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 Cochrell614-296-3100,
MDC Realty Limited
Source: Columbus and Central Ohio Regional MLS ,MLS#: 226032253
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
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
8/25/2026
Listed for sale
$654,000
Source: Columbus and Central Ohio Regional MLS #226032253Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
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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