409 Ryan Ave Columbus, OH 43223
South Hilltop NeighborhoodEstimated payment $2,609/month
About This Home
409 Ryan Avenue offers an opportunity to add 7 affordable units to your portfolio and cash flow from day one! Remodeled units (4 of the 7) offer fresh paint, LVP flooring, tile showers and newer appliances and are renting at $695 each! The other units provide stable tenants and an opportunity to put your own vision to life. Gross rent exceeding $50,000 per year! Low maintenance, dedicated lot for off street parking and a new roof in 2025!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $3,645
Year Built
- Built in 1950
Parking
- On-Street Parking
Home Design
- 2,940 Sq Ft Home
- Stucco
Additional Features
- 15,246 Sq Ft Lot
- Heating Available
Listing and Financial Details
- The owner pays for sewer, water
- Assessor Parcel Number 010-059794
Community Details
Overview
- 7 Units
Building Details
- Operating Expense $3,682
- Gross Income $53,760
- Net Operating Income $50,078
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $3,645 | $49,110 | $14,110 | $35,000 |
| 2024 | $3,645 | $49,110 | $14,110 | $35,000 |
| 2023 | $3,587 | $49,105 | $14,105 | $35,000 |
| 2022 | $3,504 | $46,730 | $14,110 | $32,620 |
| 2021 | $3,519 | $46,730 | $14,110 | $32,620 |
| 2020 | $3,495 | $46,730 | $14,110 | $32,620 |
| 2019 | $3,344 | $40,600 | $12,250 | $28,350 |
| 2018 | $3,010 | $40,600 | $12,250 | $28,350 |
| 2017 | $3,340 | $40,600 | $12,250 | $28,350 |
| 2016 | $2,894 | $33,250 | $12,250 | $21,000 |
| 2015 | $2,687 | $33,250 | $12,250 | $21,000 |
| 2014 | $2,685 | $33,250 | $12,250 | $21,000 |
| 2013 | $1,331 | $33,250 | $12,250 | $21,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/16/2026 04/16/26 | For Sale | $425,000 | -- | $145 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226012264
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