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    629-631 Wheatland Ave Columbus, OH 43204

    Sponsored
    For Sale
    $85,000

    Two-unit apartment building, ready for renovation.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Columbus, Ohio duplex located at 629-631 S Wheatland Avenue presents a compelling investment opportunity. Priced at $85,000, this 1950-built property boasts two one-bedroom units situated on a 6,098.4 square foot lot. The asking price equates to $66.10 per square foot. The property features a recently updated roof and siding, along with refreshed mortar work. While the interior requires some work, it offers significant potential for a savvy investor. The cleaned-out interior provides a blank canvas for renovations, allowing for customization to maximize rental income. This duplex is ideal for both first-time investors seeking a manageable entry point into the real estate market and seasoned investors looking to expand their portfolio. Its location in an up-and-coming area of Columbus (zip code 43204, Franklin County) suggests strong potential for future appreciation. The property's existing structure and recent exterior improvements provide a solid foundation for a profitable venture. The two units offer immediate income potential once renovated and rented. This is a chance to acquire a multifamily property in a growing market at an attractive price point.

    Property Features for 629-631 Wheatland Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1950
    Units
    2

    HighLights

    • Columbus, OH duplex, $85,000, two 1‑bedroom units.
    • 6,098.4 sq ft lot, $66.10/sq ft.
    • Recently updated roof, siding, and mortar.
    • Cleaned‑out interior ready for renovation.
    • Strong potential for appreciation in up‑and‑coming Columbus (43204) area.
    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
    -83.060518
    Latitude
    39.942409

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, ready for renovation.
    Where is this multifamily property located?
    The property is located at 629-631 Wheatland Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Columbus, OH duplex, $85,000, two 1-bedroom units.; 6,098.4 sq ft lot, $66.10/sq ft.; Recently updated roof, siding, and mortar.
    Request Owner's contact information
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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
    629-631 Wheatland Ave Columbus, OH 43204
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