Updated Duplex with Off-Street
406 South Hague Avenue Columbus, OH 43204
406 South Hague Avenue, Columbus, OH, 43204
$195,000
For Sale
$195,000
Move-in ready duplex with two vacant 2-bedroom, 1-bath units, each with separate gas, water, and electric meters.
Property Size1,836 SF
Price / SF$106.21
Days on Market313
Property Features for 406 South Hague Avenue
General Information
- Standard status
- Active
- Size
- 1,836 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1920
Listing agency
Reafco
(614) 963-3340
Listed by
Brandon Goldsmith · License #2020000644
(614) 963-3340
Source
Compass
Added: Sep 14, 2025 Updated: Jul 22 at 4:53PM Checked: Jul 22 at 4:53PM
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 Reafco
Investment Insights
Based on property information with market context.
This updated, move-in ready duplex includes two vacant 2-bedroom, 1-bath units. Each unit is separately metered for gas, water, and electric, supporting independent utility billing. Off-street parking is available along the side and rear of the property.
The duplex is located on a quiet street near the Westgate neighborhood, with convenient access to public transportation, shopping, and schools.
Both units are ready for a tenant or for an owner-occupant, offering a straightforward two-unit setup for residential income use.
The duplex is located on a quiet street near the Westgate neighborhood, with convenient access to public transportation, shopping, and schools.
Both units are ready for a tenant or for an owner-occupant, offering a straightforward two-unit setup for residential income use.
Key Highlights
- Updated, move‑in ready duplex built in 1920
- Two vacant units: each unit offers 2 bedrooms and 1 bathroom
- Each unit has separate gas, water, and electric meters
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 | $24.0k | $13.08 |
| − Vacancy | −$1.7k | −$0.92 |
| EGI | $22.3k | $12.16 |
| − OpEx | −$6.7k | −$3.65 |
| NOI | $15.6k | $8.52 |
1,836 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$223.3K
$195.4K – $260.6K
NOI $15,634 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$179.7K
$157.2K – $209.6K
NOI $12,576 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$382.6K
$334.8K – $446.4K
NOI $26,784 @ 7.0% cap · market cap 13.74%
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 - Move-in ready duplex with two vacant 2-bedroom, 1-bath units, each with separate gas, water, and electric meters.
Where is this duplex located?
The property is located at 406 South Hague Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Updated, move‑in ready duplex built in 1920; Two vacant units: each unit offers 2 bedrooms and 1 bathroom; Each unit has separate gas, water, and electric meters
