Updated Duplex Investment
1150 South Ohio Avenue Unit 1152 Columbus, OH 43206
1150 South Ohio Avenue Unit 1152, Columbus, OH, 43206
$370,000
For Sale
$370,000
Turnkey, fully occupied duplex with renovated kitchens and baths and a new roof installed in 2026.
Property Size2,576 SF
Price / SF$143.63
Days on Market152
Property Features for 1150 South Ohio Avenue Unit 1152
General Information
- Standard status
- Active
- Size
- 2,576 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1926
Listing agency
Red 1 Realty
(614) 530-7617
Listed by
Lacey D Wheeler · License #2014000586
(614) 530-7617
Source
Compass
Added: Feb 20 Updated: Jul 10 at 1:52PM Checked: Jun 6 at 4:58AM
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 Red 1 Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex is offered in turnkey condition with extensive recent updates throughout both units. Each unit features brand-new bathrooms with glass-door stand-up showers, fresh paint, new light fixtures, refinished hardwood floors, exterior paint, and new water heaters. A new roof was installed in 2026. Unit 1152 includes a completely new kitchen with countertops, appliances, and new first-floor flooring, while unit 1150 has painted kitchen cabinets and new appliances.
The property is located at 1150 South Ohio Avenue, Unit 1152, Columbus, OH 43206. Curb offers are offered only, with showings scheduled after an accepted offer.
For buyers seeking a residential income property with current occupancy and substantial capital improvements already completed, this duplex offers a practical setup. Rental income is already in place, with unit 1152 at $1,525 per month and unit 1150 at $1,475 per month. With the roof, water heaters, and core interior updates addressed, the property is positioned for low immediate maintenance needs while generating income from day one.
The property is located at 1150 South Ohio Avenue, Unit 1152, Columbus, OH 43206. Curb offers are offered only, with showings scheduled after an accepted offer.
For buyers seeking a residential income property with current occupancy and substantial capital improvements already completed, this duplex offers a practical setup. Rental income is already in place, with unit 1152 at $1,525 per month and unit 1150 at $1,475 per month. With the roof, water heaters, and core interior updates addressed, the property is positioned for low immediate maintenance needs while generating income from day one.
Key Highlights
- Fully occupied duplex with monthly rents of $1,525 (1152) and $1,475 (1150)
- New roof installed in 2026
- Both units updated bathrooms with glass‑door stand‑up showers
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 | $33.7k | $13.08 |
| − Vacancy | −$2.4k | −$0.92 |
| EGI | $31.3k | $12.16 |
| − OpEx | −$9.4k | −$3.65 |
| NOI | $21.9k | $8.52 |
2,576 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.4K
$274.2K – $365.6K
NOI $21,935 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,645 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$536.9K
$469.8K – $626.3K
NOI $37,580 @ 7.0% cap · market cap 10.16%
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, fully occupied duplex with renovated kitchens and baths and a new roof installed in 2026.
Where is this duplex located?
The property is located at 1150 South Ohio Avenue Unit 1152 Columbus, OH.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Fully occupied duplex with monthly rents of $1,525 (1152) and $1,475 (1150); New roof installed in 2026; Both units updated bathrooms with glass‑door stand‑up showers
