Historic Duplex in Columbus,
1532 Clifton Avenue Columbus, OH 43203
1532 Clifton Avenue, Columbus, OH, 43203
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For Sale
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Charming 1919 duplex with renovation potential.
Property Size2,688 SF
Price / SF$107.51
Days on Market68
Property Features for 1532 Clifton Avenue
General Information
- Standard status
- Active
- Size
- 2,688 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1919
Listing Agency
Chosen Real Estate Group
(330) 249-3499
Listed by
Nicholas Huscroft · License #2022001015
Source
Crexi
Added: May 10 Checked: Jul 16 at 11:35 am
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 Chosen Real Estate Group
Investment Insights
Based on property information with market context.
Located at 1532 & 1534 Clifton Ave in Columbus, OH, this historic duplex, constructed in 1919, presents an opportunity for owner-occupancy or investment. The property, suitable for potential conversion into condominiums, features a double side-by-side townhome layout. Each unit includes 2 bedrooms, 2 full bathrooms, and 2 half bathrooms, totaling 2,688 square feet of space. One side of the duplex has been renovated and is currently rented. The other side is vacant and requires cosmetic renovation. The property is being sold As Is.
Key Highlights
- Great investment opportunity with potential for owner‑occupancy or condominium conversion.
- Each unit features 2 bedrooms, 2 full bathrooms, and 2 half bathrooms.
- Renovated unit is currently rented, providing immediate income.
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 | $35.2k | $13.08 |
| − Vacancy | −$2.5k | −$0.92 |
| EGI | $32.7k | $12.16 |
| − OpEx | −$9.8k | −$3.65 |
| NOI | $22.9k | $8.52 |
2,688 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$327.0K
$286.1K – $381.5K
NOI $22,889 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$263.0K
$230.2K – $306.9K
NOI $18,412 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$560.2K
$490.2K – $653.6K
NOI $39,213 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Charming 1919 duplex with renovation potential.
Where is this duplex located?
The property is located at 1532 Clifton Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Great investment opportunity with potential for owner‑occupancy or condominium conversion.; Each unit features 2 bedrooms, 2 full bathrooms, and 2 half bathrooms.; Renovated unit is currently rented, providing immediate income.
