1581 Franklin Avenue, Columbus, OH 43205
$365,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
4,792
Status:
Closed
Current Price:
$365,000
List Date:
1/08/2026
Last Modified:
2/11/2026
Description
Massive 3,592 square foot duplex located just south of Franklin Park and East Market. The lower unit (1581) offers 2 bedrooms and 2 bathrooms and is currently leased at $1,215 per month plus a $65 monthly water fee through 11/26/2026, with the potential to be easily converted into a 3-bedroom, 2-bath layout. The upper unit (1581½) features 4 bedrooms and 2 bathrooms and was recently vacated (previously rented for $1,800+ per month). Photos were taken prior to tenant move-out. While unit 1581½ will require some repairs to be rent-ready, the property is priced accordingly. Additional income is generated by a large two-car garage, currently leased for $100 per month. Each unit has in unit washer and dryer hookups. Recent improvements include new AC units (2024), stainless steel appliances, new LVP flooring in both units, updated light fixtures, and more.
Supplements: ********
More Information MLS# 226000638
Location & Property Info
List Price/SqFt: 103.01
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Building Sqft: 3592
Lot Size (Side): 145
Number of Units: 2
Year Built: 1900
Acreage: 0.11
Tax Info
Tax Abatement: No
Taxes (Yrly): 4169
Tax Incentive: No
Parcel #: 010-054438-00
Tax Year: 2025
Remarks & Misc
Property Description: Massive 3,592 square foot duplex located just south of Franklin Park and East Market. The lower unit (1581) offers 2 bedrooms and 2 bathrooms and is currently leased at $1,215 per month plus a $65 monthly water fee through 11/26/2026, with the potential to be easily converted into a 3-bedroom, 2-bath layout. The upper unit (1581½) features 4 bedrooms and 2 bathrooms and was recently vacated (previously rented for $1,800+ per month). Photos were taken prior to tenant move-out. While unit 1581½ will require some repairs to be rent-ready, the property is priced accordingly. Additional income is generated by a large two-car garage, currently leased for $100 per month. Each unit has in unit washer and dryer hookups. Recent improvements include new AC units (2024), stainless steel appliances, new LVP flooring in both units, updated light fixtures, and more.
Status Change Info
Sold Price/SqFt: 101.61
Under Contract Date: 2026-01-12
Sold Date: 2026-02-11
Sold Price: $365,000
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 1
2 Bedroom Month Rent Per Unit: 1215
Construction
Vinyl Siding: 1
Heat Fuel
Gas: 1
Parking Features
2 Car Garage: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Other
Other # of Units: 1
Miscellaneous
Basement: 1
Tenant Pays
Gas: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Owner Pays
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 370000
Sold Price: $365,000
Property Sub Type: Duplex
Street #: 1581
Street Name: Franklin
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43205
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2026-01-08
Property Features
Addl Acceptance Cond: None Known
Parking Features: 2 Car Garage
Owner Pays: Water
Tenant Pays: Electricity; Gas
Heat Fuel: Gas
Construction: Vinyl Siding
Services Available: Electricity Available; Natural Gas Available; Water Available
Miscellaneous: Basement
MLS Primary PhotoSrc: Realtor Provided
Documents
Structural Foundation Repair ›
Listing Office:
Red 1 Realty
Listing Agent:
Zeke Liston
Last Updated: February - 11 - 2026
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