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24941501
24941500

1564-1566 E Blake Avenue, Columbus, OH 43211

AA
OH 2014003309
Real Estate Opportunity
Listed by Real Estate Opportunity
$250,000
483 days on market
Updated 83 days ago

1564-1566 E Blake Avenue

Details
APN 010-060889
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,240
Units 2
Cap Rate 11.70%
NOI $2,291
Occupancy 100%
Price per SqFt $129
Class C
Year Built 1926
Buildings 1
Stories 2
Acreage 0.100
Zoning Residential
Parking Spaces 4 spaces
Parking Per SqFt 1.79
Investment Type Owner/User

Built in 1926, the 2,240 sq. ft. building consists of two updated units, both currently occupied.

Marketing description

Built in 1926, the 2,240 sq. ft. building consists of two updated units, both currently occupied with leases in place. A professional management company is already in place. The property generates a gross monthly income of $3,400, with total operating expenses of $1109, resulting in a net operating income of $2291 per month! It features forced air heating, window A/C, a basement, washer/dryer hookups, and a shared driveway with four parking spaces. The owner covers electric, gas, and sewer expenses. Located in Columbus CSD within Franklin County, it offers a turnkey investment opportunity with immediate rental income. Proforma in the Documents based on actual numbers. Both units have been beautifully updated. Wonderful investment opportunity. Both sides are occupied with leases in place.

Investment highlights

Welcome to 1564-1566 E Blake Ave, Columbus, OH 43211—a beautifully updated 2,240 sq. ft. duplex built in 1926 and offering a solid investment opportunity with immediate income potential. Each side of this well-maintained property features modern finishes and thoughtful updates, with leases already in place and a professional property management company on board for truly hands-off ownership (option to keep them if desired). The property brings in $3,400/month in gross rental income. A cap rate of 11.7% managing yourself. Features include: Forced air heating & window A/C Basement with washer/dryer hookups Shared driveway with 4 off-street parking spaces Updated interiors in both units Utilities (electric, gas, sewer) covered by owner Located in a revitalizing area of Columbus, this property sits in Franklin County and within the Columbus City School District. The neighborhood is experiencing growth and redevelopment, with nearby properties poised for improvement—a value-add factor for future appreciation. You'll be near Weinland Park, Linden, and Milo-Grogan—areas gaining attention for affordable housing, city grants, and proximity to downtown Columbus. Access to major highways, public transit, and shopping makes this a desirable location for long-term tenants. Proforma based on actual financials available in documents. Whether you're looking to expand your portfolio or get started with a strong income-producing property, this duplex checks all the boxes. Don't miss out on this promising investment in one of Columbus's emerging neighborhoods!

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Listing Contacts

AA
OH 2014003309
Real Estate Opportunity
Listed by Real Estate Opportunity

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$2,291.00
$190.92/mo

Valuation Metrics

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DSCR
0.92%
Cap Rate
0.92%
ROI

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Additional Information

Name
Ann Adams
License
2014003309
Brokerage
Real Estate Opportunity
Brokerage Address
1720 Zollinger Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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