Professionally Managed Duplex
1369-1371 East 18th Avenue Columbus, OH 43211
1369-1371 East 18th Avenue, Columbus, OH, 43211
$250,000
Pending
For Sale
$250,000
Pending
Duplex with two 3-bedroom, 1-bath units, with tenants covering gas and electric and owner covering water.
Property Size2,352 SF
Days on Market100
Property Features for 1369-1371 East 18th Avenue
General Information
- Standard status
- Pending
- Size
- 2,352 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1928
Listing agency
Reafco
(614) 541-8475
Listed by
Remington Lyman · License #2022001862
(614) 541-8475
Source
Compass
Added: Apr 14 Updated: Jul 21 at 7:15AM Checked: Jul 21 at 7:15AM
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 Reafco
Investment Insights
Based on property information with market context.
This professionally managed duplex includes two separate 3-bedroom, 1-bath units. The property is described as having a layout that has attracted long-term tenants in the rental corridor, and it is already under professional management for a smooth transition and continued oversight if desired. Photos are from last year.
One unit is currently rented under a new lease at $1,250 per month, and the second unit is rented at $1,300 per month. Tenant responsibility is limited to gas and electric, while the owner pays for water, keeping ongoing operating responsibilities relatively straightforward.
The duplex is offered for sale as a residential income property with both units currently occupied.
One unit is currently rented under a new lease at $1,250 per month, and the second unit is rented at $1,300 per month. Tenant responsibility is limited to gas and electric, while the owner pays for water, keeping ongoing operating responsibilities relatively straightforward.
The duplex is offered for sale as a residential income property with both units currently occupied.
Key Highlights
- Professionally managed 1928 duplex with two 3‑bedroom, 1‑bath units
- Unit A is rented on a new lease at $1,250 per month
- Unit B is rented at $1,300 per month
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 | $30.8k | $13.08 |
| − Vacancy | −$2.2k | −$0.92 |
| EGI | $28.6k | $12.16 |
| − OpEx | −$8.6k | −$3.65 |
| NOI | $20.0k | $8.52 |
2,352 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.3K – $333.8K
NOI $20,027 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.5K
NOI $16,111 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,312 @ 7.0% cap · market cap 13.72%
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 3-bedroom, 1-bath units, with tenants covering gas and electric and owner covering water.
Where is this duplex located?
The property is located at 1369-1371 East 18th Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Professionally managed 1928 duplex with two 3‑bedroom, 1‑bath units; Unit A is rented on a new lease at $1,250 per month; Unit B is rented at $1,300 per month
