637-639 Wheatland Ave Columbus, OH 43204
This charming Columbus, Ohio duplex located at 637-639 S Wheatland Avenue presents a compelling investment opportunity. Built in 1950, this property boasts a spacious 7,405.2 square foot lot and offers two units, each currently occupied by tenants. The asking price is $229,800, translating to a price per square foot of $136.79. Recent upgrades include a brand new roof and all new flooring throughout both units. Each unit features two bedrooms, one full bathroom, and a generously sized kitchen. The property generates a monthly rental income of $2254, projecting a cap rate approaching 10%. This makes it an ideal addition to an existing rental portfolio or a perfect entry point for first-time investors seeking a strong return on investment. The property is situated in Franklin County, Ohio, with the zip code 43204. Serious inquiries only, with curb offers requiring a walk-through inspection within 48 hours of contract acceptance.
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.