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1056 Loretta Avenue

Columbus, OH 43211
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Bed --

Bed

Bath 0

Bath

Acres0.11

Acre(Lot)

Not one, not two, but FOUR cash-flowing duplexes hitting the 1% rule in Columbus, Ohio. Buy one, several, or all four! These well-performing properties offer a rare opportunity for investors seeking strong rental income with minimal vacancy. Out of 8 total units, only 1 unit is currently vacant -- intentionally left open for a potential owner-occupant or for easy viewing during the sales process. Addresses include: 1040-1042 Loretta Ave, 1045-1047 Loretta Ave, 1051-1053 Republic Ave, and 1056-1058 Loretta Ave. We also manage one additional duplex on Loretta that is not currently listed but the owner may consider selling at the right price -- perfect for investors looking to acquire a package of 5 properties. These properties have been professionally managed long term, and current managem ent is willing to stay in place for a seamless transition. Rent roll is available in the attached documents. Since all units feature the same layout, only the vacant unit will be available for showings prior to contract acceptance, but it serves as an accurate representation of the others. Unit photos are from prior to tenant move-in and may or may not reflect current condition. Tenants pay all utilities, keeping owner expenses low. Water is already separately sub-metered, and trash service is through the City of Columbus. All tenants are current on rent, with several long-term residents providing stable occupancy history. And did we mention the CRAZY LOW taxes? Annual property taxes range from just $1,573.54 to $1,803.86 per year -- helping maximize your cash flow and returns. Properties are being sold as-is. Excellent opportunity to add stable, income-producing multifamily assets to your portfolio in a strong Columbus rental market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $169,997

AD Id : 78786692

MLS Id : 226017342

Lot Size : 0.11 Acre

Year Built : 1950

County : Franklin

Subdivision: Rural Tract (no Subd)

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas

  • Building Information

    Year Built: 1950 Construction Materials: Block, Stucco Private Pool: No

  • Lot Information

    Main Square Feet: 0.11 Lot Size Acres: 0.11 Lot Size Square Feet: 4791.6

    Property Information

    Subdivision: Linden Source Property Type: Residential Income Property SubType: Duplex Property Age: 76

  • Listing Price Information

    Listing Price: $169997 Conventional

  • Tax Information

    Parcel Number: 010-079688 Tax Year: 2024 Annual Tax: $1798

  • Parking Information

    Parking Total: 2

  • Utility Information

    Natural Gas Available, Water Available, Sewer Available, Electricity Available
  • Location Information

    WaterSource: Public
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ByOwner last updated this listing 06/10/2026 @ 20:53

MLS: 226017342 LISTED BY: Tristam Griffith, Cap Rate Realty 614-506-3086 SOURCE: Columbus and Central Ohio Regional MLS

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