1281 23Rd Ave Columbus, OH 43211
This exceptional investment opportunity presents a fully occupied, fully renovated duplex located at 1281 E 23rd Avenue in Columbus, Ohio. Built in 1924, this property boasts two units and sits on a generous 4,791.6 square foot lot. The asking price is $248,000, translating to a price per square foot of $105.44. The property has undergone extensive renovations in recent years, including a new roof, siding, windows, flooring, drywall, kitchen upgrades, fresh paint, and updated gutters and downspouts. Currently, both units are occupied by long-term tenants, many of whom are Section 8 tenants providing stable and predictable income. The property is easily shown with 24-hour notice to ensure tenant privacy and respect their legal rights. This duplex represents a strong cash-flow generating asset in a desirable Columbus location, making it an ideal addition to any investment portfolio. The property's recent renovations minimize future maintenance needs, promising a low-risk, high-return investment. The location in Franklin County, Ohio, zip code 43211, offers convenient access to local amenities and transportation. This is a turnkey investment ready for immediate income generation.
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
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.