Brick Duplex with Two-Bed
1157-59 Atcheson Street Columbus, OH 43203
1157-59 Atcheson Street, Columbus, OH, 43203
$400,775
For Sale
$400,775
Well-maintained duplex with one tenant-occupied unit and updated interiors, plus eligibility for a 15-year tax abatement.
Property Size2,865 SF
Price / SF$139.89
Days on Market243
Property Features for 1157-59 Atcheson Street
General Information
- Standard status
- Active
- Size
- 2,865 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing agency
e-Merge Real Estate
(614) 206-8337
Listed by
Fredrika P Kagai · License #2013002749
(614) 206-8337
Source
Compass
Added: Nov 21, 2025 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 8:10AM
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 e-Merge Real Estate
Investment Insights
Based on property information with market context.
1157-1159 E Atcheson Street is a well-maintained brick duplex that offers two mirrored residential units. Each side includes two bedrooms with one full bath upstairs and a half bath on the main level. The units are arranged with bright living spaces, dining areas, and user-friendly kitchens designed for practical day-to-day living. Updates throughout the property support a fresh interior look while keeping maintenance manageable. One unit is currently tenant-occupied, while the other unit is vacant and available to view.
Located in the Hildreth subdivision on Columbus’ Near East Side, the property places you minutes from Downtown, the East Market/Trolley District, Franklin Park, Olde Towne East, and Bexley. The seller notes the address is in an area where qualifying for a 15-year tax abatement may be available.
This duplex is a straightforward income-producing property for an owner looking for both current rent and flexibility. With a tenant in place on one side and a viewable vacant unit on the other, the layout supports traditional residential leasing while giving an investor options for refreshing the vacant unit for future occupancy. Showings require coordination—please do not disturb tenants, and see Agent to Agent remarks for instructions. Curb offers only.
Located in the Hildreth subdivision on Columbus’ Near East Side, the property places you minutes from Downtown, the East Market/Trolley District, Franklin Park, Olde Towne East, and Bexley. The seller notes the address is in an area where qualifying for a 15-year tax abatement may be available.
This duplex is a straightforward income-producing property for an owner looking for both current rent and flexibility. With a tenant in place on one side and a viewable vacant unit on the other, the layout supports traditional residential leasing while giving an investor options for refreshing the vacant unit for future occupancy. Showings require coordination—please do not disturb tenants, and see Agent to Agent remarks for instructions. Curb offers only.
Key Highlights
- Well‑maintained brick duplex in the Hildreth subdivision on Columbus’ Near East Side
- 2 bedrooms and 1 full bath upstairs on each side, plus a half bath on the main level
- One unit is currently tenant‑occupied for immediate rental income; the other side is vacant and available to view
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 | $37.5k | $13.08 |
| − Vacancy | −$2.6k | −$0.92 |
| EGI | $34.9k | $12.16 |
| − OpEx | −$10.5k | −$3.65 |
| NOI | $24.4k | $8.52 |
2,865 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.5K
$305.0K – $406.6K
NOI $24,396 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$280.4K
$245.3K – $327.1K
NOI $19,625 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$597.1K
$522.5K – $696.6K
NOI $41,796 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with one tenant-occupied unit and updated interiors, plus eligibility for a 15-year tax abatement.
Where is this duplex located?
The property is located at 1157-59 Atcheson Street Columbus, OH.
What is the asking price?
The asking price for this property is $400,775.
What are key features of this property?
This property features: Well‑maintained brick duplex in the Hildreth subdivision on Columbus’ Near East Side; 2 bedrooms and 1 full bath upstairs on each side, plus a half bath on the main level; One unit is currently tenant‑occupied for immediate rental income; the other side is vacant and available to view
