85-87 N Yale Avenue, Columbus, OH 43222
$279,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
3,049
Status:
Active
Current Price:
$279,900
List Date:
2/28/2026
Last Modified:
4/04/2026
Overview
Description
**A Smart Investment Opportunity Awaits**
Welcome to your next income-generating gem in the heart of Columbus! This multi-family property offers a fantastic opportunity for investors and owner-occupants alike. With three bedrooms and one bathroom on each side, this duplex is perfectly positioned to deliver steady rental income while keeping your purchase price accessible.
The numbers don't lie. Each side of the duplex brings in $1,550 per month, with a potential for $3,100 monthly (one side is currently vacant) and $36,000 in potential gross annual rental income. At this price point, factoring in 30% in operating expenses, that translates to an impressive 8.5%-9% capitalization rate when fully occupied. Whether you choose to live in one unit and rent the other, or collect rent from both sides, this property puts your money to work from day one. Few investments offer this kind of immediate cash flow potential without breaking the bank.
Please see A2A for more details about income and expenses.
Schedule your private showing today and start building your portfolio tomorrow!
*Please do not disturb tenants on occupied side 87*
Listing Details MLS# 226005663
Location Property Info
- Original List Price
- 279900
- Property Sub Type
- Duplex
- Street #
- 85-87
- Street PreDirection
- N
- Street Name
- Yale
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43222
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2026-02-27
General Property Info
- Number of Units
- 2
- Building Sqft
- 2431
- Year Built
- 1910
- Built Prior to 1978
- Yes
- Occupancy Rate
- 50
- Lot Size (Side)
- 106
- Acreage
- 0.07
Tax Info
- Parcel #
- 010-030197
- Tax Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 2484
3 Bedroom
- 3 Bedroom # of Units
- 1550
- 3 Bedroom Month Rent Per Unit
- 1550
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 115.14
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Franklin
Office/Contract Info
- Active on MLS
- 2026-02-28
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- **A Smart Investment Opportunity Awaits** Welcome to your next income-generating gem in the heart of Columbus! This multi-family property offers a fantastic opportunity for investors and owner-occupants alike. With three bedrooms and one bathroom on each side, this duplex is perfectly positioned to deliver steady rental income while keeping your purchase price accessible. The numbers don't lie. Each side of the duplex brings in $1,550 per month, with a potential for $3,100 monthly (one side is currently vacant) and $36,000 in potential gross annual rental income. At this price point, factoring in 30% in operating expenses, that translates to an impressive 8.5%-9% capitalization rate when fully occupied. Whether you choose to live in one unit and rent the other, or collect rent from both sides, this property puts your money to work from day one. Few investments offer this kind of immediate cash flow potential without breaking the bank. Please see A2A for more details about income and expenses. Schedule your private showing today and start building your portfolio tomorrow! *Please do not disturb tenants on occupied side 87*
Income/Expenses
- Gross Income
- 18000
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- On Street
- Yes
Sewer
- Public Sewer
- Yes
Tenant Pays
- Electricity
- Yes
Alternate Uses
- Commercial
- Yes
Heating
- Forced Air
- Yes
- Hot Water
- Yes
New Financing
- Conventional
- Yes
- Other
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Gas
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
On Street
Owner Pays:
Gas; Sewer; Trash; Water
Tenant Pays:
Electricity
Heat Fuel:
Gas
Heating:
Forced Air; Hot Water
Air Conditioning:
Central Air
Sewer:
Public Sewer
Alternate Uses:
Commercial
New Financing:
Conventional; Other
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Coldwell Banker Realty
Listing Agent:
Katharine A Blades
Last Updated: April - 04 - 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.