62 Eureka Ave Columbus, OH 43204
This Columbus, Ohio duplex presents a compelling investment opportunity. Located at 62 S Eureka Avenue, 43204, this 2-unit apartment building, built in 1920, sits on a 3,920.4 square foot lot. Each unit boasts 3 bedrooms and 1 bathroom. Currently, both units are tenant-occupied, generating a combined monthly income of $2,110. One lease expires February 25th, and the other September 25th. The current rental rates are significantly below market value for the area, offering immediate potential for increased revenue. By raising rents to market rates ($2,600-$3,000 per month), a substantial increase in cash flow is achievable. A recent home inspection is available, streamlining the due diligence process and facilitating a swift closing. The asking price is $199,900, translating to $88.84 per square foot. This property is ideal for landlords and investors seeking a turnkey investment with significant upside potential. The property's location in Columbus, Franklin County, offers convenient access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.