217 W Hubbard Avenue, Columbus, OH 43215
New Listing
$749,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
4,792
Status:
Active
Current Price:
$749,900
List Date:
3/16/2026
Last Modified:
3/17/2026
Description
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.
Supplements: ********
More Information MLS# 226007726
Location & Property Info
List Price/SqFt: 296.52
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Occupancy Rate: 75
Built Prior to 1978: Yes
Total Parking: 4
Off Street Parking Spaces: 656
Building Sqft: 2529
Number of Units: 4
Year Built: 1900
Acreage: 0.11
Tax Info
Tax Abatement: No
Taxes (Yrly): 8955
Parcel #: 010-023595
Tax Year: 2024
Remarks & Misc
Property Description: 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.
Income/Expenses
Gross Income: 79080
Net Operating Income: 60066.19
Total Expenses: 19013.81
Addl Acceptance Cond
None Known: 1
Expenses
R.E. Taxes: 9046.5
Property Insurance: 1793
Electricity Expense: 4038.26
Gas Expense: 2329.03
Water Expense: 1807.02
1 Bedroom
1 Bedroom # of Units: 4
Construction
Brick: 1
Heat Fuel
Gas: 1
Parking Features
Assigned: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
Miscellaneous
Basement: 1
W/D Hookups: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
New Financing
Conventional: 1
FHA: 1
Air Conditioning
Central Air: 1
Owner Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 749900
List Price: $749,900
Property Sub Type: Midrise
Street #: 217
Street PreDirection: W
Street Name: Hubbard
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43215
Subdiv/Cmplx/Comm: Victorian Village - One Block from Goodale Park
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-03-16
Property Features
Addl Acceptance Cond: None Known
Parking Features: Assigned
Owner Pays: Electric; Gas; Sewer; Trash; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Water Source: Public
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Water Available
Miscellaneous: Basement; W/D Hookups
New Financing: Conventional; FHA
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Keller Williams Consultants
Listing Agent:
Elisa M Lowe
Last Updated: March - 17 - 2026
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