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    1033-1035 Franklin Ave Columbus, OH 43205

    For Sale
    $875,000

    Prime Columbus Duplex, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This charming 2-unit apartment building, located at 1033-1035 Franklin Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1904, the property sits on a sizable 5,227.2 square foot lot and offers a fantastic price per square foot of $206.47. The asking price for this multifamily property is $875,000. Each of the two units provides income potential, making this an attractive option for investors seeking a strong return. The property's location in the desirable 43205 zip code of Columbus offers convenient access to local amenities and services. The building's age suggests potential for renovation and value enhancement, allowing for further return on investment. This is a rare opportunity to acquire a well-situated, income-generating property in a thriving Ohio market. The property's size and unit count make it ideal for both seasoned investors and those new to the multifamily market. Serious inquiries are encouraged to explore this promising investment prospect further. Detailed financial information and property records are available upon request.

    Property Features for 1033-1035 Franklin Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1904
    Units
    2

    HighLights

    • Charming 2‑unit apartment building in Columbus, OH, asking $875,000.
    • Situated on a 5,227.2 sq ft lot in the desirable 43205 zip code.
    • Offers a price per square foot of $206.47.
    • Built in 1904, presenting renovation potential and value enhancement opportunities.
    • Generates income from two units, ideal for investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -82.9724079
    Latitude
    39.9616075

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    FAQs

    What type of property is this?
    Multifamily property - Prime Columbus Duplex, High ROI Potential
    Where is this multifamily property located?
    The property is located at 1033-1035 Franklin Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Charming 2-unit apartment building in Columbus, OH, asking $875,000.; Situated on a 5,227.2 sq ft lot in the desirable 43205 zip code.; Offers a price per square foot of $206.47.
    Request Owner's contact information
    1033-1035 Franklin Ave Columbus, OH 43205
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    Columbus, OH 43205
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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
    1033-1035 Franklin Ave Columbus, OH 43205
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