$1,650,000
UNDER CONTRACT $60K PRICE DROP

261 S Chase Ave Columbus, OH 43204

Westgate Neighborhood

Estimated payment $10,792/month

Total Views 3,576
-- Bed
-- Bath
2,080 Sq Ft
$793 Price per Sq Ft

About This Home

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 Agent

Oliver Chapman

Keller Williams Consultants License #2013004396 Listed on: 08/18/2025

Keller Williams Consultants

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,243

Year Built

  • Built in 1948

Lot Details

  • 5,663 Sq Ft Lot
  • Additional Parcels

Home Design

  • 2,080 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Parking

  • Detached Garage
  • Common or Shared Parking

Utilities

  • Window Unit Cooling System
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 010-040008

Community Details

Overview

  • 12 Units

Building Details

  • Gross Income $158,400
  • Net Operating Income $158,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,243

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1948
  • Tax Year: 2024
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.13
  • Total Gross Income: 158400.0
  • Co List Office Phone: 614-932-2000
  • MLS Status: Contingent
  • Location Property Info List PriceSqFt: 793.27
  • Remarks Misc Hot Sheet Comments: price
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 158400.0
  • General Property Info Building Sq Ft: 2080.0
  • Air Conditioning Central Air: Yes
  • Air Conditioning Window Unit(s): Yes
  • Remarks Misc Property Description3: 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.
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Parking Features 2 Car Garage2: Yes
  • Parking Features Detached Garage2: Yes
  • Parking Features Common: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling Y N: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-040008
  • Lot Size Sq Ft: 5662.8
  • Additional Parcels Description: 010-040009-00, 010-040010-00, 010-040011-00, 010-064176-00, 010-196063-00
  • Additional Parcels: Yes

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 158400.0

Tax Info

  • Tax Annual Amount: 25243.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,150 $90,550 $22,610 $67,940
2023 $4,098 $90,545 $22,610 $67,935
2022 $1,916 $36,060 $11,660 $24,400
2021 $1,429 $26,850 $11,660 $15,190
2020 $1,419 $26,610 $11,660 $14,950
2019 $1,378 $22,160 $9,700 $12,460
2018 $1,469 $22,160 $9,700 $12,460
2017 $1,451 $22,160 $9,700 $12,460
2016 $2,356 $21,140 $6,300 $14,840
2015 $1,563 $21,140 $6,300 $14,840
2014 $1,311 $21,140 $6,300 $14,840
2013 -- $23,485 $7,000 $16,485
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2025 10/06/25 Price Changed $1,650,000 -3.5% $793 / Sq Ft
08/18/2025 08/18/25 For Sale $1,710,000 +660.0% $822 / Sq Ft
08/19/2022 08/19/22 Sold $225,000 -22.4% $108 / Sq Ft View Prior Sale
07/27/2022 07/27/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $290,000 +139.7% $139 / Sq Ft
08/10/2020 08/10/20 Sold $121,000 -6.9% $58 / Sq Ft View Prior Sale
06/24/2020 06/24/20 For Sale $130,000 +80.6% $63 / Sq Ft
12/29/2017 12/29/17 Sold $72,000 -19.9% $35 / Sq Ft View Prior Sale
12/13/2017 12/13/17 For Sale $89,900 -- $43 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Landsel Title Agency
Warranty Deed $966,000 Crown Trident Title Agcy Inc
Warranty Deed $72,000 None Available
Limited Warranty Deed $60,400 None Available
Sheriffs Deed $48,000 None Available
Special Warranty Deed $23,200 Accutitle Agency Inc
Warranty Deed $75,000 Vta Title A
Warranty Deed $65,000 Mcs Title Llc
Deed $40,200 --
Deed $73,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $75,000 Seller Take Back
Previous Owner $65,000 Purchase Money Mortgage
Source: Public Records

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225031239

Columbus and Central Ohio Regional MLS

APN: 010-040008

Ohio Franklin County Columbus 43204 Westgate

261 S Chase Ave, Columbus, OH

Under Contract

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Oliver Chapman
Listing Agent
Oliver Chapman
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Keller Williams Consultants
(380) 324-6435