391/389 Berkeley Road

Columbus OH 43205

3484.8 sq. ft.

Duplex

Last sold for $650,000

Matthew Cochrell, last sold this property on 29 September 2026 after 34 days on market.

Overview

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.

Features

3484.8 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Columbus over the last 12 months, the estimated median property value of 391/389 Berkeley Road is $350k.

Median value

$350k

Estimated value range

$115k - $760k

Median days on market

Estimated value trend

-7%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Columbus. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 391/389 Berkeley Road

2026

Sold

$650,000

29 Sep 2026 by Matthew Cochrell, of Ready Realty

Happy sellers in Columbus

We have insufficient information to provide an overview of customer satisfaction for Columbus. Viewing the agent profiles, reviews and sales for Columbus can provide insights for this location.