Spacious Duplex Investment
1437 S High Street Columbus, OH 43207
For Sale
Contact for pricing
Well-maintained duplex with steady income in desirable location.
Property Size2,760 SF
Price / SF$152.17
Days on Market737
Property Features for 1437 S High Street
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Multifamily
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Emily Tarter · License #2022004929
Source:
Crexi
Added: Jul 23, 2024
Changed: Jul 10
Last Checked: Jul 28 at 10:17AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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
NOI $31,096 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$407.4K
$356.5K – $475.4K
NOI $28,521 @ 7.0% cap · market cap 6.79%
Theoretical Best
Warehouse
$556.3K
$486.8K – $649.0K
NOI $38,940 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
