189-191 South Highland Avenue Columbus, OH 43223
Two 3-bedroom ranch units with unfinished high-ceiling basements and four off-street parking spaces.
Property Features for 189-191 South Highland Avenue
General Information
- Standard status
- Active
- Size
- 1,760 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1969
Listing office Chosen Real Estate Group (330) 249-3499
Listing date Apr 24, 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 Chosen Real Estate Group
Investment Insights
Based on property information with market context.
The home is located on a quiet street near Columbus public transportation routes. It is positioned within a central hilltop area where the apartments are described as being in high demand and typically renting quickly after posting.
For tenants and owners, the existing setup provides two independent residential units in a straightforward duplex structure, with basements on each side that can make repairs and day-to-day maintenance easier. The property is also described as having professional, long-term tenants who handle minor upkeep, supporting day-to-day management needs.
Key Highlights
- Duplex built in 1969 with two 3‑bedroom ranch units
- Forced‑air heating
- Unfinished, high‑ceiling basements for each side, offering extra space and easy repairs
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 | $23.0k | $13.08 |
| − Vacancy | −$1.6k | −$0.92 |
| EGI | $21.4k | $12.16 |
| − OpEx | −$6.4k | −$3.65 |
| NOI | $15.0k | $8.52 |
