Duplex Investment Property with
1707 East Main Street Unit 1705 Columbus, OH 43205
1707 East Main Street Unit 1705, Columbus, OH, 43205
$239,999
For Sale
$239,999
Brick duplex with multiple completed exterior updates, decks, and staged interior work, plus space for potential garage additions.
Property Size2,764 SF
Price / SF$86.83
Days on Market168
Property Features for 1707 East Main Street Unit 1705
General Information
- Standard status
- Active
- Size
- 2,764 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1915
Listing agency
Key Realty
(310) 765-0731
Listed by
Neysa J Matthews · License #2023001131
(310) 765-0731
Source
Compass
Added: Feb 4 Updated: Jul 6 at 2:43PM Checked: Jul 21 at 6:29AM
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 Key Realty
Investment Insights
Based on property information with market context.
This value-add duplex features a brick exterior that has been tuck-pointed and painted, paired with a black dimensional roof. Both units have had updated interior windows and glass block bathroom windows installed, and front and rear decks have been completed. The property includes a large fenced-in backyard with room to add one or two garages. Each side is laid out over three levels plus a full basement, with per-unit space that includes 4 bedrooms, 3 full bathrooms, a kitchen, family room, and dining room. An additional approximately 1,000 square feet on the third level is noted as not reflected in auditor records. Interior framing has been installed throughout, and a majority of the electrical work has been completed. Plumbing materials onsite convey with the purchase. The property is sold As Is.
Located on East Main Street and positioned next to a well-established, active church, the home sits within a recognizable neighborhood anchor setting.
For investors or owner-occupants looking for a duplex with both exterior improvements and in-progress interior work, the current staged scope may reduce some build-out effort. With per-unit layouts already established and additional space identified on the third level, the property offers a workable foundation for finishing and renting each unit. The listing agent notes projected stabilized rents of approximately $1,800 to $2,200 per month per unit upon completion.
Located on East Main Street and positioned next to a well-established, active church, the home sits within a recognizable neighborhood anchor setting.
For investors or owner-occupants looking for a duplex with both exterior improvements and in-progress interior work, the current staged scope may reduce some build-out effort. With per-unit layouts already established and additional space identified on the third level, the property offers a workable foundation for finishing and renting each unit. The listing agent notes projected stabilized rents of approximately $1,800 to $2,200 per month per unit upon completion.
Key Highlights
- Brick duplex built in 1915 with gas heat and each side featuring three levels plus a full basement
- Per unit layout includes 4 bedrooms, 3 full bathrooms, a kitchen, family room, and dining room
- Recent exterior improvements: tuck‑pointed and painted brick, updated interior windows, and a black dimensional roof
Local Financial Insights For Apartment 5plus
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 | $36.8k | $13.32 |
| − Vacancy | −$2.4k | −$0.87 |
| EGI | $34.4k | $12.45 |
| − OpEx | −$15.5k | −$5.60 |
| NOI | $18.9k | $6.85 |
2,764 SF · lease $13.32/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.2K
$294.2K – $392.3K
NOI $23,536 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$270.5K
$236.7K – $315.6K
NOI $18,933 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$576.0K
$504.0K – $672.0K
NOI $40,322 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Brick duplex with multiple completed exterior updates, decks, and staged interior work, plus space for potential garage additions.
Where is this duplex located?
The property is located at 1707 East Main Street Unit 1705 Columbus, OH.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: Brick duplex built in 1915 with gas heat and each side featuring three levels plus a full basement; Per unit layout includes 4 bedrooms, 3 full bathrooms, a kitchen, family room, and dining room; Recent exterior improvements: tuck‑pointed and painted brick, updated interior windows, and a black dimensional roof
