1244 South Ohio Avenue Unit A AND B Columbus, OH 43206
Two 2-bedroom units with separate gas furnaces and a shared yard, offering one leased home and one ready for lease-up.
Property Features for 1244 South Ohio Avenue Unit A AND B
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1925
Listing office Reafco (614) 541-8475
Listing date May 3, 2026
Source Compass
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Investment Insights
Based on property information with market context.
The lower unit provides access to a full basement for storage and utility use, which can support day-to-day operating needs. The property also includes a shared yard and offers potential off-street parking accessed from the alley.
For an owner-occupant or investor, the mix of an in-place lease and a unit available for immediate positioning can simplify operational planning. With mechanical systems reported to be in stable condition and no significant capital expenditures noted in the past year, the property is positioned for continued management with clear, utility-billing responsibilities for residents.
Key Highlights
- Duplex built in 1925 with two 2‑bedroom, 1‑bath units in an up‑and‑down layout and shared entry
- Unit A is leased at $1,100/month with a lease in place through 6/30/2026
- Unit B is currently vacant and ready for lease‑up or the next owner’s improvements
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 | $26.7k | $13.08 |
| − Vacancy | −$1.9k | −$0.92 |
| EGI | $24.8k | $12.16 |
| − OpEx | −$7.4k | −$3.65 |
| NOI | $17.4k | $8.52 |
