25
See all 25 photos
$205,000
Est. payment /mo
3,484 Sqft Lot
Price Dropped by $20K
505-507 Catherine Street Columbus, OH 43223
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226020714
Year Built 1928
Annual Tax Amount $3,199
Lot Size 3,484 Sqft
Lot Dimensions 0.08
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
Well-maintained duplex featuring two 2-bedroom, 1-bath units with separate utilities, full basements, and a detached 2-car garage. Recent improvements include a new furnace and ductwork for Unit 505, new ductwork for Unit 507, newer water heaters, exterior paint, and landscaping improvements. Unit 505 has also been updated with fresh interior paint, luxury vinyl plank flooring, and quartz countertops.
Each unit offers a living room and kitchen on the main level with two bedrooms and a full bath upstairs. Current rents are $1,000/month for Unit 505 and $1,102/month for Unit 507. Tenants pay gas and electric, while the owner pays water.
Opportunity exists for future rental growth in Unit 505 as leases turn over, with nearby 2-bedroom rentals commonly achieving higher rental rates.
Many major capital improvements have already been completed, and all repairs identified during prior buyer inspections have been addressed and corrected, making this a strong opportunity for investors seeking stable rental income with reduced near-term maintenance concerns. Whether you're looking to expand your investment portfolio or owner-occupy one unit while generating rental income from the other, this property offers excellent long-term potential.
Please note: Both units are currently tenant occupied. Select listing photos have been virtually decluttered and shown unfurnished to better illustrate the layout and potential of the spaces.
Each unit offers a living room and kitchen on the main level with two bedrooms and a full bath upstairs. Current rents are $1,000/month for Unit 505 and $1,102/month for Unit 507. Tenants pay gas and electric, while the owner pays water.
Opportunity exists for future rental growth in Unit 505 as leases turn over, with nearby 2-bedroom rentals commonly achieving higher rental rates.
Many major capital improvements have already been completed, and all repairs identified during prior buyer inspections have been addressed and corrected, making this a strong opportunity for investors seeking stable rental income with reduced near-term maintenance concerns. Whether you're looking to expand your investment portfolio or owner-occupy one unit while generating rental income from the other, this property offers excellent long-term potential.
Please note: Both units are currently tenant occupied. Select listing photos have been virtually decluttered and shown unfurnished to better illustrate the layout and potential of the spaces.
Location
State OH
County Franklin
Area 0.08
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-067590
Listed by Remington Lyman Reafco
NEARBY SCHOOL & BUSINESS
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