403 E Welch Ave Unit 405 Columbus, OH 43207
Merion Village NeighborhoodEstimated payment $2,408/month
Highlights
- Detached Garage
- Forced Air Heating and Cooling System
- Hot Water Heating System
About This Home
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. Professional management in place.
Listing Agent
Heart & HomePropertyManagement License #2017006363 Listed on: 03/15/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,790
Year Built
- Built in 1900
Home Design
- 2,240 Sq Ft Home
- Duplex
- Frame Construction
- Aluminum Siding
- Vinyl Siding
Parking
- Detached Garage
- Off-Street Parking: 2
Utilities
- Forced Air Heating and Cooling System
- Hot Water Heating System
- Heating System Uses Gas
Additional Features
- Washer and Dryer Hookup
- 3,920 Sq Ft Lot
- Basement
Listing and Financial Details
- Assessor Parcel Number 010-000787
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $11,000
- Gross Income $32,400
- Net Operating Income $21,400
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $6,790 | $148,160 | $42,070 | $106,090 |
| 2024 | $6,790 | $148,160 | $42,070 | $106,090 |
| 2023 | $6,705 | $148,155 | $42,070 | $106,085 |
| 2022 | $3,864 | $72,700 | $11,550 | $61,150 |
| 2021 | $3,870 | $72,700 | $11,550 | $61,150 |
| 2020 | $2,980 | $55,900 | $11,550 | $44,350 |
| 2019 | $2,577 | $41,450 | $8,580 | $32,870 |
| 2018 | $1,775 | $41,450 | $8,580 | $32,870 |
| 2017 | $1,825 | $41,450 | $8,580 | $32,870 |
| 2016 | $1,073 | $15,790 | $5,850 | $9,940 |
| 2015 | $977 | $15,790 | $5,850 | $9,940 |
| 2014 | $979 | $15,790 | $5,850 | $9,940 |
| 2013 | $942 | $30,800 | $6,475 | $24,325 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/15/2026 03/15/26 | For Sale | $350,000 | -- | $156 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Great American Title | |
| Warranty Deed | $137,000 | Amerititle | |
| Fiduciary Deed | $80,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $219,800 | New Conventional | |
| Previous Owner | $202,000 | Commercial | |
| Previous Owner | $105,000 | Purchase Money Mortgage |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226007697
APN: 010-000787
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Ask me questions while you tour the home.