85-87 Yale Ave Columbus, OH 43222
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 85-87 Yale Ave
- Year built
- 1910
- Property type
- Small apartment buildings
Description
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%.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0325411
- Latitude
- 39.9602123
