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    2395 Summit St Columbus, OH 43202

    Sponsored
    For Sale
    $499,888

    Prime location, high rental income, excellent ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a well-maintained duplex located in Columbus, Ohio's desirable University District at 2395 Summit Street. Built in 1910, this property boasts a generous 6,098.4 square foot lot and offers two units, each featuring four bedrooms and one and a half bathrooms. Currently generating a combined monthly rental income of $3245, this multifamily property presents a strong cash flow potential. The property is priced at $499,888, translating to $137.79 per square foot. Recent updates include fresh paint (February 2024) and a recently renovated bathroom in one unit. The property's strong rental history and location within the University District suggest excellent long-term growth prospects. Water and sewer are paid by the owner. Serious inquiries only

    Property Features for 2395 Summit St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1910
    Units
    2

    HighLights

    • Well‑maintained duplex in Columbus, Ohio's University District.
    • 6,098.4 sq ft lot with two 4 bed/1.5 bath units.
    • $3,245 monthly rental income.
    • $499,888 asking price ($137.79/sq ft).
    • Recent updates include fresh paint (Feb 2024) and a renovated bathroom.
    • Strong rental history and excellent long‑term growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0005931
    Latitude
    40.012321

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, high rental income, excellent ROI.
    Where is this multifamily property located?
    The property is located at 2395 Summit St Columbus, OH.
    What is the asking price?
    The asking price for this property is $499,888.
    What are key features of this property?
    This property features: Well-maintained duplex in Columbus, Ohio's University District.; 6,098.4 sq ft lot with two 4 bed/1.5 bath units.; $3,245 monthly rental income.
    Request Owner's contact information
    2395 Summit St Columbus, OH 43202
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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
    2395 Summit St Columbus, OH 43202
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