Sullivant Avenue Investment
2715 Sullivant Avenue Columbus, OH 43204
2715 Sullivant Avenue, Columbus, OH, 43204
$174,999
For Sale
$174,999
Well-maintained duplex with income potential on Sullivant Avenue.
Property Size2,064 SF
Price / SF$84.79
Days on Market201
Property Features for 2715 Sullivant Avenue
General Information
- Standard status
- Active
- Size
- 2,064 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1923
Listing Agency
Red 1 Realty
(614) 600-0126
Listed by
DJ McGrew · License #2020006666
(614) 600-0126
Source
Compass
Added: Dec 27, 2025 Checked: Jul 15 at 10:22 pm
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 Red 1 Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex-style multi-family property is located on Sullivant Avenue. Both units feature 2 bedrooms and 1 full bathroom. The upper unit (2715 ½) is currently rented month to month for $1,150 per month, plus $50 for water, with tenants paying all other utilities. The lower unit (2715) is listed for rent at $1,350 per month, plus $50 per adult for water. The property has had recent upgrades, including a new roof and gutters installed in 2021, as well as recent appliance and mechanical system updates. The furnace was replaced in 2021, and the AC was replaced in 2022. The upper and lower units are designed for privacy and functionality. The property size is 2064 square feet. This income-producing property offers a combination of reliability, convenience, and long-term value.
Key Highlights
- Income‑producing duplex with one unit currently rented at $1,150/month + $50 for water, offering immediate cash flow.
- Lower unit available for rent, presenting an opportunity to set market rent (listed at $1,350/month + $50 per adult for water).
- Recent upgrades including a new roof and gutters (2021), furnace (2021), and AC (2022) minimize potential maintenance costs.
Local Financial Insights For Apartment 5plus
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 | $27.5k | $13.32 |
| − Vacancy | −$1.8k | −$0.87 |
| EGI | $25.7k | $12.45 |
| − OpEx | −$11.6k | −$5.60 |
| NOI | $14.1k | $6.85 |
2,064 SF · lease $13.32/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$251.1K
$219.7K – $292.9K
NOI $17,575 @ 7.0% cap · market cap 10.04%
Second Best
Apartment 5plus
$202.0K
$176.7K – $235.6K
NOI $14,138 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$430.1K
$376.4K – $501.8K
NOI $30,110 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with income potential on Sullivant Avenue.
Where is this duplex located?
The property is located at 2715 Sullivant Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $174,999.
What are key features of this property?
This property features: Income‑producing duplex with one unit currently rented at $1,150/month + $50 for water, offering immediate cash flow.; Lower unit available for rent, presenting an opportunity to set market rent (listed at $1,350/month + $50 per adult for water).; Recent upgrades including a **new roof and gutters (2021), furnace (2021), and AC (2022)** minimize potential maintenance costs.
