217 W Hubbard Avenue, Columbus, OH 43215

Property Description

Victorian Village 4-Unit | $79K Income | 8% Cap | ADU / 5th Unit Potential Rare opportunity to acquire a brick four-unit located just one block from Goodale Park and approximately 5 blocks to the Short North Arts District. The property produces approximately $79,080 in current rental income with upside potential to over $92,000, offering an estimated 8% cap rate with pro-forma potential near 10% through rental optimization, supported by three units utilizing CMHA vouchers and one-bedroom payment standards in this ZIP code of approximately $1,969, the highest in Franklin County. Features four off-street parking spaces and on-site coin-operated laundry providing additional income. Current rents are $1,800, $1,645, $1,500, and one unit available for immediate lease-up, conservatively projected around $1,645 with additional upside potential. Rear parking offers additional value-add potential, as similar properties have added garage structures with residential units above, creating a potential fifth unit and additional income, subject to zoning and city approvals. Also ideal for an owner-occupant or first-time investor to leverage low down payment financing and strong rental income to offset housing costs while beginning a real estate portfolio.

Listing Status:

Active

Date Added:

March 16, 2026

Data Last Updated:

March 22, 2026 at 2:39AM

Listing Office:

Keller Williams Consultants : 614-932-2000

Listing Agent:

Elisa M Lowe : 614-316-2310

MLS ID:

226007726

Interior

• A/C: Central Air
• Heating: Forced Air

Exterior

• Parking: Parking spaces: 4

Construction

• General: Brick

Location

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

Lot

• Zoning: 010-023595

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Columbus and Central Ohio Regional MLS