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For sale
  • $654,000

    389 Berkeley Rd #391, Columbus, OH 43205

    --beds
    0baths
    --sqft
    : 
    $4,737/mo
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    Duplex
    Built in 1916
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fresh paintRenovated interiors
    Turnkey 2-unit investment property in Olde Towne East, Columbus, Ohio, with a partial 15-year CRA tax abatement active through March 2036. Both sides feature identical 3-bedroom, 1.5-bathroom layouts with renovated interiors, fresh paint, and separately metered utilities paid by tenants. Each unit offers hardwood floors throughout the first floor, a renovated kitchen with quartz countertops and stainless steel appliances, and a flexible first-floor bonus room that works as a dining room or home office. Three second-floor bedrooms share a full bathroom with upgraded finishes, and in-unit washer and dryer are included in both units. Unit 391 includes a large fenced backyard with a patio. The property has a full basement for storage and utility access. Roof, HVAC, and major mechanical systems were updated in 2021. Separate gas, electric, tenants pay all utilities. Gross scheduled rent is $50,340 annually ($4,195/month combined). Current property taxes are $3,729.54 under the active CRA abatement. Projected net operating income is approximately $45,110, producing an approximate 6.9% cap rate at the list price. Located in Olde Towne East, minutes from Downtown Columbus, Bexley, Capital University, and Nationwide Children's Hospital. Franklin Park Conservatory, the Trolley District, and East Market are nearby. Olde Towne East is one of Columbus's historic near-east neighborhoods with ongoing investment activity and consistent rental demand. A turnkey Olde Towne East duplex with a long-term tax abatement, updated systems, and tenant-paid utilities -- positioned for an investor or an owner-occupant house-hack buyer.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Matthew D Cochrell 614-296-3100,

    MDC Realty Limited

    Source: Columbus and Central Ohio Regional MLS ,MLS#: 226032253MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Forced Air, Hot Water
      Cooling
      • Central Air

      Property

      Lot
      • Size: 3,484 Square Feet
      Details
      • Parcel number: 010096197
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Condition
      • Year built: 1916
      • Major remodel year: 2021

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Columbus

      Financial & listing details

      • Annual tax amount: $3,730
      • Date on market: 8/25/2026
      • Listing terms: Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/25/2026Listed for sale$654,000
        Source: Columbus and Central Ohio Regional MLS #226032253 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Franklin Park

        Getting around

        61 / 100
        Somewhat Walkable
        44 / 100
        Some Transit
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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