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Spacious Duplex Investment Opportunity

1437 S High Street, Columbus, OH 43207

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For Sale

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Well-maintained duplex with steady income in desirable location.

Type:Multifamily

Property size:

2,760 SF

Price / SF:

$152/SF

HighLights

Turnkey Investment: Fully leased with reliable tenants, ensuring immediate rental income.
Strong Rental Income: Generating $1,285 and $1,325 per month, providing steady cash flow.
Two Spacious Units: Each unit features 3 bedrooms and 1,380 sq. ft. of living space.
Private Fenced Yards: Both units include private, fenced yards, enhancing tenant appeal.
Full Basements: Offering added storage or future potential for expansion.
Desirable Location: Easy access to local shops, parks, and public transit.

We can help!

Listing Contact

Emily Tarter

Learn more

For Sale

Contact for pricing

Well-maintained duplex with steady income in desirable location.

Type:Multifamily

Property size:

2,760 SF

Price / SF:

$152/SF

Added:: Jul 23, 2024
Days on Market:: 691
Last Refresh:: May 12 at 9:32 pm

Property Features for 1437 S High Street

General Information

Standard status: Active
Size: 2,760 SF
Property subtype: Multifamily

Building Details

Year Built: 1900

We can help!

Listing Contact

Emily Tarter

Listing agent Emily Tarter License #2022004929

Listing office Coldwell Banker Realty

Listing date Jul 23, 2024

Source Crexi

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 Coldwell Banker Realty

HighLights

Turnkey Investment: Fully leased with reliable tenants, ensuring immediate rental income.
Strong Rental Income: Generating $1,285 and $1,325 per month, providing steady cash flow.
Two Spacious Units: Each unit features 3 bedrooms and 1,380 sq. ft. of living space.
Private Fenced Yards: Both units include private, fenced yards, enhancing tenant appeal.
Full Basements: Offering added storage or future potential for expansion.
Desirable Location: Easy access to local shops, parks, and public transit.

Overview

This duplex presents an investment opportunity, featuring two units. Each unit includes 3 bedrooms, 1 bathroom, and 1,380 sq. ft. of living space. Both units have private, fenced yards and full basements. The property is currently generating rental income of $1,285 and $1,325 per month. The property is fully leased with tenants. The location provides access to local shops, parks, and public transit.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$48.0k	$17.40
− Vacancy	−$3.6k	−$1.31
EGI	$44.4k	$16.10
− OpEx	−$13.3k	−$4.83
NOI	$31.1k	$11.27

2,760 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$444.2K

$388.7K – $518.3K (±1% cap)

NOI $31,096 @ 7.0% cap · market cap 7.40%

Second Best

Apartment 5plus

$407.4K

$356.5K – $475.4K (±1% cap)

NOI $28,521 @ 7.0% cap · market cap 6.79%

Theoretical Best

Warehouse

$556.3K

$486.8K – $649.0K (±1% cap)

NOI $38,940 @ 7.0% cap · market cap 9.27%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Columbus
County: Delaware
State: Ohio
Longitude: -83.0065392
Latitude: 39.9916706

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For sale
Duplexes
OH
Columbus
43207
1437 S High Street

What type of property is this?

Duplex - Well-maintained duplex with steady income in desirable location.

Where is this duplex located?

The property is located at 1437 S High Street Columbus, OH.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: Turnkey Investment: Fully leased with reliable tenants, ensuring immediate rental income.; Strong Rental Income: Generating $1,285 and $1,325 per month, providing steady cash flow.; Two Spacious Units: Each unit features 3 bedrooms and 1,380 sq. ft. of living space.