Updated Duplex with Fenced
New
For Sale
$245,000
657-659 S Burgess Ave, Columbus, OH 43204
Each residence has three bedrooms, one full bathroom, and central air conditioning.
Property Size2,136 SF
Price / SF$114.70
Days on Market2
Property Features for 657-659 S Burgess Ave
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Hilltop
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Individually Metered Utilities
water
Additional Details
Tenant in Place
Yes
Amenities
central air conditioning
updated kitchens
updated bathrooms
fully fenced backyard
Building Details
Year Built
1926
Listing Agency:
Branen Weade, Weade Realtors & Auctioneers
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:43AM
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 Branen Weade, Weade Realtors & Auctioneers
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Investment Insights
Based on property information with market context.
This 2,136-square-foot duplex, built in 1926, has two three-bedroom, one-bathroom units with central air conditioning, updated kitchens and bathrooms, and a fenced backyard. One unit is vacant; the other is occupied under a lease through January 27, 2027. Tenants pay their own utilities, and water is separately sub-metered.
Capital improvements include a roof installed in August 2026, furnaces replaced in 2023 and 2025, and water heaters replaced in 2023 and 2026. The occupied unit received a new AC unit in September 2026; the vacant unit has new vinyl windows from August 2026. Other work includes an electrical panel update, a sump pump, and a renovated front porch, all in 2023. The property is near Hilltop Library, parks, schools, and public transportation.
Capital improvements include a roof installed in August 2026, furnaces replaced in 2023 and 2025, and water heaters replaced in 2023 and 2026. The occupied unit received a new AC unit in September 2026; the vacant unit has new vinyl windows from August 2026. Other work includes an electrical panel update, a sump pump, and a renovated front porch, all in 2023. The property is near Hilltop Library, parks, schools, and public transportation.
Key Highlights
- Two‑unit duplex totaling 2,136 square feet; built in 1926
- Each unit has 3 bedrooms, 1 full bathroom, central air conditioning, and updated kitchens and bathrooms
- One unit is vacant; the other is leased through January 27, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,188
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,760
$363.8K
Cap Rate 7%
$259,829
$259.8K
Cap Rate 9%
$202,089
$202.1K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$27.9K $13.08/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$26.0K $12.16/SF
− OpEx
−$7.8K −$3.65/SF
NOI
$18.2K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,760
Cap Rate 7%
$259,829
Cap Rate 9%
$202,089
Alternative Uses
Best Use
Multifamily LT 5
$259.8K
$227.4K – $303.1K
NOI $18,188 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$209.0K
$182.9K – $243.9K
NOI $14,631 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$445.2K
$389.5K – $519.4K
NOI $31,161 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 43204, OH
42,315
Population
19,286
Households
2.2
Avg Household Size
35
Median Age
25%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
4,502
Density / Sq Mi
$59,158
Median Household Income
$38,610
Median Earnings
$1,206
Median Rent
$170,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, one full bathroom, and central air conditioning.
Where is this duplex located?
The property is located at 657-659 S Burgess Ave Columbus, OH.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,136 square feet; built in 1926; Each unit has 3 bedrooms, 1 full bathroom, central air conditioning, and updated kitchens and bathrooms; One unit is vacant; the other is leased through January 27, 2027
