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.
Contingent
$654,000
389 Berkeley Rd #391, Columbus, OH 43205
--beds
0baths
--sqft
Duplex
Built in 1916
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fresh paintRenovated interiors
- 9 days
- 103
- 7
Zillow last checked:
Listing updated:
Listed by:
Matthew D Cochrell 614-296-3100,
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
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Contingent | $654,000 |
Source: | ||
| 8/25/2026 | Listed for sale | $654,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment







