41 King Ave Columbus, OH 43201
This exceptional four-unit apartment building, located at 41 King Avenue in Columbus, Ohio's vibrant Short North neighborhood, presents a compelling investment opportunity. Built in 1901, this meticulously maintained Victorian property boasts a mix of unit sizes, including two studios, one one-bedroom, and one four-bedroom apartment, providing a diverse rental portfolio. The building sits on a 5,662.8 square foot lot and offers six off-street parking spaces, a valuable amenity in this highly desirable location. Currently operating at 100% occupancy, the property generates annual rental income exceeding $66,000, translating to a price per square foot of $247.35. Its prime location places it within easy walking distance of Ohio State University's campus, the Downtown Arena District, grocery stores, numerous bars and shops, and the new Columbus Library. This property offers a rare blend of historical charm, strong rental income, and an unbeatable location in one of the fastest-growing cities in the United States, making it an ideal addition to any investment portfolio. The asking price is $700,000. This is a turnkey investment ready for immediate income generation. Don't miss this chance to acquire a piece of Columbus's thriving real estate market.
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
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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.