403-05 E Welch Avenue, Columbus, OH 43207
New Listing
$350,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
3,920
Status:
Active
Current Price:
$350,000
List Date:
3/15/2026
Last Modified:
3/15/2026
Description
Fully occupied duplex offering a turnkey investment opportunity in Columbus. This well-maintained property features 2 units with stable tenants and long-term leases already in place. 403 is a 3 bedroom, 1 1/2 bath unit currently rented for $1,300 per month with a lease in place through 11/2026. 405 is a 2 bed, 1 1/2 bath unit with a lease in place through 1/2027. This unit includes furnishings along with a washer and dryer, providing additional convenience and value. The property includes a divided garage for tenant use as well as a fenced yard. Both units have central air, and the furnaces and hot water tanks are newer. Tenants pay all utilities. 405 was previously operated as a mid-term rental generating $2,200 per month and could easily be converted back to that model once the current tenant vacates. Showings require 48-hour notice due to tenant occupancy. Property is being sold AS IS.
Supplements: ********
More Information MLS# 226007697
Location & Property Info
List Price/SqFt: 156.25
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Built Prior to 1978: Yes
Off Street Parking Spaces: 2
Building Sqft: 2240
Lot Size (Side): 103
Number of Units: 2
Year Built: 1900
Acreage: 0.09
Tax Info
Tax Abatement: No
Taxes (Yrly): 6790
Parcel #: 010-000787
Tax Year: 2024
Remarks & Misc
Property Description: Fully occupied duplex offering a turnkey investment opportunity in Columbus. This well-maintained property features 2 units with stable tenants and long-term leases already in place. 403 is a 3 bedroom, 1 1/2 bath unit currently rented for $1,300 per month with a lease in place through 11/2026. 405 is a 2 bed, 1 1/2 bath unit with a lease in place through 1/2027. This unit includes furnishings along with a washer and dryer, providing additional convenience and value. The property includes a divided garage for tenant use as well as a fenced yard. Both units have central air, and the furnaces and hot water tanks are newer. Tenants pay all utilities. 405 was previously operated as a mid-term rental generating $2,200 per month and could easily be converted back to that model once the current tenant vacates. Showings require 48-hour notice due to tenant occupancy. Property is being sold AS IS.
Income/Expenses
Gross Income: 32400
Net Operating Income: 21400
Total Expenses: 11000
Addl Acceptance Cond
None Known: 1
Expenses
R.E. Taxes: 6811
Off-Site Management: 3366
2 Bedroom
2 Bedroom # of Units: 1
2 Bedroom Month Rent Per Unit: 1400
Construction
Frame: 1
Aluminum: 1
Vinyl Siding: 1
3 Bedroom
3 Bedroom # of Units: 1
3 Bedroom Month Rent Per Unit: 1300
Heat Fuel
Gas: 1
Parking Features
2 Car Garage: 1
Detached Garage: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Miscellaneous
Basement: 1
Garages: 1
W/D Hookups: 1
Tenant Pays
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Hot Water: 1
Air Conditioning
Central Air: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 350000
List Price: $350,000
Property Sub Type: Duplex
Street #: 403-05
Street PreDirection: E
Street Name: Welch
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43207
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-03-15
Property Features
Addl Acceptance Cond: None Known
Parking Features: 2 Car Garage; Detached Garage
Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Water
Heat Fuel: Gas
Heating: Forced Air; Hot Water
Air Conditioning: Central Air
Construction: Aluminum; Frame; Vinyl Siding
Water Source: Public
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Basement; Garages; W/D Hookups
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Heart & HomePropertyManagement
Listing Agent:
Cheryl D Morgan
Last Updated: March – 15 – 2026
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.