AVAILABLE Properties
1685 Franklin Ave, Columbus, OH 43205
OFF-MARKET COLUMBUS OPPORTUNITY – FULLY RENTED
CASH FLOWING DUPLEX
Overview
Fully rented cash flowing duplex located in the growing Columbus, OH 43205 market. Property offers stable in place income with strong rental demand and long term appreciation potential near Downtown Columbus, Franklin Park, and Olde Towne East.
Why This Deal Makes Sense
• Strong cash flow from day one
• Updated mechanicals reduce capex risk
• Turnkey income producing asset
• High demand rental market
• Long term appreciation potential
Value Add Upside
• Opportunity for future rent increases
• Refinance potential after NOI growth
• Cosmetic upside to increase value
• Strong long term equity growth potential
Location Advantage:
• Minutes from Downtown Columbus
• Near major redevelopment activity
• Strong rental demand area
• Close to healthcare, education, and employment hubs
Exit Strategies:
• Buy & hold cash flow asset
• Cash out refinance later
• Long term appreciation play
• House hack opportunity
• Future resale after NOI growth
Rare off-market deal in a prime Columbus. Deals in this pocket move quickly — especially with this kind of spread and upside. Looking to move fast. Reach out for access before it’s gone.
PROPERTY Details
Sq. Ft: 2,576 Sq Ft
Bedrooms: 4
Bathrooms: 2
Parking: Off street parking pad
Occupancy: Tenant occupied
Tenant 1 - Paying 1,695/Mo
Tenant 2 -Paying 1,625/Mo
Tenants pays all utilities
infrastructure & UTILITIES
Roof: 2018
HVAC: 2018
Plumbing: GWO (Good working order)
Electrical: Upgraded in 2022
Hot water heater: 2022
Appliances: Stainless Steel - All included in sale.
W/D: Tenant provided (Not included in sale)
Property underwent renovations in 2022
asking price
HOI: $1500/ annual
Property Taxes: $5k/ annual
Law care & Maintenance $2300/ annual
Rent is $3,320/month – $39,840 annual
ARV $485k+
Asking: $445k
ESTIMATED CAP RATE RANGE
7.7% – 9.1%
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Multiple Exit Strategies
• Buy and hold for long term cash flow
• Raise rents to market over time
• Cash out refinance in 2–5 years
• Refinance into long term fixed debt after seasoning
• 1031 exchange into larger multifamily later
• Live in one unit and rent the other (house hack)
• Short term or mid term rental conversion
• Keep as a low maintenance retirement income asset
• Seller finance exit later to another investor for premium pricing
• Improve operations and increase NOI for higher valuation
closing/touring details
$5k EMD to title upon execution of assignment of purchase agreement
Tour available upon request.
COE before 6/20/26
AREA INSIGHTS
Real Estate Market Trends:
Strong Market Growth
Columbus continues to experience strong population and economic growth driven by healthcare, education, logistics, and expanding technology sectors. The 43205 area benefits from its proximity to Downtown Columbus, Olde Towne East, Franklin Park, and major redevelopment activity, supporting long term appreciation potential and investor demand.
Rental Market Fundamentals
The Columbus rental market remains strong with consistent tenant demand and solid occupancy rates. Affordable housing inventory and rising rental demand continue supporting stable cash flow opportunities for investors in the area.
Investment Considerations
Value Add Potential: Many properties in the 43205 corridor offer opportunities for cosmetic improvements, rent increases, and operational improvements that may increase both cash flow and future resale value.
Cash Flow Opportunity: Compared to many larger metro areas, Columbus still offers relatively affordable acquisition pricing with strong rent to price ratios attractive to buy and hold investors.
Long Term Growth: Continued redevelopment throughout Downtown Columbus and surrounding east side neighborhoods continues driving renewed investor interest and appreciation potential in nearby communities including 43205.
The Columbus 43205 market continues attracting investors seeking strong rental demand, long term appreciation potential, and affordable entry points relative to many growing U.S. metro markets. With ongoing redevelopment, increasing investor activity, and stable rental fundamentals, the area remains attractive for both cash flow and long term equity growth strategies.