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Property profile & analytics
OFF-MARKET
Small apartment buildings

85-87 Yale Ave Columbus, OH 43222

Built 1910
Property ID
US66-1470179
Property summary
AI-generated overview

This turnkey duplex in Columbus, Ohio's Franklinton neighborhood presents a compelling investment opportunity. Located within the rapidly developing "Franklinton NOW" area, this property boasts two units, each featuring three bedrooms and one bathroom. Recently renovated, both units showcase new furnaces, AC units, flooring, paint, cabinets, hardware, vanities, and fixtures. One unit currently generates $1,225 monthly income through July 2025, offering immediate cash flow. The second unit is vacant, providing flexibility for owner occupancy or immediate rental income. The property sits on a 3,484.8 square foot lot and includes four parking spaces and a large backyard. Each unit also features a basement with washer and dryer hookups. The asking price is $289,900, translating to $119.25 per square foot. Built in 1910, this property offers a blend of historic charm and modern updates, making it ideal for both seasoned investors and first-time buyers seeking a low-maintenance rental property in a thriving urban location. The property is situated at 85-87 N Yale Avenue, Columbus, OH 43222. Currently, the occupancy rate is 50%.

Property profile
Verified
Property type Small apartment buildings
Year built 1910
UPID US66-1470179
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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