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$ 120,000
Est. payment /mo
Active Under Contract
186 Avondale Avenue Columbus, OH 43223
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 225044758
Year Built 1900
Annual Tax Amount $5,388
Lot Size 4,356 Sqft
Lot Dimensions 0.1
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
Outstanding opportunity for investors seeking cash flow today and development potential tomorrow.
Located in the rapidly evolving Franklinton neighborhood. This R2F-zoned parcel offers rare flexibility for investors, developers, or owner-occupants seeking long-term value in one of Columbus's most active redevelopment corridors.
The property includes a recently renovated 2-bed, 1-bath single-family home that is move-in ready and was last rented for $1,150/month, providing immediate income potential. Renovations include new flooring, light fixtures, W/D hookup, stainless appliances, cabinets, and quartz countertops.
Additional upside can be realized as zoning allows for a duplex to be built on the site, creating a strong path for value-add development or a future multi-unit hold strategy. Whether you choose to maintain the updated home, add a second unit, or redevelop entirely, the parcel delivers meaningful optionality in a supply-constrained urban submarket.
Franklinton continues to benefit from significant public and private investment, expanding retail, new residential construction, and improving infrastructure, driving steady renter demand and long-term appreciation.
Located in the rapidly evolving Franklinton neighborhood. This R2F-zoned parcel offers rare flexibility for investors, developers, or owner-occupants seeking long-term value in one of Columbus's most active redevelopment corridors.
The property includes a recently renovated 2-bed, 1-bath single-family home that is move-in ready and was last rented for $1,150/month, providing immediate income potential. Renovations include new flooring, light fixtures, W/D hookup, stainless appliances, cabinets, and quartz countertops.
Additional upside can be realized as zoning allows for a duplex to be built on the site, creating a strong path for value-add development or a future multi-unit hold strategy. Whether you choose to maintain the updated home, add a second unit, or redevelop entirely, the parcel delivers meaningful optionality in a supply-constrained urban submarket.
Franklinton continues to benefit from significant public and private investment, expanding retail, new residential construction, and improving infrastructure, driving steady renter demand and long-term appreciation.
Location
State OH
County Franklin
Area 0.1
Zoning R2F
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-019919
Listed by Brett A Ludwig Verti Commercial Real Estate L