186 Avondale Avenue, Columbus, OH 43223

Property Description

Outstanding opportunity for investors seeking cash flow today and development potential tomorrow. Located in the rapidly evolving Franklinton neighborhood. This R2F-zoned parcel offers rare flexibility for investors, developers, or owner-occupants seeking long-term value in one of Columbus's most active redevelopment corridors. The property includes a recently renovated 2-bed, 1-bath single-family home that is move-in ready and was last rented for $1,150/month, providing immediate income potential. Renovations include new flooring, light fixtures, W/D hookup, stainless appliances, cabinets, and quartz countertops. Additional upside can be realized as zoning allows for a duplex to be built on the site, creating a strong path for value-add development or a future multi-unit hold strategy. Whether you choose to maintain the updated home, add a second unit, or redevelop entirely, the parcel delivers meaningful optionality in a supply-constrained urban submarket. Franklinton continues to benefit from significant public and private investment, expanding retail, new residential construction, and improving infrastructure, driving steady renter demand and long-term appreciation.

Listing Status:

Active

Date Added:

December 16, 2025 at 06:00AM

Listing Office:

Verti Commercial Real Estate L : 380-215-6046

Listing Agent:

Brett A Ludwig : 614-515-2995

MLS ID:

225044758

Interior

• A/C: Window Unit(s)
• Heating: Forced Air

Construction

• General: Vinyl Siding

Location

• Originating MLS: Columbus and Central Ohio Regional MLS
• School District: COLUMBUS CSD 2503 FRA CO.
• County: Franklin

Lot

• Zoning: 010-019919

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableSewer AvailableStorm SewerWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Columbus and Central Ohio Regional MLS

This listing courtesy of Brett A Ludwig, Verti Commercial Real Estate L