Up-and-Down Duplex with Two
51 South Ogden Avenue Columbus, OH 43204
51 South Ogden Avenue, Columbus, OH, 43204
$159,900
Pending
For Sale
$159,900
Pending
Two-bedroom, one-bath units with one rental in place and one vacant for immediate move-in planning.
Property Size1,678 SF
Days on Market214
Property Features for 51 South Ogden Avenue
General Information
- Standard status
- Pending
- Size
- 1,678 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1913
Listing agency
Rich Russo Realty & Co.
(614) 937-8699
Listed by
Richard Russo · License #0700427811
(614) 937-8699
Source
Compass
Added: Dec 19, 2025 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 8:21AM
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 Rich Russo Realty & Co.
Investment Insights
Based on property information with market context.
This up-and-down duplex offers two separate residential units, each configured with a 2-bedroom, 1-bath layout. The home is set up for straightforward day-to-day living with well-proportioned living spaces and abundant natural light described for the units. The lower unit is currently rented at $1,014 per month plus utilities through 8/31/26, providing an existing tenancy for ongoing occupancy. The upper unit is vacant and described as move-in ready.
The property is located at 51 South Ogden Avenue in Columbus, OH 43204. As an owner-occupant or investor setup, the duplex arrangement allows you to separate usage between the two levels while maintaining a single property management footprint.
For tenants or buyers looking for flexibility, this configuration supports living in one unit while collecting rent from the other. The fact that the upper unit is vacant can simplify timing for an owner-occupant, while the current lease on the lower unit provides near-term rental continuity through 8/31/26. This makes the property well-suited to those who want a duplex with a clear split between an in-place rental and immediate occupancy options.
The property is located at 51 South Ogden Avenue in Columbus, OH 43204. As an owner-occupant or investor setup, the duplex arrangement allows you to separate usage between the two levels while maintaining a single property management footprint.
For tenants or buyers looking for flexibility, this configuration supports living in one unit while collecting rent from the other. The fact that the upper unit is vacant can simplify timing for an owner-occupant, while the current lease on the lower unit provides near-term rental continuity through 8/31/26. This makes the property well-suited to those who want a duplex with a clear split between an in-place rental and immediate occupancy options.
Key Highlights
- 1913‑built up‑and‑down duplex with two 2‑bedroom, 1‑bath units
- Lower unit is rented for $1,014/month plus utilities through 8/31/26
- Upper unit is vacant and move‑in ready for immediate occupancy or planning
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 | $21.9k | $13.08 |
| − Vacancy | −$1.5k | −$0.92 |
| EGI | $20.4k | $12.16 |
| − OpEx | −$6.1k | −$3.65 |
| NOI | $14.3k | $8.52 |
1,678 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.1K
$178.6K – $238.1K
NOI $14,288 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$164.2K
$143.7K – $191.6K
NOI $11,494 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$349.7K
$306.0K – $408.0K
NOI $24,479 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-bedroom, one-bath units with one rental in place and one vacant for immediate move-in planning.
Where is this duplex located?
The property is located at 51 South Ogden Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 1913‑built up‑and‑down duplex with two 2‑bedroom, 1‑bath units; Lower unit is rented for $1,014/month plus utilities through 8/31/26; Upper unit is vacant and move‑in ready for immediate occupancy or planning
