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    261 S Chase Ave Columbus, OH 43204

    Under Contract
    For Sale
    $1,650,000

    MULTI_FAMILY - Columbus, OH

    Lot size:
    0.13 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 14 at 11:06 am

    Property Features for 261 S Chase Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    010-040008
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1948
    Number of units
    12

    Consultants Realty, LLC (614) 932-2000 [email protected]

    Listing agent Oliver Chapman (614) 738-0325

    Listing date Nov 20, 2025

    MLS# 225031239 Listing URL

    Copyright © 2025 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Columbus Multifamily Investment Opportunity

    This is a twelve-unit portfolio located in Columbus, Ohio, adjacent to Westgate and West High School. The property is under a single NNN lease that extends through December 2027. Each unit is leased for $1,100 per month, generating a gross monthly income of $13,200. The property has undergone several updates in the past four years, including mostly new windows, remodeled kitchens, updated bathrooms, mechanical systems, electric systems, and newer roofs. The property features shared basements with laundry hookups. All units have wide concrete parking pads from lot line to lot line and/or two-car detached garages. The lot size is 0.13 acres. The property is well-maintained. This property presents an opportunity to own a portfolio with over two years remaining on a NNN lease, eliminating property tax, insurance, maintenance, property management fees, and turnover expenses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -83.076351
    Latitude
    39.949333

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    FAQs

    What type of property is this?
    Apartment building - Twelve-unit portfolio with NNN lease through 2027 in Columbus, Ohio.
    Where is this apartment building located?
    The property is located at 261 S Chase Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Single NNN lease in place through December 2027, eliminating property tax, insurance, maintenance, property management fees, and turnover expenses for over 2 years.; - Excellent location adjacent to Westgate and West High School.; - Portfolio of 12 units generating $13,200 per month in gross rents.
    (614) 738-0325
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    Columbus, OH 43204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    261 S Chase Ave Columbus, OH 43204
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