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    1786-1788 Rich St Columbus, OH 43205

    For Sale
    $420,000

    Renovated Duplex, 2 Units, Huge Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Columbus, Ohio duplex, located at 1786-1788 E Rich Street, presents a fantastic investment opportunity. Built in 1909 and completely renovated five years ago, this property boasts two units, each featuring two bedrooms and one and a half bathrooms. Modern kitchens and bathrooms are complemented by the convenience of in-unit laundry on the second floor. The property sits on a substantial 6,534 square foot lot, offering a fenced backyard and valuable off-street parking – a rare find in this desirable location. One unit is currently vacant, making it ideal for an owner-occupant seeking a move-in ready space. The property's prime location places it within a quarter-mile of Franklin Park and approximately half a mile from Bexley and Capital University, ensuring high occupancy rates and strong rental demand. The asking price is $420,000, translating to $165.48 per square foot. This turnkey duplex offers a blend of historical charm and modern updates, making it an attractive proposition for both investors and owner-occupants alike. A tenant is moving into one unit on September 27th. Serious inquiries only.

    Property Features for 1786-1788 Rich St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1909
    Units
    2

    HighLights

    • Exceptional Columbus, OH duplex investment opportunity at 1786‑1788 E Rich St.
    • Completely renovated 2‑unit duplex, each with 2 bedrooms, 1.5 baths, in‑unit laundry, and modern kitchens & baths.
    • Situated on a large 6,534 sq ft lot with fenced backyard and off‑street parking.
    • One unit vacant, ideal for owner‑occupant; another unit occupied starting September 27th.
    • Prime location near Franklin Park, Bexley, and Capital University, ensuring high demand.
    • Asking price: $420,000 ($165.48/sq ft).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.951691
    Latitude
    39.959153

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    FAQs

    What type of property is this?
    Multifamily property - Renovated Duplex, 2 Units, Huge Lot
    Where is this multifamily property located?
    The property is located at 1786-1788 Rich St 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: Exceptional Columbus, OH duplex investment opportunity at 1786-1788 E Rich St.; Completely renovated 2-unit duplex, each with 2 bedrooms, 1.5 baths, in-unit laundry, and modern kitchens & baths.; Situated on a large 6,534 sq ft lot with fenced backyard and off-street parking.
    Request Owner's contact information
    1786-1788 Rich St Columbus, OH 43205
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    Columbus, OH 43205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1786-1788 Rich St Columbus, OH 43205
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