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Columbus, OH, 43215 • Victorian Village • Franklin County
Down payment assistance available
0.11 acLot
1900Built
Character Home
Built 1900 · 126 years of history
Victorian Village - One Block from Goodale Park
Victorian Village
This home is getting attention
Listed 23 days ago · 1,207 views · 64 saves
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23 days on market
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This home ranks in the top 48% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family · Built 1900 · Historic
Victorian Village 4-Unit | $79K Income | 8% Cap | ADU / 5th Unit Potential Rare opportunity to acquire a brick four-unit located just one block from Goodale Park and approximately 5 blocks to the Short North Arts District. The property produces approximately $79,080 in current rental income with upside potential to over $92,000, offering an estimated 8% cap rate with pro-forma potential near 10% through rental optimization, supported by three units utilizing CMHA vouchers and one-bedroom payment standards in this ZIP code of approximately $1,969, the highest in Franklin County. Features four off-street parking spaces and on-site coin-operated laundry providing additional income. Current rents are $1,800, $1,645, $1,500, and one unit available for immediate lease-up, conservatively projected around $1,645 with additional upside potential. Rear parking offers additional value-add potential, as similar properties have added garage structures with residential units above, creating a potential fifth unit and additional income, subject to zoning and city approvals. Also ideal for an owner-occupant or first-time investor to leverage low down payment financing and strong rental income to offset housing costs while beginning a real estate portfolio.
Based on current rates
Est. 6.24% rate · 30yr fixed · $599,920 loan
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3 schools rated nearby
Columbus, OH, 43215
11 events
23 years of records
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Columbus, OH • Franklin County
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