186 Avondale Avenue, Columbus, OH 43223

$100,000
Property Type: Multi-Family Lot Size (sq. ft.): 4,356 Status: Pending
Current Price: $100,000 List Date: 12/16/2025 Last Modified: 1/27/2026

Description

BEST & HIGHEST OFFERS DUE BY FRIDAY JANUARY 16TH, 5:00 PM 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.

Supplements: ********

More Information MLS# 225044758

Location & Property Info

List Price/SqFt: 127.55 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

# of Buildings: 1 Occupancy Rate: 0 Built Prior to 1978: Yes Building Sqft: 784 Lot Size (Side): 129 Use Code: 530 - 3-FAM DWELL:PLATTED LOT Number of Units: 1 Year Built: 1900 Acreage: 0.1

Tax Info

Zoning: R2F Mult Parcels/Sch Dis: No Tax Abatement: No Taxes (Yrly): 5388 Tax Incentive: No Parcel #: 010-019919 Tax Year: 2024

Remarks & Misc

Property Description: BEST & HIGHEST OFFERS DUE BY FRIDAY JANUARY 16TH, 5:00 PM 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.

Income/Expenses

Gross Income: 0 Net Operating Income: 0 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

2 Bedroom

2 Bedroom # of Units: 1 2 Bedroom Month Rent Per Unit: 1150

Construction

Vinyl Siding: 1

Heat Fuel

Electric: 1

Parking Features

2 Off Street: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Services Available

Electricity Available: 1 Natural Gas Available: 1 Sewer Available: 1 Storm Sewer: 1 Water Available: 1

Tenant Pays

Gas: 1 Sewer: 1 Water: 1 Electricity: 1

Auction Info

Auction/Online Bidding Y/N: No

Heating

Forced Air: 1

Air Conditioning

Window Unit(s): 1

Owner Pays

Trash: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 100000 List Price: $100,000 Property Sub Type: Duplex Street #: 186 Street Name: Avondale Street Suffix: Avenue County: Franklin State: OH Zip Code: 43223 School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Pending MLS Entry Date: 2025-12-04

Status Change Info

Under Contract Date: 2026-01-27

Property Features

Addl Acceptance Cond: None Known Parking Features: 2 Off Street Owner Pays: Trash Tenant Pays: Electricity; Gas; Sewer; Water Heat Fuel: Electric Heating: Forced Air Air Conditioning: Window Unit(s) Construction: Vinyl Siding Water Source: Public Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available MLS Primary PhotoSrc: Realtor Provided
Listing Office: Verti Commercial Real Estate L
Listing Agent: Brett A Ludwig
Last Updated: January - 27 - 2026
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2025 Columbus Board of Realtors. All rights reserved.