ERA Real Solutions Realty
Listed by ERA Real Solutions Realty
$475,000
497 E Oakland Avenue
Details
APN 010-057525
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 4
NOI $34,800
Price per SqFt $152
Year Built 1969
Acreage 0.100
Multifamily | 4 Units
Marketing description
Excellent investment opportunity near Ohio State University and the Ohio Expo Center & State Fair. This fully occupied 4-unit building features four 2 bedroom, 1 bath units, providing immediate rental income potential. Each unit is separately sub-metered for all utilities, including water, offering convenience and expense control for ownership. Recent improvements include new fencing with gated access, new gutters with leaf guards, off-street parking, and updates throughout the property. With strong rental demand in the area and close proximity to dining, shopping, entertainment, and major employers in Columbus, this is a fantastic addition to any investment portfolio.
Listing Contacts
ERA Real Solutions Realty
Listed by ERA Real Solutions Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,800.00
$2,900.00/mo
Valuation Metrics
0
DSCR
7.33%
Cap Rate
7.33%
ROI
Map
Zoning
R2F-H-35 ResidentialTwo FamilyResidential 35 Foot Height District
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View all 25 uses
View all 25 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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