Duplex with Back
1586 Greenway Avenue Unit 1588 Columbus, OH 43203
1586 Greenway Avenue Unit 1588, Columbus, OH, 43203
$309,900
For Sale
$309,900
Duplex offering two 3-bedroom units with back parking, ready for new ownership or lease-up plans.
Property Size2,464 SF
Price / SF$125.77
Days on Market88
Property Features for 1586 Greenway Avenue Unit 1588
General Information
- Standard status
- Active
- Size
- 2,464 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1910
Listing agency
Home Station Realty
(740) 683-0178
Listed by
Jodi E St Clair · License #2023004190
(740) 683-0178
Source
Compass
Added: Apr 26 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 8:40AM
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 Home Station Realty
Investment Insights
Based on property information with market context.
This duplex includes two separate units, each with three bedrooms and one upstairs bathroom. The units are described as blank slates, giving a buyer flexibility to update finishes and tailor the spaces to the next tenant or owner-occupant’s needs. Parking is available in the back, supporting convenient day-to-day access.
The property is located at 1586 Greenway Avenue, Unit 1588, in Columbus, Ohio (43203). The public remarks indicate the home is positioned in a neighborhood that is moving quickly, though no additional specific nearby amenities or traffic details are provided.
For buyers looking for a straightforward residential income asset, the property’s duplex layout provides two dwelling units under one ownership structure. With both units currently presented as ready for new vision and updates, it may suit investors and owner-operators who want to complete renovations and establish a leasing or living plan around the existing 3-bedroom configuration and back parking.
The property is located at 1586 Greenway Avenue, Unit 1588, in Columbus, Ohio (43203). The public remarks indicate the home is positioned in a neighborhood that is moving quickly, though no additional specific nearby amenities or traffic details are provided.
For buyers looking for a straightforward residential income asset, the property’s duplex layout provides two dwelling units under one ownership structure. With both units currently presented as ready for new vision and updates, it may suit investors and owner-operators who want to complete renovations and establish a leasing or living plan around the existing 3-bedroom configuration and back parking.
Key Highlights
- Duplex with 2 units, each offering 3 bedrooms and 1 bathroom (upstairs)
- Year built: 1910
- Forced‑air gas heating
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 | $32.2k | $13.08 |
| − Vacancy | −$2.3k | −$0.92 |
| EGI | $30.0k | $12.16 |
| − OpEx | −$9.0k | −$3.65 |
| NOI | $21.0k | $8.52 |
2,464 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.7K
$262.3K – $349.7K
NOI $20,981 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$241.1K
$211.0K – $281.3K
NOI $16,878 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$513.5K
$449.3K – $599.1K
NOI $35,946 @ 7.0% cap · market cap 11.60%
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 - Duplex offering two 3-bedroom units with back parking, ready for new ownership or lease-up plans.
Where is this duplex located?
The property is located at 1586 Greenway Avenue Unit 1588 Columbus, OH.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Duplex with 2 units, each offering 3 bedrooms and 1 bathroom (upstairs); Year built: 1910; Forced‑air gas heating
