
OwnerLand Realty, Inc.
Listed by OwnerLand Realty, Inc.
$324,900
368 E Morrill Avenue #366
Details
APN 010-299082
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $24,483
Price per SqFt $156
Year Built 1910
Year Renovated 2018
Acreage 0.120
Multifamily | 2 Units
Marketing description
Fully updated Merion Village duplex offering immediate income and real upside. Each unit features 3 bedrooms and 1 full bath with modern kitchens, updated bathrooms, newer flooring, windows, HVAC, water heaters, and fixtures throughout. Unit 366 is currently leased at $1,275/month through April 2026, providing instant cash flow, with market rent estimated around $1,400/month. Unit 368 has been owner occupied for the past two years and will be delivered vacant at closing, perfect for an owner occupant looking to offset their payment or an investor ready to place a new tenant at market rates. Tenants pay their own utilities, helping keep expenses manageable. Convenient location close to downtown Columbus, major highways, parks, dining, and shopping with strong rental demand. Back on the market on May 4, 2026 as buyer's loan was not approved.
Listing Contacts

OwnerLand Realty, Inc.
Listed by OwnerLand Realty, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$24,483.00
$2,040.25/mo
Valuation Metrics
0
DSCR
7.54%
Cap Rate
7.54%
ROI
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