Historic Duplex in Columbus,
For Sale
Contact for pricing
1532 Clifton Avenue, Columbus, OH 43203
Charming 1919 duplex with renovation potential.
Property Size2,688 SF
Price / SF$107.51
Days on Market162
Property Features for 1532 Clifton Avenue
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multifamily
Building Details
Year Built
1919
Units
2
Listing Agency:
Chosen Real Estate Group
Listed By:
Nicholas Huscroft · License #2022001015
(330) 249-3499
Source:
Crexi
Added: May 10
Changed: Oct 14
Last Checked: Oct 16 at 7:29AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,889
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,780
$457.8K
Cap Rate 7%
$326,986
$327.0K
Cap Rate 9%
$254,322
$254.3K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$35.2K $13.08/SF
− Vacancy
−$2.5K −$0.92/SF
EGI
$32.7K $12.16/SF
− OpEx
−$9.8K −$3.65/SF
NOI
$22.9K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,780
Cap Rate 7%
$326,986
Cap Rate 9%
$254,322
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
Explore this area
Business Placement
Demographics for 43203, OH
8,726
Population
5,301
Households
1.6
Avg Household Size
32
Median Age
30%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
6,233
Density / Sq Mi
$44,099
Median Household Income
$36,918
Median Earnings
$930
Median Rent
$282,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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.
