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    162-164 Sylvan Ave Columbus, OH 43204

    For Sale
    $175,000

    Updated 2-unit building, 100% occupied.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This meticulously renovated duplex, located at 162-164 N Sylvan Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1953 and completely updated in 2023, this property boasts two units, each currently commanding a market rent of $850 per month, resulting in 100% occupancy. Situated on a generous 4,791.6 square foot lot, the building features solid cinder block construction and ample parking. The asking price is $175,000, translating to a price per square foot of $145.35. This property is located in the desirable Westside of Columbus, within the 43204 zip code, and offers a strong return on investment due to its high occupancy rate and current market rents. Note that this duplex can be purchased in conjunction with a separate, larger 10-unit building located at 160 N Sylvan Avenue. This presents a unique opportunity to acquire a portfolio of income-producing properties in a thriving Columbus neighborhood. The property's recent renovation ensures minimal maintenance needs and long-term stability for the investor.

    Property Features for 162-164 Sylvan Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built/Renovated
    1953/2023
    Units
    2

    HighLights

    • $175,000 asking price for a two‑unit apartment building.
    • Multifamily property, specifically a duplex, located in Columbus, Ohio.
    • 100% occupancy with market rents of $850 per unit.
    • Recently renovated in 2023, originally built in 1953.
    • 4,791.6 sq ft lot size; $145.35 price per square foot.
    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
    -83.0867359
    Latitude
    39.9578316

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    FAQs

    What type of property is this?
    Multifamily property - Updated 2-unit building, 100% occupied.
    Where is this multifamily property located?
    The property is located at 162-164 Sylvan Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price for a two-unit apartment building.; Multifamily property, specifically a duplex, located in Columbus, Ohio.; 100% occupancy with market rents of $850 per unit.
    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
    162-164 Sylvan Ave Columbus, OH 43204
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