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For sale
Duplexes
OH
Columbus
43206
1751-1753 East Frankfort Street

Turn-Key Investment Near Children's Hospital

1751-1753 East Frankfort Street Columbus, OH 43206

1751-1753 East Frankfort Street, Columbus, OH, 43206

$230,000

For Sale

$230,000

Fully occupied duplex near downtown Columbus with immediate rental income.

Property Size1,600 SF

Price / SF$143.75

AddedApr 5

Days on Market103

Last RefreshJul 15 at 3:40 pm

Property Features for 1751-1753 East Frankfort Street

General Information

Standard status: Active
Size: 1,600 SF
Property subtype: Multi-Family / Duplex

Building Details

Year Built: 1942

Listing office Red 1 Realty

Listing date Apr 5, 2026

Source Compass

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 Red 1 Realty

Investment Insights

Based on property information with market context.

This turn-key investment opportunity is a duplex conveniently located near Nationwide Children's Hospital, Downtown Columbus, Franklin Park Conservatory and Botanical Gardens, and the Driving Park Community Center. Each unit features 2 bedrooms, 1 bathroom, and a basement that provides additional storage space. The property is fully occupied, providing immediate and consistent rental income. Unit 1751 is rented at $1,040 per month with a $50 per month water fee until March 25, 2027, while Unit 1753 is rented at $980 per month with a $25 per month water fee through December 29, 2026. The property size is 1,600 square feet.

Key Highlights

Turn‑key investment property providing immediate and consistent rental income.
Fully occupied units with long‑term tenants.
Convenient location near Nationwide Children's Hospital, Downtown Columbus, and Franklin Park Conservatory.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$20.9k	$13.08
− Vacancy	−$1.5k	−$0.92
EGI	$19.5k	$12.16
− OpEx	−$5.8k	−$3.65
NOI	$13.6k	$8.52

1,600 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$194.6K

$170.3K – $227.1K (±1% cap)

NOI $13,624 @ 7.0% cap · market cap 5.92%

Second Best

Apartment 5plus

$156.6K

$137.0K – $182.7K (±1% cap)

NOI $10,960 @ 7.0% cap · market cap 4.77%

Theoretical Best

Office A

$333.4K

$291.8K – $389.0K (±1% cap)

NOI $23,341 @ 7.0% cap · market cap 10.15%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

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For sale
Duplexes
OH
Columbus
43206
1751-1753 East Frankfort Street

What type of property is this?

Duplex - Fully occupied duplex near downtown Columbus with immediate rental income.

Where is this duplex located?

The property is located at 1751-1753 East Frankfort Street Columbus, OH.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Turn‑key investment property providing immediate and consistent rental income.; Fully occupied units with long‑term tenants.; Convenient location near Nationwide Children's Hospital, Downtown Columbus, and Franklin Park Conservatory.