$450,000
$25K PRICE DROP

1555-1557 E Rich St Columbus, OH 43205

Franklin Park Neighborhood

Estimated payment $2,725/month

Total Views 2,959
-- Bed
-- Bath
2,520 Sq Ft
$179 Price per Sq Ft

About This Home

Curb Offers Only - Remodeled Duplex with 15-Year Tax Abatement!

This updated duplex offers investment potential & owner-occupant flexibility! Each unit features 3 bedrooms, 1.5 baths, and a functional layout. Remodeled in 2020, it blends modern updates with charm.

Enjoy a 15-year tax abatement, reducing property taxes & maximizing returns!

Currently tenant-occupied, it's a turnkey investment with steady rental income. Whether you're an investor growing your portfolio or a buyer looking to live in one unit & rent the other, this is a prime opportunity to build equity & offset your mortgage.

Don't miss out—schedule a showing today!

Listing Agent

Nathan White

Real of Ohio License #2014004704

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,621

Year Built

  • Built in 1921

Lot Details

  • 3,049 Sq Ft Lot

Home Design

  • 2,520 Sq Ft Home
  • Duplex

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 010-301645

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $23,000
  • Gross Income $36,000
  • Net Operating Income $13,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,621

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1921
  • Tax Year: 2024
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.07
  • Total Gross Income: 36000.0
  • Co List Office Phone: 614-412-3315
  • MLS Status: Active
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 36000.0
  • Annual Expenses: 23000.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2520.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Natural Gas Available, Electricity Available
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-301645
  • Lot Size Sq Ft: 3049.2

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 13000.0
  • Annual Operating Expense: 23000.0

Tax Info

  • Tax Annual Amount: 2621.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,621 $97,370 $14,490 $82,880
2023 $2,588 $97,370 $14,490 $82,880
2022 $12,560 $236,360 $2,450 $233,910
2021 $5,581 $105,280 $2,450 $102,830
2020 $0 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 Price Changed $450,000 -3.2% $179 / Sq Ft
04/03/2025 04/03/25 Price Changed $465,000 -2.1% $185 / Sq Ft
03/19/2025 03/19/25 For Sale $475,000 -- $188 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $380,000 Accommodation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $393,680 VA
Source: Public Records

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Source: Columbus and Central Ohio Regional MLS

MLS Number: 225008233

Columbus and Central Ohio Regional MLS

APN: 010-301645

Ohio Franklin County Columbus 43205 Franklin Park

1555-1557 E Rich St, Columbus, OH

Homes for Sale in Columbus, OH

This home is located at 1555-1557 E Rich St, Columbus, OH 43205 and is currently priced at $450,000, approximately $178 per square foot. This property was built in 1921. 1555-1557 E Rich St is a home located in Franklin County with nearby schools including Ohio Avenue Elementary School, Champion Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nathan White
Listing Agent
Nathan White
Section Image
Real of Ohio
(380) 246-2815