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Columbus Duplex: Investor Opportunity

2741-274 Steele Avenue Columbus, OH 43204

2741-274 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

AddedMay 13

Days on Market65

Last RefreshJul 16 at 6:37 am

Property Features for 2741-274 Steele Avenue

General Information

Standard status: Active
Size: 2,128 SF
Property subtype: Multi-Family / Duplex

Building Details

Year Built: 1930

Listing office Dream Living LLC

Listing date May 13, 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 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

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 (±1% cap)

NOI $18,120 @ 7.0% cap · market cap 7.55%

Second Best

Apartment 5plus

$208.2K

$182.2K – $242.9K (±1% cap)

NOI $14,576 @ 7.0% cap · market cap 6.07%

Theoretical Best

Office A

$443.5K

$388.1K – $517.4K (±1% cap)

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

Suggested Use

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For sale
Duplexes
OH
Columbus
43204
2741-2743 Steele Avenue

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 2741-274 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.