Two-Unit Brick Income
1612-1614 Westwood Avenue Columbus, OH 43212
1612-1614 Westwood Avenue, Columbus, OH, 43212
$565,000
For Sale
$565,000
All-brick duplex with two units, each offering 2 bedrooms, 1 full bath, hardwood floors, and private entrances.
Property Size2,162 SF
Price / SF$261.33
Days on Market39
Property Features for 1612-1614 Westwood Avenue
General Information
- Standard status
- Active
- Size
- 2,162 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1940
Listing agency
Coldwell Banker Real Estate LLC
(614) 561-8307
Listed by
Cathy Miller · License #2014003540
(614) 561-8307
Source
Compass
Added: Jun 14 Updated: Jul 21 at 3:25AM Checked: Jul 22 at 7:23AM
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 Coldwell Banker Real Estate LLC
Investment Insights
Based on property information with market context.
Exceptional two-unit, all-brick duplex offering two separate residences within a well-maintained property. Each unit features 2 bedrooms and 1 full bath, with hardwood floors and many updates throughout. The layout includes private side entrance and a backyard privacy fence with a shared concrete patio/deck measuring 12x12.
The property is located in the Grandview area between King and Fifth Avenues, with close proximity to Riverside Drive and State Route 315. It is also near Ohio State and other higher education schools, along with downtown and hospital systems.
Additional improvements include a 2-car garage, supporting convenient off-street parking for residents.
The property is located in the Grandview area between King and Fifth Avenues, with close proximity to Riverside Drive and State Route 315. It is also near Ohio State and other higher education schools, along with downtown and hospital systems.
Additional improvements include a 2-car garage, supporting convenient off-street parking for residents.
Key Highlights
- All‑brick duplex built in 1940 featuring two units
- Each unit has 2 bedrooms and 1 full bath
- Hardwood floors in both units
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 | $28.3k | $13.08 |
| − Vacancy | −$2.0k | −$0.92 |
| EGI | $26.3k | $12.16 |
| − OpEx | −$7.9k | −$3.65 |
| NOI | $18.4k | $8.52 |
2,162 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.1K – $306.8K
NOI $18,410 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$211.6K
$185.1K – $246.8K
NOI $14,809 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$450.6K
$394.3K – $525.7K
NOI $31,540 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - All-brick duplex with two units, each offering 2 bedrooms, 1 full bath, hardwood floors, and private entrances.
Where is this duplex located?
The property is located at 1612-1614 Westwood Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: All‑brick duplex built in 1940 featuring two units; Each unit has 2 bedrooms and 1 full bath; Hardwood floors in both units
