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    1140-1142 Hamlet St Columbus, OH 43201

    For Sale
    $1,489,000

    Turnkey Investment! Prime Location, High Returns.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2-unit apartment building, constructed in 2019, presents a remarkable investment opportunity in Columbus, Ohio's desirable Italian Village neighborhood. Located at 1140-1142 Hamlet Street, this property boasts a prime location, just steps from the vibrant Budd Dairy Food Hall, Seventh Son Brewery, and the Short North Arts District. Each unit offers approximately 3 bedrooms and 2.5 bathrooms, featuring an open-concept design with high-end finishes, modern kitchens, and abundant natural light. The master suites include spa-like bathrooms, while the second bedrooms provide versatile space. The property sits on an 871.2 square foot lot and is priced at $1,489,000, translating to $289.69 per square foot. A significant advantage is the 100% tax abatement extending through 2034, significantly enhancing the investment's potential. This turnkey property is ideal for owner-occupants or short-term rental investors seeking a luxurious and high-demand location. Note that only one unit is depicted in the available photographs. This property offers unparalleled convenience and elegance in the heart of Columbus's most sought-after areas. The property's modern design and prime location combine to create a truly exceptional investment opportunity.

    Property Features for 1140-1142 Hamlet St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2019
    Units
    2

    HighLights

    • New 2019 construction, 2‑unit apartment building in Columbus, OH's Italian Village.
    • Prime location near Budd Dairy Food Hall, Seventh Son Brewery, and Short North Arts District.
    • Each unit features approx. 3 bedrooms, 2.5 baths, open‑concept design, high‑end finishes, and modern kitchens.
    • 871.2 sq ft lot, priced at $1,489,000 ($289.69/sq ft).
    • 100% tax abatement through 2034.
    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
    -83.0005909
    Latitude
    39.9860989

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey Investment! Prime Location, High Returns.
    Where is this multifamily property located?
    The property is located at 1140-1142 Hamlet St Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,489,000.
    What are key features of this property?
    This property features: New 2019 construction, 2-unit apartment building in Columbus, OH's Italian Village.; Prime location near Budd Dairy Food Hall, Seventh Son Brewery, and Short North Arts District.; Each unit features approx. 3 bedrooms, 2.5 baths, open-concept design, high-end finishes, and modern kitchens.
    Request Owner's contact information
    1140-1142 Hamlet St Columbus, OH 43201
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    Columbus, OH 43201
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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
    1140-1142 Hamlet St Columbus, OH 43201
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