1065-1067 Franklin Ave Columbus, OH 43205
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1065-1067 Franklin Ave
- Year built
- 1918
- Property type
- Small apartment buildings
Description
This stunning brick duplex in Columbus, Ohio's desirable Olde Towne East neighborhood presents a fantastic investment opportunity or owner-occupant scenario. Tax-abated through 2037, this property boasts two units situated on a spacious 4,791.6 square foot lot with convenient off-street parking. The first-floor unit (1065 Franklin Avenue), a 2-bedroom, 1-bathroom, 1265 square foot apartment, commands a monthly rent of $1900 (plus utilities) through July 31, 2025. Recently renovated in 2022, this unit showcases updated windows, flooring, cabinets, quartz countertops, stainless steel appliances, and a modern bathroom. The upper unit (1067 Franklin Avenue), a 4-bedroom, 2-bathroom, 1577 square foot apartment spanning the second and third floors, is currently vacant and offers significant upside potential. While not renovated to the same extent as the first-floor unit, it presents an opportunity for value enhancement. The property's prime location offers easy access to Downtown Columbus, Nationwide Children's Hospital, and Bexley, making it highly attractive to renters. Built in 1918, this property is priced at $549,900, translating to $193.49 per square foot. Currently, the occupancy rate is 50%. This property is a rare find in a thriving urban location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9715164
- Latitude
- 39.9615791
