1564-1566 E Blake Avenue, Columbus, OH 43211
$230,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
4,356
Status:
Closed
Current Price:
$230,000
List Date:
8/25/2025
Last Modified:
6/11/2026
Overview
Description
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 almost 9%.
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!
Listing Details MLS# 225026714
Location Property Info
- Original List Price
- 289900
- Property Sub Type
- Duplex
- Street #
- 1564-1566
- Street PreDirection
- E
- Street Name
- Blake
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43211
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2025-07-17
General Property Info
- Number of Units
- 2
- Building Sqft
- 2240
- Year Built
- 1926
- Built Prior to 1978
- Yes
- Lot Size (Side)
- 120
- Acreage
- 0.1
Tax Info
- Parcel #
- 010-060889
- Tax Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 2103
Status Change Info
- Under Contract Date
- 2026-04-30
- Sold Date
- 2026-06-11
- Sold Price/SqFt
- 102.68
3 Bedroom
- 3 Bedroom # of Units
- 2
- 3 Bedroom Month Rent Per Unit
- 1700
More Information
Financials
- Gross Rental Income
- 40800
Expenses
- R.E. Taxes
- 2103
- Property Insurance
- 1000
- Off-Site Management
- 2713.2
- Repairs&Maintenance
- 3600
Auction Info
- Auction/Online Bidding Y/N
- No
Sale Info
- Seller Assisted Fin
- N
Location & Property Info
- List Price/SqFt
- 111.61
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- 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 almost 9%. 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!
Income/Expenses
- Gross Income
- 40800
- Net Operating Income
- 34097
- Total Expenses
- 6703
Addl Acceptance Cond
- None Known
- Yes
Construction
- Frame
- Yes
Heat Fuel
- Electric
- Yes
Parking Features
- 2 Off Street
- Yes
- No Garage
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Miscellaneous
- Basement
- Yes
- W/D Hookups
- Yes
Alternate Uses
- Residential
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
- Other
- Yes
Air Conditioning
- Window Unit(s)
- Yes
Owner Pays
- Electric
- Yes
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
2 Off Street; No Garage
Owner Pays:
Electric; Gas; Sewer; Water
Heat Fuel:
Electric
Heating:
Forced Air
Air Conditioning:
Window Unit(s)
Construction:
Frame
Water Source:
Public
Sewer:
Public Sewer
Miscellaneous:
Basement; W/D Hookups
Alternate Uses:
Residential
New Financing:
Conventional; Other
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Real Estate Opportunity
Listing Agent:
Ann Adams
Last Updated: June - 11 - 2026
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