Brick Duplex with Private
1429 Ashland Avenue Columbus, OH 43212
1429 Ashland Avenue, Columbus, OH, 43212
$549,900
For Sale
$549,900
Fully leased 2BR/1BA duplex offers in-unit laundry, dedicated storage, and private 1-car garages for each unit.
Property Size2,284 SF
Lot Size1.50 Acres
Price / SF$240.76
Days on Market71
Property Features for 1429 Ashland Avenue
General Information
- Standard status
- Active
- Size
- 2,284 SF
- Lot size
- 1.50 Acres
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1940
Listing agency
Heart of It All
(614) 284-8867
Listed by
Laura B Esterline · License #2016004821
(614) 284-8867
Source
Compass
Added: May 13 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 9:55AM
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 Heart of It All
Investment Insights
Based on property information with market context.
This brick double duplex is fully leased and described as meticulously maintained. The property consists of two spacious 2-bedroom, 1-bathroom units. Each unit includes generous living space, dedicated storage, in-unit laundry, and a private 1-car garage.
The duplex is situated on an oversized 1.5-lot parcel. The provided remarks note the property is minutes from Grandview Yard, OSU, and downtown Columbus, with nearby demand supported by the claim that well-kept inventory rarely surfaces.
For buyers seeking an income-producing residential property, the unit features are practical for day-to-day tenant use, including laundry in-unit and enclosed garage parking. Separately metered utilities paid by tenants are also noted, which may help simplify operating considerations. With the property described as ready to perform from day one, it may appeal to investors and operators looking for a turn-key, well-kept duplex setup.
The duplex is situated on an oversized 1.5-lot parcel. The provided remarks note the property is minutes from Grandview Yard, OSU, and downtown Columbus, with nearby demand supported by the claim that well-kept inventory rarely surfaces.
For buyers seeking an income-producing residential property, the unit features are practical for day-to-day tenant use, including laundry in-unit and enclosed garage parking. Separately metered utilities paid by tenants are also noted, which may help simplify operating considerations. With the property described as ready to perform from day one, it may appeal to investors and operators looking for a turn-key, well-kept duplex setup.
Key Highlights
- Fully leased brick double duplex built in 1940
- Each unit features a 2BR/1BA layout with generous living space
- In‑unit laundry and dedicated storage included in each unit
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 | $29.9k | $13.08 |
| − Vacancy | −$2.1k | −$0.92 |
| EGI | $27.8k | $12.16 |
| − OpEx | −$8.3k | −$3.65 |
| NOI | $19.4k | $8.52 |
2,284 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.8K
$243.1K – $324.1K
NOI $19,448 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$223.5K
$195.6K – $260.8K
NOI $15,645 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$476.0K
$416.5K – $555.3K
NOI $33,320 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully leased 2BR/1BA duplex offers in-unit laundry, dedicated storage, and private 1-car garages for each unit.
Where is this duplex located?
The property is located at 1429 Ashland Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Fully leased brick double duplex built in 1940; Each unit features a 2BR/1BA layout with generous living space; In‑unit laundry and dedicated storage included in each unit
