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Tenant-Occupied Duplex Investment

1730-1732 Frank Road Columbus, OH 43223

1730-1732 Frank Road, Columbus, OH, 43223
$215,000
For Sale
$215,000

Tenant-occupied duplex offered as-is with combined monthly income of $1,700.

Property Size1,816 SF
Price / SF$118.39
Days on Market84

Property Features for 1730-1732 Frank Road

General Information

Standard status
Active
Size
1,816 SF
Property subtype
Multi-Family / Duplex

Building Details

Year Built
1954
Listing agency Key Realty
Listed by Jerry R Auger · License #2008001399
Source Compass
Added: Apr 30 Updated: Jul 22 at 9:12AM Checked: Jul 22 at 9:12AM

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 Key Realty


Investment Insights

Based on property information with market context.

This for-sale duplex at 1730-1732 Frank Road is being sold as-is and is currently tenant occupied. The property consists of two units under lease, with combined income reported at $1,700 per month. The offering is presented as “curb offers only,” and a sale may be handled as a single asset or as part of a package.

According to the seller, the duplex is located within the Westbrook Community and can be sold separately or packaged with two other duplexes in the same community.

The property size is listed at 1,816 square feet. All information is provided as stated in the listing remarks and should be confirmed during due diligence.

Key Highlights

  • Tenant‑occupied duplex sold as‑is with combined monthly income of $1,700
  • Leased tenants in place; property offers curb access only
  • Built in 1954

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 $23.8k $13.08
− Vacancy −$1.7k −$0.92
EGI $22.1k $12.16
− OpEx −$6.6k −$3.65
NOI $15.5k $8.52
1,816 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$220.9K
$193.3K – $257.7K (±1% cap)
NOI $15,463 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$177.7K
$155.5K – $207.3K (±1% cap)
NOI $12,439 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$378.5K
$331.2K – $441.5K (±1% cap)
NOI $26,492 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Dental Office Real Estate Agency Hair Salon Spa & Massage Center Electrical Service Kitchen & Bath Showroom Daycare Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Tenant-occupied duplex offered as-is with combined monthly income of $1,700.
Where is this duplex located?
The property is located at 1730-1732 Frank Road Columbus, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Tenant‑occupied duplex sold as‑is with combined monthly income of $1,700; Leased tenants in place; property offers curb access only; Built in 1954
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