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Updated Duplex with Two-Car Garage
For Sale
$195,000

505507 505-507 Catherine St, Columbus, OH 43223

Two tenant-occupied units include separate utilities, full basements, and distinct living areas across two levels.

Property SizeContact for details
Days on Market33

Property Features for 505507 505-507 Catherine St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family
Occupancy 100%

Financials

Gross Income $25,224
Average Monthly Rent $1,051

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Building Details

Year Built 1928
Buildings 1
Listing Agency: Reafco
Listed By: Remington Lyman · License #2022001862
Source: Kwcore
Added: Jul 30 Changed: Aug 29 Last Checked: Aug 30 at 7:07PM

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 duplex at 505-507 Catherine St. contains two 2-bedroom, 1-bath units, each arranged with a living room and kitchen on the main floor and two bedrooms plus a full bathroom upstairs. Both apartments also include full basements, and the property has a detached 2-car garage. Built in 1928, the building has received several recent improvements, including a new furnace and ductwork serving Unit 505, additional ductwork at Unit 507, newer water heaters, exterior painting, and landscaping work. Unit 505 further features fresh interior paint, luxury vinyl plank flooring, and quartz countertops.

Both units are currently occupied. Each apartment has separate utilities; tenants pay gas and electric, while the owner covers water. The property is located in Columbus, OH, within the 43223 ZIP code. Repairs identified during prior buyer inspections have been addressed and corrected.

Key Highlights

  • Two 2‑bedroom, 1‑bath units with separate utilities
  • Full basements included with both apartments
  • Detached 2‑car garage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

418
Businesses Nearby

Demographics for 43223, OH

27,951
Population
10,662
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
77%
High-School Grad
10.0 sq mi
ZIP Area
2,795
Density / Sq Mi
$45,902
Median Household Income
$32,509
Median Earnings
$1,063
Median Rent
$113,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two tenant-occupied units include separate utilities, full basements, and distinct living areas across two levels.
Where is this duplex located?
The property is located at 505507 505-507 Catherine St 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: Two 2‑bedroom, 1‑bath units with separate utilities; Full basements included with both apartments; Detached 2‑car garage
More about this property
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