Renovated Duplex Income
787-789 Whitethorne Avenue Columbus, OH 43223
787-789 Whitethorne Avenue, Columbus, OH, 43223
$224,900
For Sale
$224,900
Renovated duplex with updated windows, kitchens, plumbing, electric, and HVAC throughout.
Property Size1,984 SF
Price / SF$113.36
Days on Market10
Property Features for 787-789 Whitethorne Avenue
General Information
- Standard status
- Active
- Size
- 1,984 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1955
Listing agency
e-Merge Real Estate
(614) 595-1908
Listed by
Kyle D Cumming · License #2016006358
(614) 595-1908
Source
Compass
Added: Jul 13 Updated: Jul 21 at 1:02PM Checked: Jul 22 at 8:28AM
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 e-Merge Real Estate
Investment Insights
Based on property information with market context.
This renovated duplex investment property has been substantially updated, including new windows, fresh paint, new floors, and refreshed kitchens and bathrooms. The whole building also received new plumbing, electrical systems, and HVAC, providing a modernized base for residential income.
The offering is listed for sale at 787-789 Whitethorne Avenue in Columbus, Ohio 43223. Please note that no showings are available prior to an accepted offer.
The property is configured as a duplex, providing two residential units within a single building.
The offering is listed for sale at 787-789 Whitethorne Avenue in Columbus, Ohio 43223. Please note that no showings are available prior to an accepted offer.
The property is configured as a duplex, providing two residential units within a single building.
Key Highlights
- Renovated duplex with central air and forced‑air electric heat
- Updates include new windows, paint, floors, and refreshed bathrooms
- Whole building renovated with new plumbing, electric, and HVAC
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 | $26.0k | $13.08 |
| − Vacancy | −$1.8k | −$0.92 |
| EGI | $24.1k | $12.16 |
| − OpEx | −$7.2k | −$3.65 |
| NOI | $16.9k | $8.52 |
1,984 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.3K
$211.2K – $281.6K
NOI $16,894 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$194.1K
$169.9K – $226.5K
NOI $13,590 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$413.5K
$361.8K – $482.4K
NOI $28,943 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex with updated windows, kitchens, plumbing, electric, and HVAC throughout.
Where is this duplex located?
The property is located at 787-789 Whitethorne Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Renovated duplex with central air and forced‑air electric heat; Updates include new windows, paint, floors, and refreshed bathrooms; Whole building renovated with new plumbing, electric, and HVAC
