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    1212 Summit St Columbus, OH 43201

    Sponsored
    For Sale
    $514,000

    Italian Village/Weinland Park investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-unit apartment building, located at 1212 Summit Street in Columbus, Ohio, presents a compelling investment opportunity. Built in 1900, this Class B property boasts a desirable location on the border of Italian Village and Weinland Park, just one block from the park and two blocks from High Street. The property sits on a 4,791.6 square foot lot and is currently 50% occupied. The asking price is $514,000, translating to $193.45 per square foot. Significant updates have been completed within the last eight years, enhancing both units' appeal and functionality. These improvements include two completely renovated kitchens, first-floor laundry facilities in each unit, a new roof installed in 2015, two new water heaters (one in 2020 and another in 2023), replacement windows throughout, two new air conditioning units, and recently redone back porches (2024). Bathrooms in both units have also been updated. One unit features three bedrooms and two bathrooms, including a third-floor suite, while the other offers two bedrooms and one bathroom. The property provides added value with fenced-in side yards for privacy and ample off-street parking, a rare find in this sought-after neighborhood. This duplex offers a blend of historical charm and modern updates, making it an attractive prospect for both investors and owner-occupants. The property's strong location and recent renovations position it for immediate rental income and potential appreciation.

    Property Features for 1212 Summit St

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built
    1900
    Units
    2

    HighLights

    • Exceptional two‑unit apartment building in Columbus, Ohio, located on the border of Italian Village and Weinland Park.
    • Class B property built in 1900, situated on a 4,791.6 sq ft lot, currently 50% occupied.
    • Asking price: $514,000 ($193.45/sq ft).
    • Significant recent updates include new kitchens, bathrooms, roof (2015), water heaters, windows, AC units, and back porches.
    • Features include in‑unit laundry, off‑street parking, fenced yards, and a mix of 2- and 3‑bedroom units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Value View Financial Financial Planner

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -83.0017037
    Latitude
    39.9874844

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    FAQs

    What type of property is this?
    Multifamily property - Italian Village/Weinland Park investment opportunity.
    Where is this multifamily property located?
    The property is located at 1212 Summit St Columbus, OH.
    What is the asking price?
    The asking price for this property is $514,000.
    What are key features of this property?
    This property features: Exceptional two-unit apartment building in Columbus, Ohio, located on the border of Italian Village and Weinland Park.; Class B property built in 1900, situated on a 4,791.6 sq ft lot, currently 50% occupied.; Asking price: $514,000 ($193.45/sq ft).
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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
    1212 Summit St Columbus, OH 43201
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