Turnkey Rented Duplex
358-360 East Markison Avenue Columbus, OH 43207
358-360 East Markison Avenue, Columbus, OH, 43207
$430,000
For Sale
$430,000
Fully leased duplex with two-car garage, fenced yard, and first-floor laundry in renovated, low-maintenance condition.
Property Size2,550 SF
Price / SF$168.63
Days on Market99
Property Features for 358-360 East Markison Avenue
General Information
- Standard status
- Active
- Size
- 2,550 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1895
Listing agency
EXP Realty, LLC
(614) 226-1039
Listed by
Rhiannon M Ferrari · License #2009003178
(614) 226-1039
Source
Compass
Added: Apr 15 Updated: Jul 6 at 2:37PM Checked: Jul 21 at 6:25AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This turnkey duplex offers two fully leased units configured with three bedrooms each, including a finished third-floor attic space for added living flexibility. The property has been renovated and features durable solid surface flooring throughout, with no carpet. Each unit includes convenient first-floor laundry, and the 360 side includes 1.5 baths. Outside, the duplex provides a fenced-in yard and a two-car garage, supporting tenant convenience with off-street parking.
The property is located in Merion Village, just seconds from High Street, Schiller Park, and German Village. The listing indicates strong day-to-day walkable access to area amenities and neighborhood destinations.
For buyers seeking a stabilized, ready-to-manage residential income property, this duplex is positioned for straightforward operations with both sides currently leased through the noted lease terms. The unit mix, first-floor laundry, and low-maintenance flooring can help simplify resident turnover and routine upkeep, while the fenced yard and garage support tenant appeal and practical day-to-day living.
The property is located in Merion Village, just seconds from High Street, Schiller Park, and German Village. The listing indicates strong day-to-day walkable access to area amenities and neighborhood destinations.
For buyers seeking a stabilized, ready-to-manage residential income property, this duplex is positioned for straightforward operations with both sides currently leased through the noted lease terms. The unit mix, first-floor laundry, and low-maintenance flooring can help simplify resident turnover and routine upkeep, while the fenced yard and garage support tenant appeal and practical day-to-day living.
Key Highlights
- Duplex built in 1895 with both sides fully leased through Sept 2026 and July 2027
- Leases in place for $1,600 and $1,450 per month
- Each unit features 3 bedrooms, including a finished third‑floor attic space on the 3rd floor
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 | $44.4k | $17.40 |
| − Vacancy | −$3.3k | −$1.31 |
| EGI | $41.0k | $16.10 |
| − OpEx | −$12.3k | −$4.83 |
| NOI | $28.7k | $11.27 |
2,550 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$410.4K
$359.1K – $478.8K
NOI $28,730 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$376.4K
$329.4K – $439.2K
NOI $26,351 @ 7.0% cap · market cap 6.13%
Theoretical Best
Warehouse
$514.0K
$449.7K – $599.6K
NOI $35,977 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully leased duplex with two-car garage, fenced yard, and first-floor laundry in renovated, low-maintenance condition.
Where is this duplex located?
The property is located at 358-360 East Markison Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Duplex built in 1895 with both sides fully leased through Sept 2026 and July 2027; Leases in place for $1,600 and $1,450 per month; Each unit features 3 bedrooms, including a finished third‑floor attic space on the 3rd floor
