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33833699
33833698

181-183 Olentangy Street, Columbus, OH 43202

OC
OH 2013004396, cr.2013004396
Keller Williams Consultants
Listed by Keller Williams Consultants
$525,000
0 days on market
Updated 0 days ago

181-183 Olentangy Street

Details
Property Type Multifamily
Sub Type Student Housing, House hacking (+1)
Square Footage 2,352
Units 3
Cap Rate 3.43%
NOI $18,000
Occupancy 50%
Tenancy Single
Rent Bumps No
Pro-Forma Cap Rate 10.06%
Pro-Forma NOI $52,800
Price per SqFt $223
Class B
Year Built 1920
Buildings 1
Acreage 0.110
Zoning R- Residential
Parking Spaces 3 spaces
Parking Per SqFt 1.28
Investment Type Stabilized

Clintonville/ OSU Duplex Investment Opportunity

Marketing description

First time offered for sale in over 40 years! This well-maintained Clintonville duplex presents an exceptional investment opportunity in one of Columbus' most sought-after neighborhoods. Whether you're looking to house hack, expand your rental portfolio, or capitalize on the area's strong student and professional rental demand, this property checks all the boxes.

Each side features 3 spacious bedrooms, 1 full bath, updated kitchens and bathrooms, beautiful hardwood floors, decorative fireplaces, and original woodwork that showcases the home's timeless 1920s character. Covered front porches provide the perfect place to relax, while the second-floor hardwood floors and charming architectural details add warmth and appeal throughout.

The property has been thoughtfully maintained with updated electric panels and separate full dry basements with laundry hookups for each unit. Outside, tenants will appreciate three off-street parking spaces, a rear fire pit gathering area, and low-maintenance outdoor living.

Located on a quiet street in the heart of Clintonville, residents enjoy easy access to High Street's popular restaurants, coffee shops, breweries, and local businesses, while remaining just minutes from The Ohio State University, the Olentangy Trail, Whetstone Park of Roses, and major commuter routes. This classic duplex offers the rare combination of character, location, and long-term investme

Investment highlights

Rare Clintonville Duplex – First time on the market since 1985.

Two 3BR/1BA Units – Desirable unit mix with broad tenant appeal.

Strong Rental Location – Minutes from Ohio State University, High Street, and major employment centers.

House Hack Opportunity – Live in one unit and offset your mortgage with rental income from the other.

Student Housing Potential – Six total bedrooms in a high-demand rental corridor.

Value-Add Potential – Opportunity to increase rents over time while benefiting from neighborhood appreciation.

Updated Interiors – Renovated kitchens and bathrooms reduce immediate capital expenditures.

Major Electrical Updates – Updated electric panels

Hardwood Floors & Original Character – Features that attract quality tenants and support premium rents.

Full Basements – Separate laundry hookups and additional storage for each unit.

Off-Street Parking – Three dedicated rear parking spaces, a valuable amenity in Clintonville.

Outdoor Amenities – Rear fire pit area and covered front porches enhance tenant appeal.

Quiet Residential Street – Attractive setting while remaining close to retail, dining, and entertainment.

Proximity to Recreation – Near Olentangy Trail, Whetstone Park of Roses, and numerous neighborhood amenities.

High Barrier-to-Entry Neighborhood – Clintonville remains one of Columbus' most stable and sought-after rental markets with limited multifamily inventory.

Listing Contacts

OC
OH 2013004396, cr.2013004396
Keller Williams Consultants
Listed by Keller Williams Consultants

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$18,000.00
$1,500.00/mo

Valuation Metrics

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DSCR
3.43%
Cap Rate
3.43%
ROI

Map

Zoning

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R3-H-35 ResidentialSingle FamilyResidential 35 Foot Height District
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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