1566 E Blake Ave - Multi-Family FOR SALE


Columbus, OH 43211- South Linden
$289,900 USD
614-483-2315
1566 E Blake Ave, Columbus, OH for Sale
$289,900 USD
Multi-Family - FOR SALE
1/12
null | 11.7% Cap Rate

1566 E Blake Ave
Columbus, OH 43211
South Linden


OVERVIEW

Welcome to 1564-1566 E Blake Ave, Columbus, OH 43211—a beautifully updated 2,240 sq. ft. duplex built in 1926 and offering a solid investment opportunity with immediate income potential. Each side of this well-maintained property features modern finishes and thoughtful updates, with leases already in place and a professional property management company on board for truly hands-off ownership (option to keep them if desired). The property brings in $3,400/month in gross rental income. A cap rate of 11.7% managing yourself. Features include: Forced air heating & window A/C Basement with washer/dryer hookups Shared driveway with 4 off-street parking spaces Updated interiors in both units Utilities (electric, gas, sewer) covered by owner Located in a revitalizing area of Columbus, this property sits in Franklin County and within the Columbus City School District. The neighborhood is experiencing growth and redevelopment, with nearby properties poised for improvement—a value-add factor for future appreciation. You'll be near Weinland Park, Linden, and Milo-Grogan—areas gaining attention for affordable housing, city grants, and proximity to downtown Columbus. Access to major highways, public transit, and shopping makes this a desirable location for long-term tenants. Proforma based on actual financials available in documents. Whether you're looking to expand your portfolio or get started with a strong income-producing property, this duplex checks all the boxes. Don't miss out on this promising investment in one of Columbus's emerging neighborhoods!

FOR SALE DETAILS

PRICE

$289,900 USD

PRICE/SF

$129 USD /SF

# OF UNITS

2

PRICE/UNIT

$144,950

CAP RATE

11.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1564-1566 E Blake Avenue Columbus OH 43211

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

010-060889

ASK ABOUT THIS PROPERTY

Ann AdamsReal Estate OpportunityMore Info
614-483-2315

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Ann AdamsReal Estate OpportunityMore Info
614-483-2315

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