Updated Duplex with Separate
753 1/2 Sullivant Avenue Columbus, OH 43222
For Sale
$210,000
Pending
Fully vacant duplex with two updated units, separate gas/electric metering, and sub-metered utilities through Guardian Water and Power.
Property Size1,512 SF
Days on Market190
Property Features for 753 1/2 Sullivant Avenue
General Information
- Standard status
- Pending
- Size
- 1,512 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing Agency:
Reafco
(614) 541-8475
Listed By:
Remington Lyman · License #2022001862
(614) 541-8475
Source:
Compass
Added: Jan 15
Changed: Jul 23
Last Checked: Jul 23 at 8:12AM
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 Reafco
Investment Insights
Based on property information with market context.
This fully vacant duplex includes two updated residential units with separate utilities throughout. The front unit offers 3 bedrooms and 1 bathroom with new flooring and fresh paint, plus new kitchen appliances and updated interior fixtures including a vanity. The rear unit provides 2 bedrooms and 1 bathroom with vinyl plank flooring throughout and fresh interior paint.
Gas and electric service are separately metered for the duplex, and the garage has its own electric service. Each dwelling unit is sub-metered through Guardian Water and Power, supporting straightforward utility management.
The property is configured as two independent rental units, each metered separately for gas and electric and with utility sub-metering in place for water and power.
Gas and electric service are separately metered for the duplex, and the garage has its own electric service. Each dwelling unit is sub-metered through Guardian Water and Power, supporting straightforward utility management.
The property is configured as two independent rental units, each metered separately for gas and electric and with utility sub-metering in place for water and power.
Key Highlights
- Fully vacant duplex with two updated units and separate gas/electric metering
- Front unit: 3 bedrooms, 1 bathroom with new flooring and fresh paint, plus new stove, refrigerator, light fixtures, and vanity
- Rear unit: 2 bedrooms, 1 bathroom with vinyl plank flooring and fresh interior paint
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 | $19.8k | $13.08 |
| − Vacancy | −$1.4k | −$0.92 |
| EGI | $18.4k | $12.16 |
| − OpEx | −$5.5k | −$3.65 |
| NOI | $12.9k | $8.52 |
1,512 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.9K
$160.9K – $214.6K
NOI $12,875 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$148.0K
$129.5K – $172.6K
NOI $10,357 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$315.1K
$275.7K – $367.6K
NOI $22,058 @ 7.0% cap · market cap 10.50%
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 vacant duplex with two updated units, separate gas/electric metering, and sub-metered utilities through Guardian Water and Power.
Where is this duplex located?
The property is located at 753 1/2 Sullivant Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Fully vacant duplex with two updated units and separate gas/electric metering; Front unit: 3 bedrooms, 1 bathroom with new flooring and fresh paint, plus new stove, refrigerator, light fixtures, and vanity; Rear unit: 2 bedrooms, 1 bathroom with vinyl plank flooring and fresh interior paint
