217 W Hubbard Avenue, Columbus, OH 43215
$734,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
4,792
Status:
Active
Current Price:
$734,900
List Date:
5/10/2026
Last Modified:
5/10/2026
Overview
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.
Listing Details MLS# 226007726
Location Property Info
- Original List Price
- 749900
- 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
- MLS Entry Date
- 2026-03-16
General Property Info
- Number of Units
- 4
- # of Buildings
- Yes
- Total Parking
- 4
- Off Street Parking Spaces
- 656
- Building Sqft
- 2529
- Year Built
- 1900
- Built Prior to 1978
- Yes
- Occupancy Rate
- 75
- Acreage
- 0.11
Tax Info
- Parcel #
- 010-023595
- Tax Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 8955
1 Bedroom
- 1 Bedroom # of Units
- 4
Expenses
- R.E. Taxes
- 9046.5
- Property Insurance
- 1793
- Electricity Expense
- 4038.26
- Gas Expense
- 2329.03
- Water Expense
- 1807.02
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 290.59
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
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
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- Assigned
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
- W/D Hookups
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
- FHA
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Electric
- Yes
- Gas
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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
Documents
CMHA Rent Standard 1969.00 ›
Listing Office:
Keller Williams Consultants
Listing Agent:
Elisa M Lowe
Last Updated: May - 10 - 2026
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