Estimated payment $2,882/month
About This Home
Discover this prime location, income generating multi-unit investment in Bexley, seconds from Capital University. These properties offer both convenience and appeal perfect for investors seeking stable rental income and long-term potential. This property offers excellent access to higher education, shopping & dining, making it highly attractive for students, faculty, and professionals.
Both units are currently leased, ensuring immediate occupancy & consistent rental revenue. Featuring comfortable & functional floor plans that resonate with renters. Proximity to university campuses, including Capital University, Franklin University, and the Columbus College of Art & Design, increases tenant pool and turnover ease.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,920
Year Built
- Built in 1927
Home Design
- 2,280 Sq Ft Home
- Duplex
- Frame Construction
- Vinyl Siding
Parking
- On-Street Parking
- Assigned Parking
Additional Features
- 8,712 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 020-003522
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $8,400
- Gross Income $37,320
- Net Operating Income $28,920
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 |
|---|---|---|---|---|
| 2024 | $5,920 | $104,580 | $31,150 | $73,430 |
| 2023 | $5,334 | $104,580 | $31,150 | $73,430 |
| 2022 | $6,067 | $96,570 | $13,650 | $82,920 |
| 2021 | $6,072 | $96,570 | $13,650 | $82,920 |
| 2020 | $6,019 | $96,570 | $13,650 | $82,920 |
| 2019 | $5,701 | $80,470 | $11,380 | $69,090 |
| 2018 | $5,354 | $80,470 | $11,380 | $69,090 |
| 2017 | $3,573 | $58,560 | $11,380 | $47,180 |
| 2016 | $4,332 | $64,860 | $13,900 | $50,960 |
| 2015 | $4,347 | $64,860 | $13,900 | $50,960 |
| 2014 | $4,372 | $64,860 | $13,900 | $50,960 |
| 2013 | -- | $61,775 | $13,230 | $48,545 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | For Sale | $450,000 | -- | $197 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $229,900 | Chicago Title | |
| Warranty Deed | -- | First Ohio Title Insurence | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $185,000 | First Ohio Title Ins Box | |
| Warranty Deed | $182,500 | Amerititle | |
| Warranty Deed | $132,500 | Gahanna Title | |
| Deed | $86,800 | -- | |
| Deed | $79,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $353,000 | Credit Line Revolving | |
| Closed | $127,000 | Credit Line Revolving | |
| Closed | $188,690 | New Conventional | |
| Previous Owner | $138,750 | New Conventional | |
| Previous Owner | $129,500 | Unknown | |
| Previous Owner | $119,250 | No Value Available |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225030311
APN: 020-003522
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