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    1294-1296 E 23Rd Ave Columbus, OH 43211

    For Sale
    $209,900

    Value-add duplex with income potential in Columbus, Ohio.

    Lot size:
    0.11 Acres

    Property Features for 1294-1296 E 23Rd Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1925

    Source: Keller Williams Classic Properties Realty Agent Jimmy Lieu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Columbus Duplex: Investor Opportunity

    This duplex presents an investor opportunity with potential for value addition and strong cash flow. Each unit features 3 bedrooms, 1 bathroom, and a full kitchen. One unit, 1296, is currently rented at $1,100 per month. The other unit, 1294, is vacant and ready for updates. Market rates in the area suggest potential rent increases to $1,300-$1,400+ per side with cosmetic improvements. Once stabilized, the property has the potential to generate $2,600-$2,800 per month.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9738772
    Latitude
    40.0058787

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    FAQs

    What type of property is this?
    Duplex - Value-add duplex with income potential in Columbus, Ohio.
    Where is this duplex located?
    The property is located at 1294-1296 E 23Rd Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $209,900.
    What are key features of this property?
    This property features: - High Cash Flow Potential: Opportunity to generate $2,600-$2,800/month once stabilized.; - Value-Add Opportunity: Vacant unit (1294) allows for immediate updates to increase rent.; - Below Market Rent: Current rent ($1,100/mo) is significantly lower than market rates ($1,300-$1,400+/mo).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1294-1296 E 23Rd Ave Columbus, OH 43211
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