Updated Duplex with Hardwood
New
For Sale
$300,000
1150 S Ohio Ave, Columbus, OH 43206
Both units are fully occupied and feature refreshed kitchens, updated bathrooms, and new water heaters.
Property Size2,576 SF
Price / SF$116.46
Days on Market2
Property Features for 1150 S Ohio Ave
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Asking Price
$300,000
Gross Income
$37,200
Additional Details
Multifamily Units
2
Building Details
Year Built
1926
Listing Agency:
Cindi Ann Watkins, E-Merge Real Estate Excellence
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 7:18PM
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 Cindi Ann Watkins, E-Merge Real Estate Excellence
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Investment Insights
Based on property information with market context.
This 2,576-square-foot duplex contains two occupied units, with recent work spanning both interiors and the exterior. Each unit has an updated bathroom with a glass-enclosed walk-in shower, fresh interior paint, new light fixtures, refinished hardwood floors, and a new water heater. Exterior improvements include fresh paint and a roof installed in 2026.
The kitchens have distinct updates: 1152 has a full renovation with new countertops and appliances, while 1150 has refreshed cabinetry and new appliances. New flooring was also installed on the first floor of 1152. The property was built in 1926 and is located at 1150 S Ohio Ave in Columbus.
The kitchens have distinct updates: 1152 has a full renovation with new countertops and appliances, while 1150 has refreshed cabinetry and new appliances. New flooring was also installed on the first floor of 1152. The property was built in 1926 and is located at 1150 S Ohio Ave in Columbus.
Key Highlights
- Two‑unit duplex with both units fully occupied
- 2,576 square feet; built in 1926
- Roof replaced in 2026; exterior paint refreshed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,935
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,700
$438.7K
Cap Rate 7%
$313,357
$313.4K
Cap Rate 9%
$243,722
$243.7K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$33.7K $13.08/SF
− Vacancy
−$2.4K −$0.92/SF
EGI
$31.3K $12.16/SF
− OpEx
−$9.4K −$3.65/SF
NOI
$21.9K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,700
Cap Rate 7%
$313,357
Cap Rate 9%
$243,722
Alternative Uses
Best Use
Multifamily LT 5
$313.4K
$274.2K – $365.6K
NOI $21,935 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,645 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$536.9K
$469.8K – $626.3K
NOI $37,580 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are fully occupied and feature refreshed kitchens, updated bathrooms, and new water heaters.
Where is this duplex located?
The property is located at 1150 S Ohio Ave Columbus, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex with both units fully occupied; 2,576 square feet; built in 1926; Roof replaced in 2026; exterior paint refreshed
