261 S Chase Avenue, Columbus, OH 43204 (MLS# 225031239)

261 S Chase Avenue, Columbus, OH 43204

$1,650,000

Property Type: Multi-Family Lot Size (sq. ft.): 5,663 Status: Contingent

Current Price: $1,650,000 List Date: 8/18/2025 Last Modified: 11/20/2025

Description

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.

Supplements: ********

More Information MLS# 225031239

Location & Property Info

List Price/SqFt: 793.27 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

Built Prior to 1978: Yes Building Sqft: 2080 Lot Size (Side): 132 Number of Units: 12 Year Built: 1948 Acreage: 0.13

Tax Info

Mult Parcels/Sch Dis: Yes Addl Parcel Numbers: 010-040009-00, 010-040010-00, 010-040011-00, 010-064176-00, 010-196063-00 Tax Abatement: No Taxes (Yrly): 25243 Parcel #: 010-040008 Tax Year: 2024

Remarks & Misc

Property Description: 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.

Income/Expenses

Gross Income: 158400 Net Operating Income: 158400 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

2 Bedroom

2 Bedroom # of Units: 12 2 Bedroom Month Rent Per Unit: 1100

Construction

Brick: 1

Parking Features

2 Car Garage: 1 Detached Garage: 1 Common: 1

Sewer

Public Sewer: 1

Auction Info

Auction/Online Bidding Y/N: No

Air Conditioning

Central Air: 1 Window Unit(s): 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1710000 List Price: $1,650,000 Property Sub Type: Duplex Street #: 261 Street PreDirection: S Street Name: Chase Street Suffix: Avenue County: Franklin State: OH Zip Code: 43204 School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Contingent MLS Entry Date: 2025-08-18

Property Features

Addl Acceptance Cond: None Known Parking Features: 2 Car Garage; Detached Garage; Common Air Conditioning: Central Air; Window Unit(s) Construction: Brick Sewer: Public Sewer MLS Primary PhotoSrc: Realtor Provided

Listing Office: Keller Williams Consultants

Listing Agent: Oliver Chapman

Last Updated: November - 20 - 2025

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