Updated Duplex with Walkout
233 South Sylvan Avenue Columbus, OH 43204
233 South Sylvan Avenue, Columbus, OH, 43204
$299,900
Pending
For Sale
$299,900
Pending
Move-in-ready duplex with two-bedroom units, updated kitchens, and walkout basements, featuring extensive recent improvements.
Property Size2,183 SF
Days on Market22
Property Features for 233 South Sylvan Avenue
General Information
- Standard status
- Pending
- Size
- 2,183 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1941
Listing agency
Dream Living LLC
(614) 342-0665
Listed by
Amalea Harding · License #2016005529
(614) 342-0665
Source
Compass
Added: Jul 2 Updated: Jul 21 at 8:19PM Checked: Jul 22 at 7:47AM
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 Dream Living LLC
Investment Insights
Based on property information with market context.
Welcome to 233–235 S. Sylvan Avenue, a move-in-ready duplex in the Westgate neighborhood. The property has been extensively updated and is currently vacant, offering immediate flexibility for an owner-occupant or investor. Each unit features two bedrooms and one full bathroom, with bright living spaces and refinished hardwood floors. Kitchens have been updated with quartz and granite countertops, and each unit includes a full walkout basement for added storage and future flexibility.
Recent capital improvements include new plumbing, new doors, newer windows, and newer appliances. On the 235 side, there is a new furnace and a new tankless water heater. The roof was replaced in 2023.
Set along tree-lined streets in established Columbus area surroundings, this updated duplex is designed for buyers looking to minimize near-term major repairs while benefiting from a functional two-unit layout.
Recent capital improvements include new plumbing, new doors, newer windows, and newer appliances. On the 235 side, there is a new furnace and a new tankless water heater. The roof was replaced in 2023.
Set along tree-lined streets in established Columbus area surroundings, this updated duplex is designed for buyers looking to minimize near-term major repairs while benefiting from a functional two-unit layout.
Key Highlights
- Vacant duplex at 233‑235 S. Sylvan Avenue in the Westgate neighborhood
- Each unit offers 2 bedrooms and 1 full bathroom with bright living space and refinished hardwood floors
- Updated kitchens with quartz and granite countertops in both units
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 | $28.6k | $13.08 |
| − Vacancy | −$2.0k | −$0.92 |
| EGI | $26.6k | $12.16 |
| − OpEx | −$8.0k | −$3.65 |
| NOI | $18.6k | $8.52 |
2,183 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.5K
$232.4K – $309.8K
NOI $18,588 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$213.6K
$186.9K – $249.2K
NOI $14,953 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$454.9K
$398.1K – $530.8K
NOI $31,846 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Move-in-ready duplex with two-bedroom units, updated kitchens, and walkout basements, featuring extensive recent improvements.
Where is this duplex located?
The property is located at 233 South Sylvan Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Vacant duplex at 233‑235 S. Sylvan Avenue in the Westgate neighborhood; Each unit offers 2 bedrooms and 1 full bathroom with bright living space and refinished hardwood floors; Updated kitchens with quartz and granite countertops in both units
