Renovated Duplex with Two
1195-1197 Sidney Street Columbus, OH 43201
1195-1197 Sidney Street, Columbus, OH, 43201
$375,000
Pending
For Sale
$375,000
Pending
Renovated duplex with two 2-bedroom, 2-bath units, private outdoor space, full unfinished basements, and a detached two-car garage.
Property Size2,578 SF
Days on Market90
Property Features for 1195-1197 Sidney Street
General Information
- Standard status
- Pending
- Size
- 2,578 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1927
Listing agency
Coldwell Banker Realty
(419) 234-6939
Listed by
Shaun Hood · License #2015002873
(419) 234-6939
Source
Compass
Added: Apr 23 Updated: Jul 20 at 7:34PM Checked: Jul 21 at 5:58AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This fully renovated duplex was taken down to the studs in 2023 and rebuilt with all-new electrical, plumbing, HVAC, roof, siding, windows, and a basement waterproofing system. Each side offers a functional layout with 2 bedrooms and 2 full bathrooms. Both units include full unfinished basements for additional storage and future value-add, and tenants have private outdoor space with a privacy fence. A detached two-car garage supports convenient, durable use.
The property is located just off 5th Avenue with immediate access to I-71, providing access to downtown Columbus and key employment centers. The duplex is fully occupied.
The property has already been rezoned as condominiums, with an HOA in place, creating the option to sell the units individually. The sale also includes an adjacent vacant lot that is potentially buildable, offering additional expansion or development possibilities.
The property is located just off 5th Avenue with immediate access to I-71, providing access to downtown Columbus and key employment centers. The duplex is fully occupied.
The property has already been rezoned as condominiums, with an HOA in place, creating the option to sell the units individually. The sale also includes an adjacent vacant lot that is potentially buildable, offering additional expansion or development possibilities.
Key Highlights
- Duplex built in 1927 with central air and forced‑air gas heat (Has cooling: Yes).
- Both units rebuilt in 2023: all‑new electrical, plumbing, HVAC, roof, siding, windows, and basement waterproofing system.
- Each unit offers 2 bedrooms and 2 full bathrooms with a functional layout.
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 | $31.4k | $12.16 |
| − OpEx | −$9.4k | −$3.65 |
| NOI | $22.0k | $8.52 |
2,578 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.6K
$274.4K – $365.9K
NOI $21,952 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$252.3K
$220.7K – $294.3K
NOI $17,659 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$537.3K
$470.1K – $626.8K
NOI $37,609 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex with two 2-bedroom, 2-bath units, private outdoor space, full unfinished basements, and a detached two-car garage.
Where is this duplex located?
The property is located at 1195-1197 Sidney Street Columbus, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex built in 1927 with central air and forced‑air gas heat (Has cooling: Yes).; Both units rebuilt in 2023: all‑new electrical, plumbing, HVAC, roof, siding, windows, and basement waterproofing system.; Each unit offers 2 bedrooms and 2 full bathrooms with a functional layout.
