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    3276&3278 Sullivant Ave Columbus, OH 43204

    Sponsored
    For Sale
    $309,000

    Two-unit apartment building, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a well-maintained two-unit apartment building situated at 3276 & 3278 Sullivant Avenue in Columbus, Ohio, zip code 43204. Built in 1954, this property boasts a generous lot size of 5,662.8 square feet. The asking price is $309,000, translating to a price per square foot of $167.21. Each unit offers comfortable living spaces. The first apartment features two bedrooms, one full bathroom, and access to a shared two-car garage, currently renting for $685 per month. The second apartment also includes two bedrooms and one full bathroom, along with access to a shared one-car garage, and is currently rented for $650 per month. This property benefits from its convenient location, just a block away from Westgate Park and situated on the COTA bus line, ensuring easy access to public transportation. Furthermore, a new furnace was installed in 2024, minimizing potential maintenance concerns for the foreseeable future. This duplex presents a strong cash flow potential and is an ideal addition to any investment portfolio. The property is classified as a multifamily building, specifically a duplex/triplex/quadruplex.

    Property Features for 0 3276&3278 Sullivant Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1954
    Units
    2

    HighLights

    • Well‑maintained two‑unit apartment building in Columbus, OH (43204) at 3276 & 3278 Sullivant Avenue.
    • Asking price: $309,000, $167.21/sq ft.
    • 5,662.8 sq ft lot.
    • Built in 1954.
    • Unit 1: 2 bed, 1 bath, $685/month rent, access to 2‑car garage.
    • Unit 2: 2 bed, 1 bath, $650/month rent, access to 1‑car garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0863233
    Latitude
    39.9433527

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 3276&3278 Sullivant Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $309,000.
    What are key features of this property?
    This property features: Well-maintained two-unit apartment building in Columbus, OH (43204) at 3276 & 3278 Sullivant Avenue.; Asking price: $309,000, $167.21/sq ft.; 5,662.8 sq ft lot.
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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
    3276&3278 Sullivant Ave Columbus, OH 43204
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