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    73-75 Markison Ave Columbus, OH 43207

    Sponsored
    For Sale
    $475,000

    Updated Columbus Duplex, 2 Units, 50% Occupancy

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    327
    This well-located Columbus, Ohio duplex presents a compelling investment opportunity or owner-occupant scenario. Situated at 73-75 E Markison Avenue in the desirable Merion Village neighborhood, this 1920-built property boasts two units, each featuring three bedrooms and one bathroom. The units are nicely updated, showcasing attractive features such as hardwood floors, modern white-shaker cabinetry, elegant quartz countertops, and stainless steel appliances. A full basement adds further utility and potential. One unit is currently leased at $1425 per month plus utilities through July 2025, contributing to a 50% occupancy rate. The asking price is $475,000, translating to $212.05 per square foot. The property sits on a 2,178 square foot lot. Its prime location offers convenient access to German Village, Nationwide Children's Hospital, and the vibrant Downtown Columbus area. This property is an excellent choice for investors seeking strong rental income potential or individuals looking for a blend of living space and investment return. The turnkey condition of one unit makes it immediately ready for occupancy. The property's attractive features and strategic location combine to create a promising opportunity in the Columbus real estate market.

    Property Features for 73-75 Markison Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1920
    Units
    2

    HighLights

    • $475,000 asking price.
    • Multifamily property, specifically a duplex, in Columbus, Ohio.
    • Two units, each with three bedrooms and one bathroom.
    • Features include hardwood floors, updated kitchens with shaker cabinets and quartz countertops, and stainless steel appliances.
    • 50% occupancy; one unit currently leased at $1,425/month through July 2025.
    • 2,178 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9937456
    Latitude
    39.9311882

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    FAQs

    What type of property is this?
    Multifamily property - Updated Columbus Duplex, 2 Units, 50% Occupancy
    Where is this multifamily property located?
    The property is located at 73-75 Markison Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: $475,000 asking price.; Multifamily property, specifically a duplex, in Columbus, Ohio.; Two units, each with three bedrooms and one bathroom.
    Request Owner's contact information
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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
    73-75 Markison Ave Columbus, OH 43207
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