261 S Chase Avenue, Columbus, OH 43204
$1,450,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
5,663
Status:
Closed
Current Price:
$1,450,000
List Date:
8/18/2025
Last Modified:
3/12/2026
Overview
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.
Listing Details MLS# 225031239
Location Property Info
- Original List Price
- 1710000
- 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
- MLS Entry Date
- 2025-08-18
General Property Info
- Number of Units
- 12
- Building Sqft
- 2080
- Year Built
- 1948
- Built Prior to 1978
- Yes
- Lot Size (Side)
- 132
- Acreage
- 0.13
Tax Info
- Parcel #
- 010-040008
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 010-040009-00, 010-040010-00, 010-040011-00, 010-064176-00, 010-196063-00
- Tax Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 25243
Status Change Info
- Under Contract Date
- 2025-11-20
- Sold Date
- 2026-03-12
- Sold Price/SqFt
- 697.12
2 Bedroom
- 2 Bedroom # of Units
- 12
- 2 Bedroom Month Rent Per Unit
- 1100
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 793.27
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
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
- Yes
Construction
- Brick
- Yes
Parking Features
- 2 Car Garage
- Yes
- Detached Garage
- Yes
- Common
- Yes
Sewer
- Public Sewer
- Yes
Air Conditioning
- Central Air
- Yes
- Window Unit(s)
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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: March - 12 - 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 2026 Columbus Board of Realtors. All rights reserved.