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389 Berkeley Road #391

Columbus, OH 43205
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Bed --

Bed

Bath 0

Bath

Acres0.08

Acre(Lot)

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 mechan ical 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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Detail Ic Property Details

Property Type : Residential Income

Price : $654,000

AD Id : 90036942

MLS Id : 226032253

Lot Size : 0.08 Acre

Year Built : 1916

County : Franklin

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Feature Features

  • Room Information

    Has Basement: Yes
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Hot Water Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1916 Construction Materials: Brick Private Pool: No

  • Lot Information

    Main Square Feet: 0.08 Lot Size Acres: 0.08 Lot Size Square Feet: 3484.8

  • Listing Price Information

    Listing Price: $654000 Conventional

  • Tax Information

    Parcel Number: 010-096197 Tax Year: 2025 Annual Tax: $3730

  • Parking Information

    No Garage

  • Location Information

    WaterSource: Public
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ByOwner last updated this listing 08/26/2026 @ 06:53

MLS: 226032253 LISTED BY: Matthew Cochrell, MDC Realty Limited 614-383-9885 SOURCE: Columbus and Central Ohio Regional MLS

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