Building Details

Year Built 1900

Units 2

Tenancy Multi

Listing Agency: Red 1 Realty

Listed By: Zeke Liston · License #2019005269 Show Phone

Source: Crexi

Added: Mar 30 Changed: Aug 8 Last Checked: Jul 24 at 12:41PM

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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 Red 1 Realty

Investment Insights

Based on property information with market context.

This fully tax-abated brick duplex offers two residential units, each featuring three bedrooms and one bathroom. Both units include full basements for added storage, and each has a fenced-in backyard area for tenant use. Unit 529 is currently rented on a month-to-month lease at $1,296 per month, providing flexibility for an owner-occupant or future rent management. Unit 531 is leased at $1,310 per month plus a $65 monthly water fee through May 30, 2026, with tenants responsible for gas and electric.

The property is positioned for convenient access to Nationwide Children’s Hospital, Franklin Park Conservatory and Botanical Gardens, and downtown Columbus, supported by a range of nearby amenities.

Key exterior and mechanical improvements include furnaces and central AC units replaced in 2021, a new roof installed in 2023, front concrete steps replaced in 2023, rear porches replaced in 2021, and a new fence installed in 2021. Pictures were taken prior to tenant move-in and do not reflect the newly replaced back porches.

Key Highlights

• Fully tax‑abated brick duplex with two 3‑bedroom, 1‑bath units, each with a full basement and fenced backyard space
• Unit 529 rented at $1,296/month on a month‑to‑month lease, offering flexibility for an owner‑occupant or rent optimization
• Unit 531 leased at $1,310/month plus a $65/month water fee through May 30, 2026; tenants pay gas and electric

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Law Firm Kitchen & Bath Showroom Building Supply Home Appliance Store

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

Multi-tenant

Tenancy

Turnkey business

Opportunity

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

764

Businesses Nearby

Explore this area Business Placement

Demographics for 43205, OH

12,044

Population

7,303

Households

1.6

Avg Household Size

35

Median Age

41%

College-Educated

89%

High-School Grad

2.4 sq mi

ZIP Area

5,018

Density / Sq Mi

$54,214

Median Household Income

$41,219

Median Earnings

$1,050

Median Rent

$290,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Fully tax-abated brick duplex with two three-bedroom units, each with a full basement and fenced backyard space.

Where is this duplex located?

The property is located at 529-531 Kelton Avenue Columbus, OH.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Fully tax‑abated brick duplex with two 3‑bedroom, 1‑bath units, each with a full basement and fenced backyard space; Unit 529 rented at $1,296/month on a month‑to‑month lease, offering flexibility for an owner‑occupant or rent optimization; Unit 531 leased at $1,310/month plus a $65/month water fee through May 30, 2026; tenants pay gas and electric