Property profile

266-268 Yale Ave Columbus, OH 43223

OFF-MARKET
Apartment buildings
Built 1910
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Property summary

AI-generated overview

This meticulously renovated duplex at 266-268 S Yale Avenue in Columbus, Ohio, presents a fantastic investment opportunity. Built in 1910 and completely updated in 2024, this property boasts modern finishes throughout, including brand new mechanical systems, a new roof, and updated electrical work. The two units are situated on a 3,484.8 square foot lot, offering ample space. Located minutes from downtown Columbus, this property benefits from a highly desirable location. Previously under contract for $289,000 and appraised at or above that value, this property is now priced to sell at $268,000. The seller is highly motivated due to other ongoing projects. A residential tax incentive application is pending, and the seller will complete all necessary filings before or after closing to secure a 10-year tax abatement, significantly reducing future tax burdens. The price per square foot is $171.79. This is a rare opportunity to acquire a fully renovated, income-producing property in a thriving urban area. Don't miss out on this exceptional investment.

Property profile

Verified
Property type Apartment buildings
Year built 1910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

266-268 Yale Ave Columbus, OH 43223
Columbus metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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