Renovated Duplex with Two Occupied
189-191 North Central Avenue Columbus, OH 43222
189-191 North Central Avenue, Columbus, OH, 43222
$289,900
For Sale
$289,900
Fully renovated 2024 duplex with both units occupied, offering a straightforward setup for an owner-occupant or investor.
Property Size1,552 SF
Price / SF$186.79
Days on Market97
Property Features for 189-191 North Central Avenue
General Information
- Standard status
- Active
- Size
- 1,552 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing agency
Red 1 Realty
(614) 407-6819
Listed by
James E Ross · License #2015001860
(614) 407-6819
Source
Compass
Added: Apr 17 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 6:01AM
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 updated Franklinton duplex was fully renovated in 2024 and offers a practical, easy-to-live-with layout. The home is configured as two units, with nicely sized bedrooms and a bright, functional feel throughout. Both units are currently occupied, so viewings require coordination, and guests should not disturb tenants.
The property is located at 189-191 North Central Avenue in Columbus, OH, with convenience to downtown amenities per the provided remarks. Curb offers only, and the listing indicates the duplex is being presented as an income property suitable for buyers looking for an owner-occupant option or a portfolio addition.
For tenant-facing buyers, the key operational advantage is that both units are already in place and occupied. For an owner-occupant, the layout supports day-to-day living while keeping a second unit available. With renovation completed in 2024 and no additional unit improvements described beyond that scope, this duplex presents as a turn-key option for those seeking a modernized two-unit structure.
The property is located at 189-191 North Central Avenue in Columbus, OH, with convenience to downtown amenities per the provided remarks. Curb offers only, and the listing indicates the duplex is being presented as an income property suitable for buyers looking for an owner-occupant option or a portfolio addition.
For tenant-facing buyers, the key operational advantage is that both units are already in place and occupied. For an owner-occupant, the layout supports day-to-day living while keeping a second unit available. With renovation completed in 2024 and no additional unit improvements described beyond that scope, this duplex presents as a turn-key option for those seeking a modernized two-unit structure.
Key Highlights
- Duplex fully renovated in 2024
- Both units are currently occupied (please do not disturb tenants)
- Year built: 1900
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 | $20.3k | $13.08 |
| − Vacancy | −$1.4k | −$0.92 |
| EGI | $18.9k | $12.16 |
| − OpEx | −$5.7k | −$3.65 |
| NOI | $13.2k | $8.52 |
1,552 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$188.8K
$165.2K – $220.3K
NOI $13,215 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$151.9K
$132.9K – $177.2K
NOI $10,631 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$323.4K
$283.0K – $377.4K
NOI $22,641 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated 2024 duplex with both units occupied, offering a straightforward setup for an owner-occupant or investor.
Where is this duplex located?
The property is located at 189-191 North Central Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Duplex fully renovated in 2024; Both units are currently occupied (please do not disturb tenants); Year built: 1900
