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31429351
31429374

1195-1197 Sidney Street, Columbus, OH 43201

SH
2015002873
Coldwell Banker King Thompson Columbus
Listed by Coldwell Banker King Thompson Columbus
$375,000
51 days on market
Updated 51 days ago

1195-1197 Sidney Street

Details
APN 010-306054-00
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $3,000
Occupancy 100%
Price per SqFt $145
Year Built 1927
Year Renovated 2023
Parking Spaces 2 spaces

Multifamily | 2 Units

Marketing description

Fully renovated and positioned for multiple exit strategies, this duplex offers a rare combination of quality, flexibility, and long-term upside. Taken down to the studs in 2023, both units feature all-new electrical, plumbing, HVAC, roof, siding, windows and basement waterproofing system. This is a true rebuild, not a surface-level renovation, giving investors confidence in lower maintenance and more predictable operating costs. Each unit offers 2 bedrooms and 2 full bathrooms with a functional layout that attracts strong tenant demand. Full unfinished basements on both sides provide additional storage and potential for future value-add. Tenants also enjoy private outdoor spaces with a privacy fence, along with a detached two-car garage, a major advantage for rentability. Located just off 5th Avenue with immediate access to I-71, the property sits in a high-demand rental corridor with easy access to downtown Columbus and key employment centers. The property is fully occupied, delivering immediate cash flow from day one. What sets this opportunity apart is its built-in flexibility. The property has already been rezoned as condominiums, with an HOA in place. This gives a future owner the ability to sell the units individually, creating a clear exit strategy beyond traditional hold scenarios. In addition, the sale includes an adjacent vacant lot that is potentially buildable, opening the door for further development or expansion. Whether you're looking for a stabilized long-term rental, a short-term rental play, a condo conversion exit, or future development potential, this property checks every box. Opportunities of this level of optionality and execution are hard to come by in Columbus. Seller is a Realtor in Ohio.
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Listing Contacts

SH
2015002873
Coldwell Banker King Thompson Columbus
Listed by Coldwell Banker King Thompson Columbus

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$3,000.00
$250.00/mo

Valuation Metrics

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DSCR
0.8%
Cap Rate
0.8%
ROI

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