Columbus Duplex: Investor
2741-2743 Steele Avenue Columbus, OH 43204
2741-2743 Steele Avenue, Columbus, OH, 43204
$239,950
For Sale
$239,950
Fully rented duplex in Columbus with strong income potential.
Property Size2,128 SF
Price / SF$112.76
Days on Market71
Property Features for 2741-2743 Steele Avenue
General Information
- Standard status
- Active
- Size
- 2,128 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1930
Listing agency
Dream Living LLC
(614) 342-0665
Listed by
Amalea Harding · License #2016005529
(614) 342-0665
Source
Compass
Added: May 13 Updated: Jul 10 at 1:42PM Checked: Jul 22 at 9:56AM
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.
This fully rented duplex in Columbus presents a solid investment opportunity with cash flow potential. Each side of the duplex features three bedrooms and one bathroom. Each unit includes washer and dryer hookups, a refrigerator, and a stove/oven. Ceiling fans are installed in every room. The property is 100% occupied, generating a yearly gross income of $23,484. Recent upgrades include a new roof, a new furnace on one side, and new water heaters. The property size is 2128 square feet.
Key Highlights
- Great cash flow/passive income potential with a yearly gross income of $23,484.
- Fully rented, 100% occupied.
- Each unit has 3 beds and 1 bath with washer/dryer hookups, fridge, and stove/oven.
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 | $27.8k | $13.08 |
| − Vacancy | −$1.9k | −$0.92 |
| EGI | $25.9k | $12.16 |
| − OpEx | −$7.8k | −$3.65 |
| NOI | $18.1k | $8.52 |
2,128 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.9K
$226.5K – $302.0K
NOI $18,120 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$208.2K
$182.2K – $242.9K
NOI $14,576 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$443.5K
$388.1K – $517.4K
NOI $31,044 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully rented duplex in Columbus with strong income potential.
Where is this duplex located?
The property is located at 2741-2743 Steele Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $239,950.
What are key features of this property?
This property features: Great cash flow/passive income potential with a yearly gross income of $23,484.; Fully rented, 100% occupied.; Each unit has 3 beds and 1 bath with washer/dryer hookups, fridge, and stove/oven.
