Residential Duplex Income
28-30 North Warren Avenue Columbus, OH 43204
28-30 North Warren Avenue, Columbus, OH, 43204
$239,000
For Sale
$239,000
Duplex with new roof and 2023 window and screen replacements, featuring one long-term tenant and one vacant unit for viewing.
Property Size2,250 SF
Price / SF$106.22
Days on Market82
Property Features for 28-30 North Warren Avenue
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1920
Listing agency
Unique Realty Consultants
(614) 725-5609
Listed by
William L Weygandt · License #218322
(614) 725-5609
Source
Compass
Added: May 2 Updated: Jul 21 at 9:09PM Checked: Jul 21 at 9:09PM
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 Unique Realty Consultants
Investment Insights
Based on property information with market context.
This duplex offers two units with several major exterior updates completed in 2023, including new windows and screens and exterior wood vinyl covered under the Cols Lead Free program. A new roof was also installed in 2023. Unit 28 is occupied by long-term tenants on a month-to-month basis, while Unit 30 is currently left vacant for viewing.
The seller notes that both units could potentially rent for higher amounts. Unit 28 can be viewed once under contract.
The property is offered for sale as a residential income duplex at 28–30 North Warren Avenue in Columbus, Ohio.
The seller notes that both units could potentially rent for higher amounts. Unit 28 can be viewed once under contract.
The property is offered for sale as a residential income duplex at 28–30 North Warren Avenue in Columbus, Ohio.
Key Highlights
- Duplex with forced air gas heating
- New roof installed in 2023
- All new windows and screens installed in 2023 (Cols Lead Free) with exterior wood vinyl covered under the same program
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 | $29.4k | $13.08 |
| − Vacancy | −$2.1k | −$0.92 |
| EGI | $27.4k | $12.16 |
| − OpEx | −$8.2k | −$3.65 |
| NOI | $19.2k | $8.52 |
2,250 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.7K
$239.5K – $319.3K
NOI $19,159 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,412 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$468.9K
$410.3K – $547.1K
NOI $32,824 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with new roof and 2023 window and screen replacements, featuring one long-term tenant and one vacant unit for viewing.
Where is this duplex located?
The property is located at 28-30 North Warren Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Duplex with forced air gas heating; New roof installed in 2023; All new windows and screens installed in 2023 (Cols Lead Free) with exterior wood vinyl covered under the same program
