217 W Hubbard Avenue, Columbus, OH 43215
Local realty services provided by:CENTURY 21 HomeStar
217 W Hubbard Avenue,Columbus, OH 43215
$734,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: elisa m lowe
Office: keller williams consultants614-932-2000
MLS#:226007726
Source:OH_CBR
Price summary
- Price:$734,900
About this home
Victorian Village 4-Unit | $79K Income | 8% Cap | ADU / 5th Unit Potential
Rare opportunity to acquire a brick four-unit located just one block from Goodale Park and approximately 5 blocks to the Short North Arts District. The property produces approximately $79,080 in current rental income with upside potential to over $92,000, offering an estimated 8% cap rate with pro-forma potential near 10% through rental optimization, supported by three units utilizing CMHA vouchers and one-bedroom payment standards in this ZIP code of approximately $1,969, the highest in Franklin County. Features four off-street parking spaces and on-site coin-operated laundry providing additional income. Current rents are $1,800, $1,645, $1,500, and one unit available for immediate lease-up, conservatively projected around $1,645 with additional upside potential. Rear parking offers additional value-add potential, as similar properties have added garage structures with residential units above, creating a potential fifth unit and additional income, subject to zoning and city approvals. Also ideal for an owner-occupant or first-time investor to leverage low down payment financing and strong rental income to offset housing costs while beginning a real estate portfolio....
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Home facts
- Year built:1900
- Subdivision & Development:Victorian Village - One Block from Goodale Park
- Listing ID #:226007726
- Added:145 day(s) ago
- Updated:August 08, 2026 at 03:23 PM
Heating and cooling
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1900
- Lot area:0.11 Acres
Finances and disclosures
- Price:$734,900
- Tax amount:$8,955
Parking
- Total parking spaces:4
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