Two-Unit Duplex with
For Sale
$226,000
710 Kelton Ave, Columbus, OH 43205
Residential property with wood floors, laundry hookups, porch areas, backyard space, and a garage with opener.
Property Size1,774 SF
Price / SF$127.40
Days on Market53
Property Features for 710 Kelton Ave
General Information
Standard status
Active
Size
1,774 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
front porch
sun porch
ceiling fans
glass block windows
backyard
laundry hookup
garage
Building Details
Year Built
1900
Listing Agency:
Austin Carpenter, Real Estate & Auction Services
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Aug 24
Changed: Oct 13
Last Checked: Oct 12 at 7:17PM
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 Austin Carpenter, Real Estate & Auction Services
Investment Insights
Based on property information with market context.
This two-unit duplex was built in 1900 and includes one bedroom and one bathroom in each residence. Wood flooring runs throughout both units, and each has a laundry hookup. The property also features a covered front porch, sun porch, ceiling fans, basement glass block windows, and a backyard. A 2.5 garage with opener provides additional on-site utility.
The upstairs residence is vacant and has A/C, while the first-floor unit is occupied and does not have A/C. The property is being offered in as-is condition, with updates identified in the listing documents.
The upstairs residence is vacant and has A/C, while the first-floor unit is occupied and does not have A/C. The property is being offered in as-is condition, with updates identified in the listing documents.
Key Highlights
- Duplex with two one‑bedroom, one‑bathroom units
- Upstairs unit is vacant and includes A/C
- First‑floor unit is occupied and does not have A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,106
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,120
$302.1K
Cap Rate 7%
$215,800
$215.8K
Cap Rate 9%
$167,844
$167.8K
Market Conditions
NOI Build-Up for 1,774 SF
Gross rent
$23.2K $13.08/SF
− Vacancy
−$1.6K −$0.92/SF
EGI
$21.6K $12.16/SF
− OpEx
−$6.5K −$3.65/SF
NOI
$15.1K $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%
$302,120
Cap Rate 7%
$215,800
Cap Rate 9%
$167,844
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.8K – $251.8K
NOI $15,106 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$173.6K
$151.9K – $202.5K
NOI $12,152 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$369.7K
$323.5K – $431.3K
NOI $25,880 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
688
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential property with wood floors, laundry hookups, porch areas, backyard space, and a garage with opener.
Where is this duplex located?
The property is located at 710 Kelton Ave Columbus, OH.
What is the asking price?
The asking price for this property is $226,000.
What are key features of this property?
This property features: Duplex with two one‑bedroom, one‑bathroom units; Upstairs unit is vacant and includes A/C; First‑floor unit is occupied and does not have A/C
