153 S 17th St - Multi-Family FOR SALE


Columbus, OH 43205- Olde Town East
$669,000 USD
614-554-4408
153 S 17th St, Columbus, OH for Sale
$669,000 USD
Multi-Family - FOR SALE
1/55
null | Request Cap Rate

153 S 17th St
Columbus, OH 43205
Olde Town East


HIGHLIGHTS

  • In-Place Income with Near-Term Upside - Current in-place rents: $3,600/month / $43,200 annually
  • Unit 153 (2BD/1BA) leased month-to-month at below-market rent leased to long term tenant since 2013
  • No capital expenditures anticipated; major systems, roof, and utilities already upgraded
  • Gutted to the studs in 2008–2009, including all new interior, HVAC, DWV plumbing, 200-amp electric, lead paint and asbestos abatement, updated servi

OVERVIEW

A fully renovated duplex in the heart of Olde Towne East, ideal for an owner-occupant or investor. Built in 1909 and gutted to the studs in 2008–2009, the property features all new HVAC, DWV plumbing, 200-amp electric, lead paint and asbestos abatement, updated service lines, and a newer roof (2019). Ownership reports no deferred maintenance. The ±3,835 SF duplex includes a 3BD/2BA unit (2,335 SF) leased at $2,250/month through August 2026 with a private 15’ x 30’ private 2nd floor deck and a 2BD/1BA unit (1,500 SF) occupied by a long-term tenant (for 13 years) on month-to-month at a below-market $1,350/month. Both units feature hardwood floors, stainless appliances, large open rooms, original woodwork, and access to outdoor living areas including a large paver patio and private decks. Additional highlights include four off-street parking spaces, a large brick pave patio and tenant-paid utilities with water sub-metering. Seller has preliminary plans for a 3-car garage with a carriage house, supported by the City of Columbus’ approval of legislation permitting Accessory Dwelling Units (ADUs). This offers a potential value-add opportunity. Located minutes from Downtown, Franklin Park, and major employment centers, this property combines historic character, modern systems, and long-term value in a prime Olde Towne East location. Many recent updates and extremely well maintained by long term owner.

FOR SALE DETAILS

PRICE

$669,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

2

PRICE/UNIT

$334,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated duplex in Olde Towne East

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R3

APN/PARCEL ID

010-298141

ASK ABOUT THIS PROPERTY

Doug TenenbaumHanna Commercial Real EstateMore Info
614-554-4408

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Doug TenenbaumHanna Commercial Real EstateMore Info
614-554-4408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.