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    887-891 22Nd St Columbus, OH 43206

    For Sale
    $749,900

    Turnkey Duplex, 100% Occupancy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity awaits with this fully renovated, two-unit brick duplex located at 887-891 S 22nd Street, Columbus, Ohio. Built in 1915 and extensively renovated in 2023, this property boasts a desirable location in the Southern Orchards neighborhood, less than half a mile from Nationwide Children's Hospital. The complete renovation included new mechanical, electrical, plumbing, and HVAC systems, a new roof, and new windows. Each unit offers four bedrooms and three bathrooms, featuring condo-level finishes and exposed brick. Additional amenities include first-floor laundry, a full basement, and off-street parking. Currently, both units are 100% occupied, with leases in place: Unit 887 is leased at $2475 per month through March 31, 2026, and Unit 891 is leased at $2750 per month through July 31, 2025. This property benefits from a 15-year, 100% tax abatement, currently valued at $3,827.28 annually, representing significant cost savings. The 6,534 square foot lot houses this turnkey investment, ideally situated near German Village, Bexley, Olde Towne East, and downtown Columbus. The asking price is $749,900, with a price per square foot of $229.75.

    Property Features for 887-891 22Nd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built/Renovated
    1915/2023
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -82.973388
    Latitude
    39.94666

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey Duplex, 100% Occupancy
    Where is this multifamily property located?
    The property is located at 887-891 22Nd St Columbus, OH.
    What is the asking price?
    The asking price for this property is $749,900.
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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
    887-891 22Nd St Columbus, OH 43206
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