Updated Two-Unit
For Sale
$260,000
15981600 1598-1600 E Livingston Ave Unit 1600, Columbus, OH 43205
Two matching residential units provide a consistent layout for multifamily ownership.
Property Size2,240 SF
Price / SF$116.07
Days on Market62
Property Features for 15981600 1598-1600 E Livingston Ave Unit 1600
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Far East
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Mainstay Brokerage LLC
Listed By:
Eva Marie Hockenberry · License #2022006228
(704) 859-2176
Source:
Thelorilynngroup
Added: Aug 23
Changed: Oct 3
Last Checked: Oct 23 at 10:12AM
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 Mainstay Brokerage LLC
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.
This updated duplex contains 2,240 square feet across two matching units. Each residence includes three bedrooms and one-and-a-half bathrooms, providing the same configuration on both sides of the property. Built in 1920, the building offers an established residential format for a multifamily buyer.
The property is located on E Livingston Ave in Columbus, near downtown Columbus, German Village, and major employers. Its two-unit arrangement and uniform floor plans create a straightforward operating structure for residential income ownership.
The property is located on E Livingston Ave in Columbus, near downtown Columbus, German Village, and major employers. Its two-unit arrangement and uniform floor plans create a straightforward operating structure for residential income ownership.
Key Highlights
- 2,240‑square‑foot duplex with two matching units
- Each unit includes 3 bedrooms and 1.5 bathrooms
- Updated property built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,074
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,480
$381.5K
Cap Rate 7%
$272,486
$272.5K
Cap Rate 9%
$211,933
$211.9K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$29.3K $13.08/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$27.2K $12.16/SF
− OpEx
−$8.2K −$3.65/SF
NOI
$19.1K $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%
$381,480
Cap Rate 7%
$272,486
Cap Rate 9%
$211,933
Alternative Uses
Best Use
Multifamily LT 5
$272.5K
$238.4K – $317.9K
NOI $19,074 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$219.2K
$191.8K – $255.7K
NOI $15,344 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$466.8K
$408.5K – $544.6K
NOI $32,678 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residential units provide a consistent layout for multifamily ownership.
Where is this duplex located?
The property is located at 15981600 1598-1600 E Livingston Ave Unit 1600 Columbus, OH.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,240‑square‑foot duplex with two matching units; Each unit includes 3 bedrooms and 1.5 bathrooms; Updated property built in 1920
