261 S Chase Avenue, Columbus, OH 43204
$1,650,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$1,650,000
List Date:
8/18/2025
Last Modified:
10/06/2025
Description
Excellent location adjacent to Westgate and West High School. Rare and exceptional opportunity to own 12 unit portfolio on single NNN lease through December of 2027. That's over 2 years of no property tax, insurance, maintenance, property management fees, or turnover expenses. UPDATES GALORE. Mostly all new windows, remodeled kitchens, updated bathrooms, mechanicals, electric, and newer roofs since in the past 4 years. Each unit is leased for $1,100/mo which means $13,200 a month in gross rents without expenses. Shared basements with laundry hookups. Very well maintained. All units have wide concrete parking pads from lot line to lot line and/or two car detached garages. Curb offers only, please do not disturb tenants.
Supplements: ********
More Information MLS# 225031239
Location & Property Info
List Price/SqFt: 793.27
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Building Sqft: 2080
Lot Size (Side): 132
Number of Units: 12
Year Built: 1948
Acreage: 0.13
Tax Info
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 010-040009-00, 010-040010-00, 010-040011-00, 010-064176-00, 010-196063-00
Tax Abatement: No
Taxes (Yrly): 25243
Parcel #: 010-040008
Tax Year: 2024
Remarks & Misc
Property Description: Excellent location adjacent to Westgate and West High School. Rare and exceptional opportunity to own 12 unit portfolio on single NNN lease through December of 2027. That's over 2 years of no property tax, insurance, maintenance, property management fees, or turnover expenses. UPDATES GALORE. Mostly all new windows, remodeled kitchens, updated bathrooms, mechanicals, electric, and newer roofs since in the past 4 years. Each unit is leased for $1,100/mo which means $13,200 a month in gross rents without expenses. Shared basements with laundry hookups. Very well maintained. All units have wide concrete parking pads from lot line to lot line and/or two car detached garages. Curb offers only, please do not disturb tenants.
Income/Expenses
Gross Income: 158400
Net Operating Income: 158400
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 12
2 Bedroom Month Rent Per Unit: 1100
Construction
Brick: 1
Parking Features
2 Car Garage: 1
Detached Garage: 1
Common: 1
Sewer
Public Sewer: 1
Auction Info
Auction/Online Bidding Y/N: No
Air Conditioning
Central Air: 1
Window Unit(s): 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1710000
List Price: $1,650,000
Property Sub Type: Duplex
Street #: 261
Street PreDirection: S
Street Name: Chase
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43204
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2025-08-18
Property Features
Addl Acceptance Cond: None Known
Parking Features: 2 Car Garage; Detached Garage; Common
Air Conditioning: Central Air; Window Unit(s)
Construction: Brick
Sewer: Public Sewer
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Keller Williams Consultants
Listing Agent: Oliver Chapman
Last Updated: October - 06 - 2025
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