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    Turnkey Duplex Investment Opportunity

    443 S Wayne Avenue Columbus, OH 43204

    Picture of Duplexes at 443 S Wayne Avenue, Columbus, OH
    443 S Wayne Avenue, Columbus, OH, 43204
    $284,500
    For Sale
    Claim this Listing
    $284,500

    MULTI_FAMILY - Columbus, OH

    Property Size2,240 SF
    Lot Size0.18 Acres
    Price / SF$127.01
    AddedMay 21
    Days on Market57
    Last RefreshJul 16 at 2:06 pm

    Property Features for 443 S Wayne Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Rooms
    Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 4
    Parking
    4
    Standard status
    Active
    APN
    010-015890
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2285

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Private

    Building Details

    Year built
    1923
    Number of units
    2

    Listing agent Tonda Brown License #279097

    Listing office e-Merge Real Estate 12910 Stonecreek Dr., Pickerington, OH

    Listing date May 21, 2026

    MLS# 226018121 Listing URL

    Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This is a turnkey duplex investment opportunity located in Columbus, OH 43204. Constructed in 1923, the property features a classic layout. The building contains two identical units, each offering 2 bedrooms and 1 full bath. The total area of the property is 2,240 square feet, situated on a lot of 0.18 acres. Both units are fully occupied and generate a total monthly income of $3,200. Each unit is rented for $1,600 per month. The income is secured by government housing assistance programs, providing a reliable revenue stream. The property's established tenancy and operational history make it suitable for investors looking to scale their portfolio. Active income begins immediately upon closing.

    Key Highlights

    • Duplex with 2 identical units, each featuring 2 bedrooms and 1 full bath
    • 2,240 total SF; both sides are currently rented at $1,600/month each
    • Rents reported as supported by government housing assistance programs

    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 $29.3k $13.08
    − Vacancy −$2.1k −$0.92
    EGI $27.2k $12.16
    − OpEx −$8.2k −$3.65
    NOI $19.1k $8.52
    2,240 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $272.5K
    $238.4K – $317.9K (±1% cap)
    NOI $19,074 @ 7.0% cap · market cap 6.70%
    Second Best
    Apartment 5plus
    $219.2K
    $191.8K – $255.7K (±1% cap)
    NOI $15,344 @ 7.0% cap · market cap 5.39%
    Theoretical Best
    Office A
    $466.8K
    $408.5K – $544.6K (±1% cap)
    NOI $32,678 @ 7.0% cap · market cap 11.49%
    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

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Parking Lot & Garage Nail Salon Skin Care Clinic Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Duplex in Columbus, OH with immediate cash flow.
    Where is this duplex located?
    The property is located at 443 S Wayne Avenue Columbus, OH.
    What is the asking price?
    The asking price for this property is $284,500.
    What are key features of this property?
    This property features: Duplex with 2 identical units, each featuring 2 bedrooms and 1 full bath; 2,240 total SF; both sides are currently rented at $1,600/month each; Rents reported as supported by government housing assistance programs
    Contact an agent
    (614) 580-8500
    We can help!
    Contact an agent
    Tonda Brown
    Tonda Brown
    Real Estate License ID: 279097
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