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    Gut-Renovated Income Duplex Title is generated by Realmo AI

    2411 North 4th Street, Columbus, OH 43202

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    For Sale
    $629,900

    Fully renovated duplex with two spacious, modern units and a documented 5-year short-term rental track record.

    Type:Multi-Family / Duplex
    Property size:
    3,073 SF
    Price / SF:
    $204/SF
    Added:
    Apr 6, 2026
    Days on Market:
    63
    Last Refresh:
    Jun 6 at 5:39 am

    Property Features for 2411 North 4th Street

    General Information

    Standard status
    Active
    Size
    3,073 SF
    Property subtype
    Multi-Family / Duplex

    Building Details

    Year Built
    1916

    We can help!

    Listing Contact
    Andrew C Howell

    Listing agent Andrew C Howell License #2016000215

    Listing office EXP Realty, LLC

    Listing date Apr 6, 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 EXP Realty, LLC

    HighLights

    • Fully gut‑renovated 2‑unit duplex built in 1916, currently operated successfully as a short‑term rental for the past 5 years.
    • Each side features 5 bedrooms and 2 full baths (10 beds / 4 baths total), with approximately 1,536 sq ft per unit.
    • 2020 renovation included new electrical (new panel & wiring), PEX plumbing, new furnaces & A/C (with attic splits), and a new roof.
    • Renovation also included new windows, siding, gutters, drywall, insulation, hardwood floors, granite kitchens, updated baths, and rear decks off every back bedroom.
    • Proven short‑term rental history and an available investor package with renovation scope, 4‑year performance summary, tax‑abatement details, and cash‑flow projections.
    • 15‑year tax abatement is locked at the 2020 rate.

    Overview

    2411-2413 N 4th St presents a fully gut-renovated income-producing duplex configured as two identical units. Each side offers 5 bedrooms and 2 full baths, providing approximately 1,536 sq. ft. per unit and 10 beds / 4 total baths across the property. The 2020 renovation is documented with a major scope that includes new electrical (new panel and wiring), PEX plumbing, new furnaces and A/C with attic splits, a new roof, new windows, siding, and gutters, along with interior updates such as drywall, insulation, hardwood floors, and renovated kitchens and baths. New rear decks were added off every back bedroom, and both units are presented as move-in ready.

    The property is located in the Old North Columbus/Clintonville area, with the convenience of a walkable Clintonville lifestyle. The remarks note it is minutes to OSU and nearby High St shops/restaurants, parks, and other Central Ohio amenities.

    This duplex is being marketed as turn-key for either an owner-operator or an investor. The seller notes the property has been operating as a high-performing Airbnb for the past 5 years and is also described as having a 15-year tax abatement locked at the 2020 rate. Interior showings are by appointment only with at least 24 hours’ notice, and all showing requests must include mortgage pre-approval or proof of funds. Accepting backup offers, and curb offers are strongly encouraged.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9981189
    Latitude
    40.0127977

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    FAQs

    What type of property is this?
    Duplex - Fully renovated duplex with two spacious, modern units and a documented 5-year short-term rental track record.
    Where is this duplex located?
    The property is located at 2411 North 4th Street Columbus, OH.
    What is the asking price?
    The asking price for this property is $629,900.
    What are key features of this property?
    This property features: Fully gut‑renovated 2‑unit duplex built in 1916, currently operated successfully as a short‑term rental for the past 5 years.; Each side features 5 bedrooms and 2 full baths (10 beds / 4 baths total), with approximately 1,536 sq ft per unit.; 2020 renovation included new electrical (new panel & wiring), PEX plumbing, new furnaces & A/C (with attic splits), and a new roof.
    (614) 632-5733
    We can help!
    Listing Contact
    Andrew C Howell
    Real Estate License ID: 2016000215
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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