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Property profile & analytics
OFF-MARKET
Small apartment buildings

1685 Franklin Ave Columbus, OH 43205

Built 1900
Property ID
US66-5643634
Property summary
AI-generated overview

This charming 2-unit brick duplex, located at 1685 Franklin Avenue in Columbus, Ohio's historic Olde Town East neighborhood, presents a fantastic investment opportunity. Built in 1900 and extensively renovated in 2023, this property boasts 100% occupancy with both units currently leased. The upper unit (1687) commands a monthly rent of $1695 on a 12-month lease commencing August 1, 2024. The lower unit (1685) is currently leased for $1520 per month through February 2025. The property sits on a 5,662.8 square foot lot and features updated electrical and plumbing systems, along with new furnaces and hot water tanks. Each sun-filled unit retains its original character with vintage woodwork and hardwood floors, offering a blend of historic charm and modern convenience. The asking price is $514,900, translating to $199.88 per square foot. This turnkey property offers immediate cash flow and significant potential for long-term appreciation in a desirable and historically rich Columbus neighborhood. The property's zip code is 43205, and it is located in Franklin County.

Property profile
Verified
Property type Small apartment buildings
Year built 1900
UPID US66-5643634
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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