors seeking a turnkey rental property or owner-occupants looking to live in one unit while renting the other. The extensive upgrades and new systems help reduce near-term replacement concerns and make the property simpler to operate from day one.
Key Highlights
- Duplex built in 1926 with two fully remodeled 3‑bedroom, 1‑bath units
- Brand‑new kitchens and modern tile bathrooms in both units
- New water heaters and efficient heating furnaces
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 | $33.0k | $13.08 |
| − Vacancy | −$2.3k | −$0.92 |
| EGI | $30.7k | $12.16 |
| − OpEx | −$9.2k | −$3.65 |
| NOI | $21.5k | $8.52 |
2,520 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.5K
$268.2K – $357.6K
NOI $21,458 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$246.6K
$215.8K – $287.7K
NOI $17,262 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$525.2K
$459.5K – $612.7K
NOI $36,763 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turnkey duplex featuring two fully renovated 3-bedroom units with updated kitchens, baths, and mechanicals.
Where is this duplex located?
The property is located at 1074 East 15th Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Duplex built in 1926 with two fully remodeled 3‑bedroom, 1‑bath units; Brand‑new kitchens and modern tile bathrooms in both units; New water heaters and efficient heating furnaces
