Two-Unit Duplex With Two-Bed
1230 Gilbert Street Unit 2 Columbus, OH 43206
1230 Gilbert Street Unit 2, Columbus, OH, 43206
$240,000
Pending
For Sale
$240,000
Pending
Duplex with two 2-bedroom, 1-bath units, one rent-ready and the other needing minor bathroom repairs.
Property Size1,568 SF
Days on Market142
Property Features for 1230 Gilbert Street Unit 2
General Information
- Standard status
- Pending
- Size
- 1,568 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1930
Listing agency
Redfin Corporation
(614) 425-0068
Listed by
Danielle Shields · License #2025002945
(614) 425-0068
Source
Compass
Added: Mar 2 Updated: Jul 21 at 5:56PM Checked: Jul 21 at 5:56PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This duplex contains two separate units, each with 2 bedrooms and 1 full bath. Unit 1232 is described as fully rent-ready. Unit 1230 needs minor finishing work in the bathroom, including drywall and tile repair from a prior leak.
The property is located at 1230 Gilbert Street in Columbus, Ohio, and is described as being just minutes from Nationwide Children’s Hospital, with German Village shops, dining, and downtown Columbus nearby.
The seller notes the property previously appraised in 2025 at $261,000 and that the current condition and remaining updates are reflected in the asking price.
The property is located at 1230 Gilbert Street in Columbus, Ohio, and is described as being just minutes from Nationwide Children’s Hospital, with German Village shops, dining, and downtown Columbus nearby.
The seller notes the property previously appraised in 2025 at $261,000 and that the current condition and remaining updates are reflected in the asking price.
Key Highlights
- Duplex built in 1930 with two separate 2‑bedroom, 1‑bath units (1232 and 1230).
- Unit 1232 is fully rent‑ready, offering immediate occupancy potential.
- Unit 1230 needs minor bathroom finishing work (drywall and tile repair) from a prior leak.
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 | $20.5k | $13.08 |
| − Vacancy | −$1.4k | −$0.92 |
| EGI | $19.1k | $12.16 |
| − OpEx | −$5.7k | −$3.65 |
| NOI | $13.4k | $8.52 |
1,568 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.7K
$166.9K – $222.5K
NOI $13,352 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$153.4K
$134.3K – $179.0K
NOI $10,741 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$326.8K
$285.9K – $381.3K
NOI $22,875 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, one rent-ready and the other needing minor bathroom repairs.
Where is this duplex located?
The property is located at 1230 Gilbert Street Unit 2 Columbus, OH.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Duplex built in 1930 with two separate 2‑bedroom, 1‑bath units (1232 and 1230).; Unit 1232 is fully rent‑ready, offering immediate occupancy potential.; Unit 1230 needs minor bathroom finishing work (drywall and tile repair) from a prior leak.
