Renovated Duplex with In-Place
730-732 Oakwood Avenue Columbus, OH 43205
730-732 Oakwood Avenue, Columbus, OH, 43205
$429,900
For Sale
$429,900
Fully renovated in 2024 duplex with both units leased through 2027.
Property Size2,464 SF
Price / SF$174.47
Days on Market95
Property Features for 730-732 Oakwood Avenue
General Information
- Standard status
- Active
- Size
- 2,464 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing agency
Lim Realty Group
(614) 531-5455
Listed by
Austin E Steed · License #2016002609
(614) 531-5455
Source
Compass
Added: Apr 20 Updated: Jul 22 at 4:41PM Checked: Jul 22 at 4:41PM
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 Lim Realty Group
Investment Insights
Based on property information with market context.
This fully renovated duplex was updated in 2024 and is presented as a turnkey investment with both units currently leased through 2027. The renovation includes extensive new mechanicals and interior improvements, featuring updated electrical, plumbing, flooring, paint, kitchens, and bathrooms.
The property is located in the historic Old Oaks neighborhood of Columbus, Ohio. The seller notes the units are stabilized with in-place tenants and provides a combined monthly income figure of $2,890.
For buyers seeking a low-maintenance, updated duplex, this offering is presented with “curb offers only,” indicating purchase inquiries should be submitted directly by curb offer.
The property is located in the historic Old Oaks neighborhood of Columbus, Ohio. The seller notes the units are stabilized with in-place tenants and provides a combined monthly income figure of $2,890.
For buyers seeking a low-maintenance, updated duplex, this offering is presented with “curb offers only,” indicating purchase inquiries should be submitted directly by curb offer.
Key Highlights
- Fully renovated duplex in 2024 with both units leased through 2027
- Combined monthly income of $2,890 with tenants already in place
- Extensive 2024 updates including new mechanicals, electrical, plumbing, flooring, paint, kitchens, and 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 | $32.2k | $13.08 |
| − Vacancy | −$2.3k | −$0.92 |
| EGI | $30.0k | $12.16 |
| − OpEx | −$9.0k | −$3.65 |
| NOI | $21.0k | $8.52 |
2,464 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.7K
$262.3K – $349.7K
NOI $20,981 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$241.1K
$211.0K – $281.3K
NOI $16,878 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$513.5K
$449.3K – $599.1K
NOI $35,946 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully renovated in 2024 duplex with both units leased through 2027.
Where is this duplex located?
The property is located at 730-732 Oakwood Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Fully renovated duplex in 2024 with both units leased through 2027; Combined monthly income of $2,890 with tenants already in place; Extensive 2024 updates including new mechanicals, electrical, plumbing, flooring, paint, kitchens, and bathrooms
