$289,900
Delaware, OH 43015
MLS# 226022020
Status: Contingent
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Property Description
Small investment...with BIG reward in this all brick 2-story duplex located in Delaware's downtown NW historic district with convenient walkability to local events, parks, dining and entertainment. This versatile property is ideal for investors and owner-occupants alike. Continue operating as a profitable duplex, live in one unit while the other helps offset your mortgage, or explore the potential to convert back to a single-family home. The upstairs 1 BR/1 BA unit rent is $830/month. the 2 BR/1 BA lower level unit is $1400/month. Tenants pay all utilities with separate utility meters, and cover yard maintenance too, creating a low-maintenance opportunity for owners. Lower level currently vacant and ready to lease. Upper unit is on ''month to month'' lease with 60 day notice to vacate provision (tenant been there 6 years). There are three rear off-street parking spaces and several on-street parking options also available. Appliances are owned by seller and do convey. Washer/dryer, microwave and dishwasher in 1st floor unit are brand new. Flooring/carpet recently replaced in both units and both units also have updated bathrooms/kitchens. Newer HVAC downstairs (2023) and newer water heater 2nd floor floor (2023). Whether you're looking to expand your rental portfolio or secure a flexible property with strong income potential, this is an opportunity you won't want to pass up!
Details
Maps
Documents
Location & Property Info
List Price/SqFt: 189.73
City (Mailing Addr): Delaware
Corp LimitPerAuditor: Delaware
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Built Prior to 1978: Yes
Total Parking: 5
Off Street Parking Spaces: 3
Building Sqft: 1528
Lot Size (Side): 198
Number of Units: 2
Year Built: 1901
Acreage: 0.17
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 4006
Parcel #: 519-432-09-029-000
Tax Year: 2025
Remarks & Misc
Property Description: Small investment...with BIG reward in this all brick 2-story duplex located in Delaware's downtown NW historic district with convenient walkability to local events, parks, dining and entertainment. This versatile property is ideal for investors and owner-occupants alike. Continue operating as a profitable duplex, live in one unit while the other helps offset your mortgage, or explore the potential to convert back to a single-family home. The upstairs 1 BR/1 BA unit rent is $830/month. the 2 BR/1 BA lower level unit is $1400/month. Tenants pay all utilities with separate utility meters, and cover yard maintenance too, creating a low-maintenance opportunity for owners. Lower level currently vacant and ready to lease. Upper unit is on ''month to month'' lease with 60 day notice to vacate provision (tenant been there 6 years). There are three rear off-street parking spaces and several on-street parking options also available. Appliances are owned by seller and do convey. Washer/dryer, microwave and dishwasher in 1st floor unit are brand new. Flooring/carpet recently replaced in both units and both units also have updated bathrooms/kitchens. Newer HVAC downstairs (2023) and newer water heater 2nd floor floor (2023).
Whether you're looking to expand your rental portfolio or secure a flexible property with strong income potential, this is an opportunity you won't want to pass up!
Income/Expenses
Gross Income: 26760
Net Operating Income: 21604
Total Expenses: 5156
Addl Acceptance Cond
None Known: 1
Financials
Gross Rental Income: 26760
Expenses
R.E. Taxes: 4006
Property Insurance: 1150
1 Bedroom
1 Bedroom # of Units: 1
1 Bedroom Month Rent Per Unit: 830
2 Bedroom
2 Bedroom # of Units: 1
2 Bedroom Month Rent Per Unit: 1400
Construction
Brick: 1
Heat Fuel
Gas: 1
Parking Features
2 Off Street: 1
On Street: 1
No Garage: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Miscellaneous
Basement: 1
W/D Hookups: 1
Tenant Pays
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Electricity: 1
Alternate Uses
Residential: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
New Financing
Conventional: 1
Air Conditioning
Central Air: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 298000
List Price: $289,900
Property Sub Type: Duplex
Street #: 189
Street PreDirection: N
Street Name: Washington
Street Suffix: Street
County: Delaware
State: OH
Zip Code: 43015
School District: DELAWARE CSD 2103 DEL CO.
Township: None
OfficeContract Info
Status: Contingent
MLS Entry Date: 2026-06-16
Property Features
Addl Acceptance Cond: None Known
Parking Features: 2 Off Street; On Street; No Garage
Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Water Source: Public
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Basement; W/D Hookups
Alternate Uses: Residential
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
RPD 
Listing Office: Howard Hanna Real Estate Services
Listing Agent: Heather R Kamann
Last Updated: July - 29 - 2026
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