Excellent opportunity for a 2-unit income producing property. This conversion two unit home was updated with a new roof and siding in 2025. Lower unit is a 1 bed/1 bath unit that retains much of the original early 1900's character and has basement access which includes a washer & dryer. The upper unit is a 2 bed/1 bath unit with an entrance from the side building. Upper unit is vacant and ready for you to select your next tenant. Parking in the rear off the alley. Tenants pay gas & electric. Landlord pays water & sewer. Centrally located with easy access to all parts of town. Photos show the interior of the vacant upper unit. Interior photos of the lower unit not included for the privacy of the tenants.
Central Columbus, located between the Flatrock River and I-65, is a historic and civic-minded Columbus neighborhood with midcentury modern landmarks and a walkable downtown grid. The neighborhood’s character concentrates around Washington Street and 4th Street, where galleries, coffee counters, and locally run shops line the sidewalks near the courthouse square. The Commons anchors daily life with lawns, playgrounds, and a clean-lined pavilion that echoes the city’s design legacy. Zaharakos Ice Cream Parlor and Museum adds old-school marble-and-brass charm a few blocks away. The Miller House and Garden and the Columbus Indiana Architectural Tour Center keep architecture front and center. Brick storefronts, pocket parks, and river-edge paths shape an urban rhythm without feeling rushed.
Provided by Walk Score and Local Logic
Market insights
713 Reed St · $225,000
DAYS ON MARKET
105 days
The average home goes pending in 34 days.
SALE-TO-LIST
102.7%
Most homes are selling 3% above list price.
LIST PRICE
$225,000
Median list price in this area is $230,000. (2% higher than this home)
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Full basement with interior and exterior entry
Conversion (property formerly used for a different purpose)
Bedrooms
Two-bedroom unit
One-bedroom unit
Kitchen
Unit 1 kitchen (includes refrigerator)
Unit 2 kitchen (includes refrigerator)
Laundry & utility
Laundry in basement
Heating & cooling
Forced air heating (natural gas)
Window air conditioning units
Exterior features
Asphalt shingle roof
City lot with sidewalks
Asphalt road access from a city street
Home design
Residential income property (duplex)
Two levels
Parking
Detached 1-car garage
Construction
Vinyl siding
Block foundation
Utilities
Public water
Public sewer
Financial info
Two-unit property
Owner pays water and sewer
Gross income reported: $2,100
Expenses reported: $3,400
Insurance expense reported: $1,900
Unit rents reported: $1,100/month (2-bedroom), $1,000/month (1-bedroom)
Electricity and solar
View estimated energy costs and solar savings for this home
The RE, Residential, Established zoning district is intended to ensure the continued viability of neighborhoods and develop- ments in existence on the effective date of this Ordinance. This district should be used to maintain traditional, contextually appropriate setbacks, uses, and other standards in a manner consistent with the Compre- hensive Plan. This district should not be applied to any new developoment
Zone overlays
Mixed Density Neighborhood Overlay
Permitted uses
Include but are not limited to:
Housing-Single unit
Park & open space
Climate risks
7/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 103° expected this year, 20 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Columbus, IN • 47201
Average low and high temperatures (°F)
34
18
44
27
62
40
70
49
72
55
83
66
87
71
84
66
81
59
70
49
55
40
44
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 713 Reed St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $180,000 and $299,995.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $180K to $300K.