Updated Arts & Crafts
2539 North 4th Street Columbus, OH 43202
2539 North 4th Street, Columbus, OH, 43202
$539,900
Fully updated duplex with two remodeled units, central air, tankless water heating, and off-street parking.
Property Size2,542 SF
Price / SF$212.39
AddedMar 7
Days on Market131
Last RefreshJul 15 at 12:09 pm
Property Features for 2539 North 4th Street
General Information
- Standard status
- Active
- Size
- 2,542 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1917
Listing office Faulkner Realty Group (614) 419-5757
Listing date Mar 7, 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 Faulkner Realty Group
Investment Insights
Based on property information with market context.
This one-of-a-kind Arts and Crafts duplex offers two separate, updated living spaces under shared ownership. The first-floor unit features a huge living room, a dining room with hardwood floors, and a built-in flanked fireplace with columned doorway. The large kitchen includes an island with new white cabinetry, tile floors, granite countertops, and stainless-steel appliances. Two bedrooms with hardwood floors and a fully remodeled bathroom with subway tile complete the first-floor layout. The lower-level setup is shared with the upstairs unit and includes washer/dryer hook-ups, a new high-efficiency furnace, central air, and a high-efficiency tankless Navien water heater. The upper unit provides an open living room/dining room with fireplace and French doors to a balcony, plus a large eat-in kitchen with ceramic tile, white cabinetry, stainless-steel appliances, and granite countertops. A bedroom with hardwood floors, a full bath with ceramic subway tile, and a primary suite on the next level with an additional full shower bath with subway tile round out the second-floor configuration. New windows throughout have been added, and both units were remodeled in 2019.
The property includes off-street parking, and the lot is wide enough to support a three-car carriage house. It is located in the historic Glen Echo Ravine neighborhood, described as a streetcar suburb to downtown, with a park at the end of the street for walking.
For buyers or operators seeking an income-producing duplex, the current leases end May 31, 2026. The property is currently producing $3,695 per month, with rents listed as $1,625 and $2,070, respectively. With updated mechanicals, central air, and tankless water heating serving each unit, the building is positioned for straightforward tenant continuity into the lease end date.
The property includes off-street parking, and the lot is wide enough to support a three-car carriage house. It is located in the historic Glen Echo Ravine neighborhood, described as a streetcar suburb to downtown, with a park at the end of the street for walking.
For buyers or operators seeking an income-producing duplex, the current leases end May 31, 2026. The property is currently producing $3,695 per month, with rents listed as $1,625 and $2,070, respectively. With updated mechanicals, central air, and tankless water heating serving each unit, the building is positioned for straightforward tenant continuity into the lease end date.
Key Highlights
- Fully updated Arts and Crafts duplex with two remodeled units (2019) and monthly income of $3,695
- Two separate units: first‑floor has huge living and dining room with hardwood floors and built‑ins, plus a remodeled bath and 2 bedrooms
- Second‑floor features open living/dining room with fireplace, French doors to the balcony, eat‑in kitchen, a full bath, and a spacious bedroom plus a primary suite on the next level
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 | $33.2k | $13.08 |
| − Vacancy | −$2.3k | −$0.92 |
| EGI | $30.9k | $12.16 |
| − OpEx | −$9.3k | −$3.65 |
| NOI | $21.6k | $8.52 |
2,542 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.2K
$270.6K – $360.8K
NOI $21,645 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$248.7K
$217.7K – $290.2K
NOI $17,412 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$529.8K
$463.6K – $618.1K
NOI $37,084 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lambda One Limited
(Bike/Boat/Book/etc) Store
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FAQs
What type of property is this?
Duplex - Fully updated duplex with two remodeled units, central air, tankless water heating, and off-street parking.
Where is this duplex located?
The property is located at 2539 North 4th Street Columbus, OH.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Fully updated Arts and Crafts duplex with two remodeled units (2019) and monthly income of $3,695; Two separate units: first‑floor has huge living and dining room with hardwood floors and built‑ins, plus a remodeled bath and 2 bedrooms; Second‑floor features open living/dining room with fireplace, French doors to the balcony, eat‑in kitchen, a full bath, and a spacious bedroom plus a primary suite on the next level
