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1392 N Summit Street #Units A, B, C & D Columbus, OH 43201
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Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 226015186
Sold Date 06/26/26
Year Built 1973
Annual Tax Amount $9,204
Lot Size 4,791 Sqft
Lot Dimensions 0.11
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
Location. Income. Expansion.
4-Unit in Weinland Park Near Short North & The Ohio State University
Located in Weinland Park, this property offers rental income and growth potential for investors or owner-occupants.
Highlights & Upside Potential:
• Layout: Four 2BR/1BA units, each featuring dedicated off-street parking and separate electric and gas meters.
• Recent Major Improvements: Newer siding, windows, roof, gutters, downspouts, concrete entry steps, and select HVAC components.
• Income Growth Potential: Opportunity to target a gross monthly income of $7,156 based on a market average of $1,789 per 2BR unit for Weinland Park with additional updates. Actual rents may vary; buyer to verify market rates and financial projections.
• Owner-Occupant Ready: Opportunity for a buyer to reside on-site, which may allow for owner-occupant financing and the ability to use rental income from the other units to help pay the mortgage.
• Opportunity Zone: Located in a Federal Qualified Opportunity Zone with potential federal and state tax benefits; buyer to verify all information.
• Expansion Upside: Zoned for an ADU (Accessory Dwelling Unit); may allow for an additional detached unit or carriage house, providing a path to an additional income stream. Buyer to confirm all zoning and permitting requirements with the City of Columbus.
Capitalize on this asset in one of Columbus's most active corridors.
Location
State OH
County Franklin
Area 0.11
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-022514
Acceptable Financing Other, Conventional
Listing Terms Other, Conventional
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