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Vacant Duplex with Basements
New
For Sale
$249,900

1938-1940 Pannell Ave, Columbus, OH 43207

Two-unit property with private lower-level space, in-unit laundry equipment, fenced outdoor areas, and covered parking.

Property Size2,242 SF
Price / SF$111.46
Days on Market1

Property Features for 1938-1940 Pannell Ave

General Information

Standard status Active
Size 2,242 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR/1.5BA
Multifamily Units 2

Amenities

washer and dryer
fenced yard
carport

Building Details

Year Built 1966
Listing Agency: Nataha Shaw, Key Realty
Listed By: Real Estate Showcase RES
Source: Resmarion
Added: Sep 20 Last Checked: Sep 20 at 7:19AM

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 Nataha Shaw, Key Realty

Investment Insights

Based on property information with market context.

This two-unit residential income property was built in 1966 and is currently vacant on both sides. Each unit includes three bedrooms and one-and-a-half bathrooms, along with a separate basement equipped with a washer and dryer. The duplex sits on a corner lot with fenced yard areas and a large carport offering parking for two cars on each side.

Located at 1938-1940 Pannell Ave in Columbus, Ohio 43207, the property presents a straightforward duplex configuration with both units available for occupancy. Its separate basements, laundry equipment, covered parking, and individual three-bedroom layouts provide practical features for residential use.

Key Highlights

  • Both units are vacant
  • Each side has 3 bedrooms and 1 1/2 baths
  • Separate basements with washer and dryer included

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

296
Businesses Nearby

Demographics for 43207, OH

46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with private lower-level space, in-unit laundry equipment, fenced outdoor areas, and covered parking.
Where is this duplex located?
The property is located at 1938-1940 Pannell Ave Columbus, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Both units are vacant; Each side has 3 bedrooms and 1 1/2 baths; Separate basements with washer and dryer included
More about this property
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