Turnkey Duplex With Two
637 South Wheatland Avenue Unit 639 Columbus, OH 43204
For Sale
$215,000
Pending
Fully occupied duplex with recent roof and HVAC-related updates, offering two 2-bedroom, 1-bath units.
Property Size1,680 SF
Days on Market159
Property Features for 637 South Wheatland Avenue Unit 639
General Information
- Standard status
- Pending
- Size
- 1,680 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1950
Listing Agency:
Sell For One Percent
(614) 493-8541
Listed By:
Jaime Barlow · License #2018005230
(614) 493-8541
Source:
Compass
Added: Feb 15
Changed: Jul 23
Last Checked: Jul 23 at 8:13AM
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 Sell For One Percent
Investment Insights
Based on property information with market context.
This turnkey duplex features two units that are fully occupied and positioned for long-term stability. Each side offers two bedrooms, one full bathroom, and a generous kitchen layout. Recent improvements include a new roof installed in April 2024, along with a new hot water heater in one unit and a new furnace in the other, helping reduce near-term maintenance needs.
The property is located at 637 South Wheatland Avenue, Unit 639, in Columbus, Ohio 43204. It presents a practical, ready-to-manage residential income option for buyers seeking immediate occupancy within a straightforward duplex configuration.
The property is located at 637 South Wheatland Avenue, Unit 639, in Columbus, Ohio 43204. It presents a practical, ready-to-manage residential income option for buyers seeking immediate occupancy within a straightforward duplex configuration.
Key Highlights
- Fully occupied duplex with 2 two‑bedroom, 1‑bath units
- Recent roof installed in April 2024
- Gas forced‑air heating; cooling provided by window unit(s)
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 | $22.0k | $13.08 |
| − Vacancy | −$1.5k | −$0.92 |
| EGI | $20.4k | $12.16 |
| − OpEx | −$6.1k | −$3.65 |
| NOI | $14.3k | $8.52 |
1,680 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.4K
$178.8K – $238.4K
NOI $14,305 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$164.4K
$143.9K – $191.8K
NOI $11,508 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$350.1K
$306.4K – $408.5K
NOI $24,508 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied duplex with recent roof and HVAC-related updates, offering two 2-bedroom, 1-bath units.
Where is this duplex located?
The property is located at 637 South Wheatland Avenue Unit 639 Columbus, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Fully occupied duplex with 2 two‑bedroom, 1‑bath units; Recent roof installed in April 2024; Gas forced‑air heating; cooling provided by window unit(s)
