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    516-518 Champion Ave Columbus, OH 43205

    For Sale
    $545,000

    Renovated Duplex, 2 Units, Tax Abatement

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This beautifully renovated Columbus duplex presents a compelling investment opportunity. Built in 1913 and completely updated in 2020, this property boasts two spacious units, each offering three bedrooms, two and a half bathrooms, and three levels of living space. Each unit includes convenient first-floor laundry and a half bath. The property sits on a 5,662.8 square foot lot and offers a large front porch, a rear mudroom entrance, and a generously sized backyard enclosed by privacy fencing. Ample off-street parking is available. Benefit from a tax abatement extending until 2035, significantly reducing your tax burden. The property's prime location near major highways provides easy access to Nationwide Children's Hospital, Franklin Park, Short North, Olde Town East, Bexley, and Downtown Columbus. This duplex is ideal for owner-occupants seeking a comfortable home or investors looking to capitalize on short-term rental potential. The asking price is $545,000, with a price per square foot of $212.14. This property offers a unique blend of historical charm and modern updates, making it a truly exceptional investment.

    Property Features for 516-518 Champion Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1913
    Units
    2

    HighLights

    • $545,000 asking price.
    • Multifamily property, Duplex/Triplex/Quadruplex, 2 units.
    • $212.14 price per square foot.
    • Built in 1913, 5,662.8 sq ft lot.
    • Fully renovated in 2020 with tax abatement until 2035.
    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
    -82.969323
    Latitude
    39.954898

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    FAQs

    What type of property is this?
    Multifamily property - Renovated Duplex, 2 Units, Tax Abatement
    Where is this multifamily property located?
    The property is located at 516-518 Champion Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: $545,000 asking price.; Multifamily property, Duplex/Triplex/Quadruplex, 2 units.; $212.14 price per square foot.
    Request Owner's contact information
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    Columbus, OH 43205
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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
    516-518 Champion Ave Columbus, OH 43205
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