85-87 N Yale Avenue, Columbus, OH 43222
New Listing
$279,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
3,049
Status:
Active
Current Price:
$279,900
List Date:
2/28/2026
Last Modified:
2/28/2026
Description
**A Smart Investment Opportunity Awaits**
Welcome to your next income-generating gem in the heart of Columbus! This multi-family property offers a fantastic opportunity for investors and owner-occupants alike. With three bedrooms and one bathroom on each side, this duplex is perfectly positioned to deliver steady rental income while keeping your purchase price accessible.
The numbers don’t lie. Each side of the duplex brings in $1,550 per month, with a potential for $3,100 monthly (one side is currently vacant) and $36,000 in potential gross annual rental income. At this price point, factoring in 30% in operating expenses, that translates to an impressive 8.5%-9% capitalization rate when fully occupied. Whether you choose to live in one unit and rent the other, or collect rent from both sides, this property puts your money to work from day one. Few investments offer this kind of immediate cash flow potential without breaking the bank.
Please see A2A for more details about income and expenses.
Schedule your private showing today and start building your portfolio tomorrow!
*Please do not disturb tenants on occupied side 87*
Supplements: ********
More Information MLS# 226005663
Location & Property Info
List Price/SqFt: 115.14
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Franklin
Office/Contract Info
Active on MLS: 2026-02-28
For Sale: Yes
Exchange: No
General Property Info
Occupancy Rate: 50
Built Prior to 1978: Yes
Building Sqft: 2431
Lot Size (Side): 106
Number of Units: 2
Year Built: 1910
Acreage: 0.07
Tax Info
Tax Abatement: No
Taxes (Yrly): 2484
Parcel #: 010-030197
Tax Year: 2024
Remarks & Misc
Property Description: **A Smart Investment Opportunity Awaits**
Welcome to your next income-generating gem in the heart of Columbus! This multi-family property offers a fantastic opportunity for investors and owner-occupants alike. With three bedrooms and one bathroom on each side, this duplex is perfectly positioned to deliver steady rental income while keeping your purchase price accessible.
The numbers don’t lie. Each side of the duplex brings in $1,550 per month, with a potential for $3,100 monthly (one side is currently vacant) and $36,000 in potential gross annual rental income. At this price point, factoring in 30% in operating expenses, that translates to an impressive 8.5%-9% capitalization rate when fully occupied. Whether you choose to live in one unit and rent the other, or collect rent from both sides, this property puts your money to work from day one. Few investments offer this kind of immediate cash flow potential without breaking the bank.
Please see A2A for more details about income and expenses.
Schedule your private showing today and start building your portfolio tomorrow!
*Please do not disturb tenants on occupied side 87*
Income/Expenses
Gross Income: 18000
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
3 Bedroom
3 Bedroom # of Units: 1550
3 Bedroom Month Rent Per Unit: 1550
Heat Fuel
Gas: 1
Parking Features
On Street: 1
Sewer
Public Sewer: 1
Tenant Pays
Electricity: 1
Alternate Uses
Commercial: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Hot Water: 1
New Financing
Conventional: 1
Other: 1
Air Conditioning
Central Air: 1
Owner Pays
Gas: 1
Sewer: 1
Trash: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 279900
List Price: $279,900
Property Sub Type: Duplex
Street #: 85-87
Street PreDirection: N
Street Name: Yale
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43222
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-02-27
Property Features
Addl Acceptance Cond: None Known
Parking Features: On Street
Owner Pays: Gas; Sewer; Trash; Water
Tenant Pays: Electricity
Heat Fuel: Gas
Heating: Forced Air; Hot Water
Air Conditioning: Central Air
Sewer: Public Sewer
Alternate Uses: Commercial
New Financing: Conventional; Other
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Coldwell Banker Realty
Listing Agent:
Katharine A Blades
Last Updated: February – 28 – 2026
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