217 W Hubbard Ave Columbus, OH 43215
Four-unit property near Goodale Park with income and ADU potential.
Lot size:
0.11 AcresProperty Features for 217 W Hubbard Ave
General Information
- Standard status
- Active
- Lot size
- 0.11 Acres
Building Details
- Year built
- 1900
Source:
Crexi
Listing Agency: EXP Realty, LLC Listing Agent: Elisa Lowe
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Victorian Village Four-Unit Investment Property
This brick four-unit property is located one block from Goodale Park and approximately five blocks from the Short North Arts District. The property generates approximately $79,080 in current rental income, with potential to exceed $92,000. The estimated capitalization rate is 8%, with pro-forma potential near 10% through rental optimization. Three units utilize CMHA vouchers, with one-bedroom payment standards in this ZIP code around $1,969. The property includes four off-street parking spaces and on-site coin-operated laundry, providing additional income. Current rents are $1,800, $1,645, and $1,500, with one unit available for immediate lease-up, conservatively projected around $1,645. The rear parking area offers value-add potential, with the possibility of adding garage structures with residential units above, potentially creating a fifth unit and additional income, subject to zoning and city approvals. This property is also suitable for an owner-occupant or first-time investor to leverage low down payment financing and strong rental income.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -83.0097711
- Latitude
- 39.9781971
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property near Goodale Park with income and ADU potential.
Where is this quadplex located?
The property is located at 217 W Hubbard Ave Columbus, OH.
What are key features of this property?
This property features: - High Income Potential: Current rental income of approximately $79,080 with potential to exceed $92,000.; - Attractive Cap Rate: Estimated 8% cap rate with pro-forma potential near 10%.; - Prime Location: One block from Goodale Park and approximately 5 blocks to the Short North Arts District.
