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    1298 James Rd Columbus, OH 43227

    Sponsored
    For Sale
    $253,000

    Two-unit apartment building, great potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Columbus, Ohio duplex, located at 1298 S James Road, presents a compelling investment opportunity. Built in 1956, this property sits on a 7,405.2 square foot lot and features two units: one with three bedrooms and one bath, and the other with two bedrooms and one bath. Recent upgrades include fresh paint, new vinyl tile flooring, an updated electric panel, a newer hot water tank, and a gas furnace. Each unit includes washer/dryer hookups. The exterior requires minimal maintenance. Currently, the units are rented at below-market rates, offering significant potential for rental income growth. One unit has a lease expiring March 31, 2025 ($755/month), while the other is month-to-month ($795/month). Tenants are responsible for gas and electric; the owner covers water. The property is being sold in "as-is" condition with contingent curb-side offerings only. The asking price is $253,000, translating to $107.39 per square foot. This property is ideal for investors seeking a value-add opportunity in a stable Columbus market.

    Property Features for 1298 James Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1956
    Units
    2

    HighLights

    • $253,000 asking price for this Columbus, OH multifamily property.
    • Two‑unit apartment building, a duplex, situated on a 7,405.2 sq ft lot.
    • Built in 1956, featuring recently updated vinyl tile and an upgraded electrical panel.
    • Unit layouts include a 3 bed/1 bath and a 2 bed/1 bath; both with washer/dryer hookups.
    • Currently generating $1,550 in monthly rent, with significant upside potential due to below‑market rents.
    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
    -82.9150901
    Latitude
    39.9443588

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, great potential
    Where is this multifamily property located?
    The property is located at 1298 James Rd Columbus, OH.
    What is the asking price?
    The asking price for this property is $253,000.
    What are key features of this property?
    This property features: $253,000 asking price for this Columbus, OH multifamily property.; Two-unit apartment building, a duplex, situated on a 7,405.2 sq ft lot.; Built in 1956, featuring recently updated vinyl tile and an upgraded electrical panel.
    Request Owner's contact information
    1298 James Rd Columbus, OH 43227
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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
    1298 James Rd Columbus, OH 43227
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