205 S Princeton Avenue, Columbus, OH 43223 (MLS# 225037497)

205 S Princeton Avenue, Columbus, OH 43223

$199,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,424 Lot Size (sq. ft.): 3,920 Status: Contingent

Current Price: $199,000 List Date: 10/03/2025 Last Modified: 3/13/2026

Overview

Description

HUGE PRICE DROP & TAX ABATEMENT APPROVED! An incredible opportunity in Franklinton just got even better with a major price reduction. Whether you're seeking a smart investment or a future home to make your own, this property offers outstanding value, with room to add equity by addressing a few remaining fixes. The home has been freshly cleaned and can be move‑in ready. The most recent tenants loved the home and the location, and they paid $1,600/month, highlighting the strong rental appeal and desirability of the area. Renovated in 2020, the home features 3 bedrooms, 2 full baths, and a modern layout. The first floor includes large, bright living & dining areas, and first‑floor laundry area. The kitchen is equipped with granite countertops & stainless-steel appliances. Both bathrooms have been updated, and the home carries a clean, neutral color palette throughout. There is also tons of additional storage space available in the large unfinished basement. Major improvements from the 2020 renovation include a new roof, updated windows (with glass block in the basement), refreshed mechanicals, and exterior paint. Outdoor spaces include a welcoming front porch, a back deck with new railings, and a fully fenced yard that can be used for off-street parking. Major improvements from the 2020 renovation include a new roof, updated windows (with glass block in the basement), and a new furnace & hot water heater. Located in the heart of Franklinton, you're minutes from Downtown Columbus, Land‑Grant Brewing, COSI, and quick access to I‑70. With its approved tax abatement, modern updates, strong rental history, and the opportunity to build additional value, 205 S Princeton stands out as a smart buy in one of Columbus's fastest‑growing neighborhoods.

Listing Details MLS# 225037497

Location Property Info

Property Sub Type: Single Family Residence
Original List Price: 205000
Street #: 205
Street PreDirection: S
Street Name: Princeton
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43223
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2025-10-03

General Property Info

Total Baths: 2
Baths F.H: 2
Full Baths: 2
Built Prior to 1978: Yes
Off Street Parking Spaces: 2
Year Built: 1914
SqFt Documented: 1424
Documented SqFt Source: Realist
SqFt ATFLS: 1424
ATFLS Source: Realist
Lot Size (Side): 125
Acreage: 0.09
Manufactured Housing Y/N: No
HOA/COA Y/N: No
Comm Dev Chrg: No

Tax Info

Parcel #: 010-048049
Tax Year: 2024
Tax Abatement: Yes
Abatement End Date: 2034-12-31
Taxes (Yrly): 2827

Bedroom Level

Beds UP1: 3

Full Baths Level

Full Baths UP1: Yes
Full B Entry Level: Yes

More Information

Living Room Level

Living R Entry Level: Yes

Dining Room Level

Dining Entry Level: Yes

Eating Space Level

Eating S Entry Level: Yes

Utility Space Level

Utility Entry Level: Yes

Basement

Basement Y/N: Yes

Fireplace

Total Fireplaces: Yes
One: Yes
Decorative: Yes

Accessory Dwelling Unit

Existing Accessory Dwelling Unit: No

Accessible Features

Accessible Features - Form Required: No

Auction Info

Auction/Online Bidding Y/N: No

Green Features

Green Features Y/N - Form Required: No

Location & Property Info

List Price/SqFt: 139.75
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
New Construction: No

Remarks & Misc

Property Description: HUGE PRICE DROP & TAX ABATEMENT APPROVED! An incredible opportunity in Franklinton just got even better with a major price reduction. Whether you're seeking a smart investment or a future home to make your own, this property offers outstanding value, with room to add equity by addressing a few remaining fixes. The home has been freshly cleaned and can be move‑in ready. The most recent tenants loved the home and the location, and they paid $1,600/month, highlighting the strong rental appeal and desirability of the area. Renovated in 2020, the home features 3 bedrooms, 2 full baths, and a modern layout. The first floor includes large, bright living & dining areas, and first‑floor laundry area. The kitchen is equipped with granite countertops & stainless-steel appliances. Both bathrooms have been updated, and the home carries a clean, neutral color palette throughout. There is also tons of additional storage space available in the large unfinished basement. Major improvements from the 2020 renovation include a new roof, updated windows (with glass block in the basement), refreshed mechanicals, and exterior paint. Outdoor spaces include a welcoming front porch, a back deck with new railings, and a fully fenced yard that can be used for off-street parking. Major improvements from the 2020 renovation include a new roof, updated windows (with glass block in the basement), and a new furnace & hot water heater. Located in the heart of Franklinton, you're minutes from Downtown Columbus, Land‑Grant Brewing, COSI, and quick access to I‑70. With its approved tax abatement, modern updates, strong rental history, and the opportunity to build additional value, 205 S Princeton stands out as a smart buy in one of Columbus's fastest‑growing neighborhoods.

Addl Acceptance Cond

None Known: Yes

Levels

Two: Yes

Architectural Style

Traditional: Yes

Common Walls

No Common Walls: Yes

Parking Features

Assigned: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Basement Description

Full: Yes

Foundation

Block: Yes

Rooms

1st Flr Laundry: Yes

Heating

Forced Air: Yes
Gas: Yes

New Financing

Conventional: Yes
FHA: Yes
VA: Yes
Other: Yes

Den/Home Office Level

Den/Home Office UP1: Yes

Interior Flooring

Carpet: Yes
Ceramic/Porcelain: Yes
Vinyl: Yes
Wood: Yes

Interior Amenities

Dishwasher: Yes
Electric Dryer Hookup: Yes
Gas Range: Yes
Gas Water Heater: Yes
Microwave: Yes
Refrigerator: Yes

Cmplex/Sub Amenities

Sidewalk: Yes

Patio and Porch Features

Porch: Yes

Fencing

Fenced: Yes

Exterior

Vinyl Siding: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Leased Items Y/N

Leased Items: No

Property Features

Levels: Two Architectural Style: Traditional Common Walls: No Common Walls Addl Acceptance Cond: None Known Parking Features: Assigned Basement Description: Full Foundation: Block Exterior: Vinyl Siding Rooms: 1st Flr Laundry Fireplace: One; Decorative Heating: Forced Air; Gas Interior Flooring: Carpet; Ceramic/Porcelain; Vinyl; Wood Sewer: Public Sewer Water Source: Public Interior Amenities: Dishwasher; Electric Dryer Hookup; Gas Range; Gas Water Heater; Microwave; Refrigerator Patio and Porch Features: Porch Fencing: Fenced New Financing: Conventional; FHA; VA; Other MLS Primary PhotoSrc: Realtor Provided

Listing Office: Red 1 Realty

Listing Agent: Amy M Vega

Last Updated: March - 13 - 2026

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