Ranch Duplex with Finished
659-661 South Champion Avenue Columbus, OH 43205
659-661 South Champion Avenue, Columbus, OH, 43205
$439,500
Pending
For Sale
$439,500
Pending
Two separate 2-bedroom units with finished basements and a 3-car garage, suited to flexible owner-occupant or investor strategies.
Property Size2,764 SF
Days on Market56
Property Features for 659-661 South Champion Avenue
General Information
- Standard status
- Pending
- Size
- 2,764 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1964
Listing agency
MODERN OHIO REALTY
(614) 571-2314
Listed by
David E Tweet · License #2017000756
(614) 571-2314
Source
Compass
Added: May 29 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 10:25AM
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 MODERN OHIO REALTY
Investment Insights
Based on property information with market context.
This ranch double features two units, each with finished basements. Unit 659 includes 2 bedrooms and 1.5 bathrooms, while unit 661 includes 2 bedrooms and 1 bathroom. The property is presented as two separate sides for shows, and the interior photos and floorplan provided are for the 659 side. A 3-car garage and a covered back porch are part of the improvements, and there is a huge fenced yard.
The property is located in the historic Old Oaks neighborhood of Columbus, Ohio, at 659–661 South Champion Avenue. The 659 side is available for showings per the remarks, with the 661 side noted as vacant for showings.
The layout can fit different ownership approaches, including an owner occupant living in one unit while the other unit provides rental support, or a house-hacker scenario where buyers can have their own separate home on its own parcel. Investors may also consider the current gross rents figure cited in the remarks for 2025. With the flexible two-side configuration, the duplex is designed to support practical, income-oriented use or multi-home occupancy within one property.
The property is located in the historic Old Oaks neighborhood of Columbus, Ohio, at 659–661 South Champion Avenue. The 659 side is available for showings per the remarks, with the 661 side noted as vacant for showings.
The layout can fit different ownership approaches, including an owner occupant living in one unit while the other unit provides rental support, or a house-hacker scenario where buyers can have their own separate home on its own parcel. Investors may also consider the current gross rents figure cited in the remarks for 2025. With the flexible two-side configuration, the duplex is designed to support practical, income-oriented use or multi-home occupancy within one property.
Key Highlights
- Ranch double on separate parcels in the historic Old Oaks neighborhood, offering two 2‑bedroom units (659 and 661).
- Each side has finished basements; 1350+ SF per side, with interior photos and floorplan provided for the 659 side.
- 659 unit: 2 bedrooms and 1.5 bathrooms.
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 | $36.2k | $13.08 |
| − Vacancy | −$2.5k | −$0.92 |
| EGI | $33.6k | $12.16 |
| − OpEx | −$10.1k | −$3.65 |
| NOI | $23.5k | $8.52 |
2,764 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.2K
$294.2K – $392.3K
NOI $23,536 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$270.5K
$236.7K – $315.6K
NOI $18,933 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$576.0K
$504.0K – $672.0K
NOI $40,322 @ 7.0% cap · market cap 9.17%
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 separate 2-bedroom units with finished basements and a 3-car garage, suited to flexible owner-occupant or investor strategies.
Where is this duplex located?
The property is located at 659-661 South Champion Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $439,500.
What are key features of this property?
This property features: Ranch double on separate parcels in the historic Old Oaks neighborhood, offering two 2‑bedroom units (659 and 661).; Each side has finished basements; 1350+ SF per side, with interior photos and floorplan provided for the 659 side.; 659 unit: 2 bedrooms and 1.5 bathrooms.
