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    Updated Woodland Park Duplex Title is generated by Realmo AI

    1570 East Long Street Unit 1572, Columbus, OH 43203

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    For Sale
    $459,000

    Two updated units near OSU East Hospital offer flexible income options for long-term leasing or mid/short-term use.

    Type:Multi-Family / Duplex
    Property size:
    3,906 SF
    Price / SF:
    $117/SF
    Added:
    Nov 15, 2025
    Days on Market:
    203
    Last Refresh:
    Jun 6 at 4:03 am

    Property Features for 1570 East Long Street Unit 1572

    General Information

    Standard status
    Active
    Size
    3,906 SF
    Property subtype
    Multi-Family / Duplex

    Building Details

    Year Built
    1915

    We can help!

    Listing Contact
    Joshua D Bauerle

    Listing agent Joshua D Bauerle License #2022007969

    Listing office EXP Realty, LLC

    Listing date Nov 15, 2025

    Source Compass

    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 EXP Realty, LLC

    HighLights

    • Duplex built in 1915 with two updated units near OSU East Hospital, offering options for long‑term leasing or mid/short‑term use
    • Upstairs unit: 4 beds, 2 full baths; original hardwood floors; recently updated kitchen and bathroom; currently vacant and available to view
    • Downstairs unit: 2 beds, 1 full bath; currently rented long term through October 2026 at $1,130/month
    • Income‑focused notes: Rentometer market long‑term rent estimates are $2,300+ (upstairs) and about $1,300 (downstairs)
    • Recent updates include new furnaces installed in February; both units have central air and gas forced‑air heating
    • Detached garage is not currently rented and can be converted into an ADU if desired

    Overview

    This updated duplex includes an upstairs four-bedroom, two-bath apartment and a separate downstairs two-bedroom, one-bath unit. The upstairs unit features original hardwood floors and recently updated kitchen and bathroom finishes, and it is currently vacant and available for viewing. The downstairs unit is currently leased through October of 2026 and has also received recent updates. Both units have had improvements in recent years, including new furnaces installed in February. A detached garage is also included and has potential to be converted into an ADU, if desired.

    The property is located in the Woodland Park area of Columbus, close to OSU East Hospital, and is described as just minutes from the Convention Center. The upstairs unit is available to view, while the downstairs tenant is in place; viewing should not disturb the tenant.

    For investors or owner-operators seeking a versatile residential income property, the duplex provides two separate living units with recent updates and established tenancy in the downstairs unit. The vacant upstairs unit may allow for immediate placement depending on the buyer’s operating plan, whether for long-term rental or mid/short-term use, subject to applicable rules and future leasing requirements.

    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 $51.1k $13.08
    − Vacancy −$3.6k −$0.92
    EGI $47.5k $12.16
    − OpEx −$14.3k −$3.65
    NOI $33.3k $8.52
    3,906 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $475.1K
    $415.8K – $554.3K (±1% cap)
    NOI $33,260 @ 7.0% cap · market cap 7.25%
    Second Best
    Apartment 5plus
    $382.2K
    $334.4K – $445.9K (±1% cap)
    NOI $26,755 @ 7.0% cap · market cap 5.83%
    Theoretical Best
    Office A
    $814.0K
    $712.3K – $949.7K (±1% cap)
    NOI $56,982 @ 7.0% cap · market cap 12.41%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9592902
    Latitude
    39.9690088

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    FAQs

    What type of property is this?
    Duplex - Two updated units near OSU East Hospital offer flexible income options for long-term leasing or mid/short-term use.
    Where is this duplex located?
    The property is located at 1570 East Long Street Unit 1572 Columbus, OH.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: Duplex built in 1915 with two updated units near OSU East Hospital, offering options for long‑term leasing or mid/short‑term use; Upstairs unit: 4 beds, 2 full baths; original hardwood floors; recently updated kitchen and bathroom; currently vacant and available to view; Downstairs unit: 2 beds, 1 full bath; currently rented long term through October 2026 at $1,130/month
    (567) 224-2064
    We can help!
    Listing Contact
    Joshua D Bauerle
    Real Estate License ID: 2022007969
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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