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    361 20Th Ave Columbus, OH 43201

    For Sale
    $423,000

    Ohio State, 2-unit, 100% occupied

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This well-maintained duplex in Columbus, Ohio, presents a compelling investment opportunity. Located near Ohio State University's north campus, between Summit and N 4th Street, this property benefits from its walkable location for students and proximity to the OSU bus line and Iuka Ravine. The property features two spacious 2-bedroom, 1-bathroom units, each boasting modern updates including updated kitchens and bathrooms, newer flooring, and central air conditioning. The lower unit includes an enclosed front porch and a large basement for storage. Both units offer on-site laundry and ample outdoor space. Exterior improvements include newer vinyl siding, railings, and porch steps. Tenants are responsible for all utilities. Currently 100% occupied, with leases at $1100 (Unit A) and $1050 (Unit B), ensuring a strong cash flow. Built in 1910, the property sits on a 1,742.4 square foot lot and is listed at $423,000 ($197.20/sq ft). This is an exceptional opportunity for investors seeking a stable, high-demand rental property in a desirable location.

    Property Features for 361 20Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1910
    Units
    2

    HighLights

    • $423,000 asking price for this Columbus, OH multifamily property.
    • Prime location in the Ohio State University north campus neighborhood, near Summit and N 4th St.
    • Well‑maintained duplex with two spacious 2‑bedroom, 1‑bathroom units.
    • Modern updates including updated kitchens and bathrooms, newer flooring, and central air conditioning.
    • 100% occupancy with leases at $1100 and $1050 per month.
    • Each unit features on‑site laundry and ample outdoor space.
    Property Profile Insight Report 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
    -82.9990336
    Latitude
    40.0041331

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    FAQs

    What type of property is this?
    Multifamily property - Ohio State, 2-unit, 100% occupied
    Where is this multifamily property located?
    The property is located at 361 20Th Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $423,000.
    What are key features of this property?
    This property features: $423,000 asking price for this Columbus, OH multifamily property.; Prime location in the Ohio State University north campus neighborhood, near Summit and N 4th St.; Well-maintained duplex with two spacious 2-bedroom, 1-bathroom units.
    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
    361 20Th Ave Columbus, OH 43201
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