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    1418-1422 Miller Ave Columbus, OH 43206

    Sponsored
    For Sale
    $350,000

    Two-unit apartment building, excellent return.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Columbus, Ohio duplex located at 1418-1422 Miller Avenue presents a compelling investment opportunity. Built in 1950, this multifamily property sits on a 7,405.2 square foot lot and offers two units, each featuring two bedrooms and one bathroom. The asking price is $350,000, translating to a price per square foot of $195.31. The property is currently partially occupied, with one unit having an existing tenant and a lease that transfers with the sale. This provides immediate rental income potential. This versatile property offers the unique advantage of owner-occupancy, allowing for the possibility of living in one unit while generating income from the other. Alternatively, it can function solely as a rental property, providing a steady stream of passive income. The property's location in Columbus, Ohio, within the 43206 zip code, offers convenient access to local amenities and services. This duplex represents a rare blend of residential comfort and lucrative investment potential, making it an ideal acquisition for both seasoned investors and first-time buyers seeking a strong return on investment. The property's solid construction and established tenancy make it a low-risk, high-reward opportunity.

    Property Features for 1418-1422 Miller Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1950
    Units
    2

    HighLights

    • $350,000 asking price.
    • Multifamily property, specifically a duplex, in Columbus, OH.
    • Two units, each with two bedrooms and one bathroom.
    • 7,405.2 sq ft lot.
    • Built in 1950.
    • $195.31 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
    -82.962704
    Latitude
    39.936593

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, excellent return.
    Where is this multifamily property located?
    The property is located at 1418-1422 Miller Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; Multifamily property, specifically a duplex, in Columbus, OH.; Two units, each with two bedrooms and one bathroom.
    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
    1418-1422 Miller Ave Columbus, OH 43206
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