NOT LISTED FOR SALE

171 S 177 1 2 S Seventeenth St Columbus, OH 43205

Olde Towne East Neighborhood
-- Bed
-- Bath
5,220 Sq Ft
5,227 Sq Ft Lot

Last Sold March 29, 2024

Last sale price $529,000 $101 Per Sq Ft

66 Days on Market

About This Home

As of March 2024

Here, finally, is an investment property that makes sense. A rare 8 unit, comprised of efficiency apartments, in a stellar Olde Towne East location. Rents of over $6,000/month from a well-managed building that has upgraded units as they become vacant over the years. Some units are better updated than others but all 8 are currently rented - leases attached. Owner pays utilities. The full basement is underutilized and could bring in more for coin-op or storage potentially. This is a needle in a haystack of over-priced investment options, put this building in your portfolio.

Last Agent to Sell the Property

Joseph Peffer

Delicious Real Estate Group License #2008002258 Listed on: 03/14/2024

Last Buyer's Agent

Brandon Chase

Red 1 Realty License #2023006541

Red 1 Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,630

Year Built

  • Built in 1940

Lot Details

  • 5,227

Home Design

  • 5,220 Sq Ft Home

Additional Features

  • 5,227 Sq Ft Lot
  • Gas Available

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, water
  • Assessor Parcel Number 010-004039

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $56,811
  • Gross Income $70,881
  • Net Operating Income $14,070

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,630

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1940
  • Tax Year: 2022
  • Property Sub-Type: Apartment
  • Lot Size Acres: 0.12
  • Total Gross Income: 70881.0
  • Co List Office Phone: 614-358-5515
  • MLS Status: Closed
  • Subdivision Name: Olde Towne East
  • Income Expenses Gross Income: 70881.0
  • Annual Expenses: 56811.0
  • General Property Info Building Sq Ft: 5220.0
  • General Property Info # of Buildings: 1.0
  • Owner Pays Electric5: Yes
  • Owner Pays Gas6: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-004039
  • Lot Size Sq Ft: 5227.2

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 14070.0
  • Annual Operating Expense: 56811.0

Tax Info

  • Tax Annual Amount: 5630.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $529,000 -11.8% $101 / Sq Ft
01/10/2024 01/10/24 For Sale $599,900 -- $115 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joseph Peffer

    Seller's Agent in 2024

    Joseph Peffer

    Delicious Real Estate Group

    (614) 940-9100

    3 in this area

    105 Total Sales

    Joseph Peffer
    Section Image

  • B

    Buyer's Agent in 2024

    Brandon Chase

    Red 1 Realty

    (614) 638-2595

    1 in this area

    17 Total Sales

    Brandon Chase
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 224000939

Columbus and Central Ohio Regional MLS

Ohio Franklin County Columbus 43205 Olde Towne East

171 S 177 1 2 S Seventeenth St, Columbus, OH

This home is located at 171 S 177 1 2 S Seventeenth St, Columbus, OH 43205 since 14 March 2024. This property was built in 1940. 171 S 177 1 2 S Seventeenth St is a home located in Franklin County with nearby schools including Ohio Avenue Elementary School, Champion Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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