Turn-Key 2-Unit
992-994 South Wall Street Columbus, OH 43206
992-994 South Wall Street, Columbus, OH, 43206
$500,000
For Sale
$500,000
Fully-rented duplex with two updated 2BR/1.5BA units, in-unit laundry, basements, and off-street parking.
Property Size1,850 SF
Price / SF$270.27
Days on Market83
Property Features for 992-994 South Wall Street
General Information
- Standard status
- Active
- Size
- 1,850 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1906
Listing agency
Homes that Click Advantage LLC
(614) 439-3551
Listed by
Tina Goodman · License #2002005093
(614) 439-3551
Source
Compass
Added: May 1 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 11:24AM
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 Homes that Click Advantage LLC
Investment Insights
Based on property information with market context.
This fully-rented 2-unit duplex offers two well-maintained residences, each with two bedrooms and 1.5 bathrooms. Interiors include modern updates such as hardwood floors, updated kitchens and bathrooms, in-unit laundry, and full basements. Off-street parking supports tenant convenience, and the property is being offered as turn-key.
The duplex is located at 992-994 South Wall Street in the Brewery District of Columbus, OH 43206. It is described as just minutes from German Village, Schiller Park, and downtown Columbus, with access to local dining and entertainment.
The current tenant profile is characterized as long term, with reliable tenants already in place. For investors or owner-occupants looking for a simple, ready-to-manage multi-family option, this duplex presents an income-producing setup with both in-unit laundry and full basement space included. The seller will participate in a 1031 exchange. Please do not disturb tenants.
The duplex is located at 992-994 South Wall Street in the Brewery District of Columbus, OH 43206. It is described as just minutes from German Village, Schiller Park, and downtown Columbus, with access to local dining and entertainment.
The current tenant profile is characterized as long term, with reliable tenants already in place. For investors or owner-occupants looking for a simple, ready-to-manage multi-family option, this duplex presents an income-producing setup with both in-unit laundry and full basement space included. The seller will participate in a 1031 exchange. Please do not disturb tenants.
Key Highlights
- Fully‑rented 2‑unit duplex in Columbus’ Brewery District
- Each unit offers 2 bedrooms and 1.5 bathrooms
- Modern updates including hardwood floors, updated kitchens and bathrooms
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 | $24.2k | $13.08 |
| − Vacancy | −$1.7k | −$0.92 |
| EGI | $22.5k | $12.16 |
| − OpEx | −$6.8k | −$3.65 |
| NOI | $15.8k | $8.52 |
1,850 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.0K
$196.9K – $262.6K
NOI $15,753 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$181.0K
$158.4K – $211.2K
NOI $12,672 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$385.5K
$337.4K – $449.8K
NOI $26,988 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully-rented duplex with two updated 2BR/1.5BA units, in-unit laundry, basements, and off-street parking.
Where is this duplex located?
The property is located at 992-994 South Wall Street Columbus, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Fully‑rented 2‑unit duplex in Columbus’ Brewery District; Each unit offers 2 bedrooms and 1.5 bathrooms; Modern updates including hardwood floors, updated kitchens and bathrooms
