217 W Hubbard Avenue, Columbus, OH 43215
New Listing
$749,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
4,792
Status:
Active
Current Price:
$749,900
List Date:
3/16/2026
Last Modified:
3/16/2026
Description
Victorian Village 4-Unit Near Goodale Park $79K rental Income + ADU Potential. Rare opportunity to acquire a brick four-unit in the heart of Victorian Village just steps from Goodale Park and minutes to the Short North. The property currently produces approximately $79,080 in rental income with upside potential to over $92,000.
The building features four one-bedroom units with strong rental demand plus four off-street parking spaces, a valuable amenity in this neighborhood. Current rents are $1,800, $1,645, $1,500, and one unit available for immediate lease-up around $1,645 or ideal for an owner-occupant house-hack opportunity. Buyers may be able to live in one unit while rental income from the other three helps offset the mortgage. The property may qualify for FHA owner-occupant financing with as little as 3.5% down for eligible buyers, and rental income from the additional units may assist with loan qualification.
Three units are currently leased to tenants utilizing CMHA vouchers, where the payment standard in this ZIP code allows for up to approximately $1,969 per one-bedroom unit. Voucher tenants often remain long-term, providing stable rental income.
Estimated cap rate approximately 7.75% with pro-forma potential above 9%.
Rear parking area may offer flexibility for future garage or carriage unit construction (ADU potential) similar to nearby properties, subject to city approvals.
Supplements: ********
More Information MLS# 226007726
Location & Property Info
List Price/SqFt: 296.52
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Occupancy Rate: 75
Built Prior to 1978: Yes
Total Parking: 4
Off Street Parking Spaces: 656
Building Sqft: 2529
Number of Units: 4
Year Built: 1900
Acreage: 0.11
Tax Info
Tax Abatement: No
Taxes (Yrly): 8955
Parcel #: 010-023595
Tax Year: 2024
Remarks & Misc
Property Description: Victorian Village 4-Unit Near Goodale Park $79K rental Income + ADU Potential. Rare opportunity to acquire a brick four-unit in the heart of Victorian Village just steps from Goodale Park and minutes to the Short North. The property currently produces approximately $79,080 in rental income with upside potential to over $92,000.
The building features four one-bedroom units with strong rental demand plus four off-street parking spaces, a valuable amenity in this neighborhood. Current rents are $1,800, $1,645, $1,500, and one unit available for immediate lease-up around $1,645 or ideal for an owner-occupant house-hack opportunity. Buyers may be able to live in one unit while rental income from the other three helps offset the mortgage. The property may qualify for FHA owner-occupant financing with as little as 3.5% down for eligible buyers, and rental income from the additional units may assist with loan qualification.
Three units are currently leased to tenants utilizing CMHA vouchers, where the payment standard in this ZIP code allows for up to approximately $1,969 per one-bedroom unit. Voucher tenants often remain long-term, providing stable rental income.
Estimated cap rate approximately 7.75% with pro-forma potential above 9%.
Rear parking area may offer flexibility for future garage or carriage unit construction (ADU potential) similar to nearby properties, subject to city approvals.
Income/Expenses
Gross Income: 79080
Net Operating Income: 58118.11
Total Expenses: 20961
Addl Acceptance Cond
None Known: 1
1 Bedroom
1 Bedroom # of Units: 4
Construction
Brick: 1
Heat Fuel
Gas: 1
Parking Features
Assigned: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
Miscellaneous
Basement: 1
W/D Hookups: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
New Financing
Conventional: 1
FHA: 1
Air Conditioning
Central Air: 1
Owner Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 749900
List Price: $749,900
Property Sub Type: Midrise
Street #: 217
Street PreDirection: W
Street Name: Hubbard
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43215
Subdiv/Cmplx/Comm: Victorian Village – 4 Properties from Goodale Park
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-03-16
Property Features
Addl Acceptance Cond: None Known
Parking Features: Assigned
Owner Pays: Electric; Gas; Sewer; Trash; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Water Source: Public
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Water Available
Miscellaneous: Basement; W/D Hookups
New Financing: Conventional; FHA
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Keller Williams Consultants
Listing Agent:
Elisa M Lowe
Last Updated: March – 16 – 2026
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