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Renovated duplex in Olde Towne East 153 S 17th St 2 Unit Apartment Building $669,000 ($334,500/Unit) Columbus, OH 43205
Investment Highlights
- In-Place Income with Near-Term Upside - Current in-place rents: $3,600/month / $43,200 annually
- No capital expenditures anticipated; major systems, roof, and utilities already upgraded
- Unit 153 (2BD/1BA) leased month-to-month at below-market rent leased to long term tenant since 2013
- Gutted to the studs in 2008–2009, including all new interior, HVAC, DWV plumbing, 200-amp electric, lead paint and asbestos abatement, updated servi
Executive Summary
Fully renovated duplex in the heart of Olde Towne East, ideal for an owner-occupant or investor. Built in 1909 and gutted to the studs in 2008–2009, the property features all new HVAC, DWV plumbing, 200-amp electric, lead paint and asbestos abatement, updated service lines, and a newer roof (2019). Ownership reports no deferred maintenance.
The ±3,835 SF duplex includes a 3BD/2BA unit (2,335 SF) leased at $2,250/month through August 2026 with a private 15’ x 30’ private 2nd floor deck and a 2BD/1BA unit (1,500 SF) occupied by a long-term tenant (for 13 years) on month-to-month at a below-market $1,350/month. Both units feature hardwood floors, stainless appliances, large open rooms, original woodwork, and access to outdoor living areas including a large paver patio and private decks.
Additional highlights include four off-street parking spaces, a large brick pave patio and tenant-paid utilities with water sub-metering. Seller has preliminary plans for a 3-car garage with a carriage house, supported by the City of Columbus’ approval of legislation permitting Accessory Dwelling Units (ADUs). This offers a potential value-add opportunity.
Located minutes from Downtown, Franklin Park, and major employment centers, this property combines historic character, modern systems, and long-term value in a prime Olde Towne East location. Many recent updates and extremely well maintained by long term owner.
The ±3,835 SF duplex includes a 3BD/2BA unit (2,335 SF) leased at $2,250/month through August 2026 with a private 15’ x 30’ private 2nd floor deck and a 2BD/1BA unit (1,500 SF) occupied by a long-term tenant (for 13 years) on month-to-month at a below-market $1,350/month. Both units feature hardwood floors, stainless appliances, large open rooms, original woodwork, and access to outdoor living areas including a large paver patio and private decks.
Additional highlights include four off-street parking spaces, a large brick pave patio and tenant-paid utilities with water sub-metering. Seller has preliminary plans for a 3-car garage with a carriage house, supported by the City of Columbus’ approval of legislation permitting Accessory Dwelling Units (ADUs). This offers a potential value-add opportunity.
Located minutes from Downtown, Franklin Park, and major employment centers, this property combines historic character, modern systems, and long-term value in a prime Olde Towne East location. Many recent updates and extremely well maintained by long term owner.
Property Facts
| Price | $669,000 | Building Class | C |
| Price Per Unit | $334,500 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 3,835 SF |
| Gross Rent Multiplier | 15.49 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1909/2009 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3 - Residential | ||
| Price | $669,000 |
| Price Per Unit | $334,500 |
| Sale Type | Investment |
| Gross Rent Multiplier | 15.49 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,835 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1909/2009 |
| Parking Ratio | 2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Yard
- Basement
- Double Pane Windows
- Patio
- Porch
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,250 | 2,335 |
| 2+1 | 1 | $1,350 | 1,500 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 010-298141 | Improvements Assessment | $43,860 |
| Land Assessment | $42,700 | Total Assessment | $86,560 |
Property Taxes
Parcel Number
010-298141
Land Assessment
$42,700
Improvements Assessment
$43,860
Total Assessment
$86,560
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Renovated duplex in Olde Towne East | 153 S 17th St
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