Under Contract

1230 Gilbert Street #2

Columbus, OH 43206
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Bed --

Bed

Bath 0

Bath

Acres0.09

Acre(Lot)

This duplex offers a rare opportunity for both owner-occupants and investors to step into immediate value with built-in upside. Each unit features 2 bedrooms and 1 full bath, providing flexible living options--live in one side and rent the other, or add a strong performer to your portfolio. Unit 1232 is fully rent-ready, while 1230 needs minor finishing work in the bathroom (drywall and tile repair from a prior leak), creating an opportunity to customize and build equity quickly. Once completed, the property is well-positioned to exceed its prior 2025 appraised value of $261,000. The current pricing reflects these remaining updates, offering buyers the chance to walk into equity from day one. With repairs completed, the property has strong rental potential that can meet--and likely e xceed--the 1% rule, making it equally appealing as a long-term investment. Located just minutes from Nationwide Children's Hospital and near German Village shops, dining, and downtown Columbus, this location supports both strong rental demand and everyday livability. Whether you're looking to offset your mortgage with rental income or expand your portfolio with a high-potential property, this is a smart, flexible opportunity in a prime location.

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Detail Ic Property Details

Property Type : Residential Income

Price : $240,000

AD Id : 75748639

MLS Id : 226005936

Lot Size : 0.09 Acre

Year Built : 1930

County : Franklin

Subdivision: Peahala Park

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Feature Features

  • Room Information

    Has Basement: Yes
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1930 Construction Materials: Frame, Vinyl Siding Private Pool: No

  • Lot Information

    Main Square Feet: 0.09 Lot Size Acres: 0.09 Lot Size Square Feet: 3920.4

    Property Information

    Subdivision: MILLERS DESHLER Source Property Type: Residential Income Property SubType: Duplex Property Age: 96

  • Listing Price Information

    Listing Price: $240000 Original Price: $250000 Conventional

  • Tax Information

    Parcel Number: 010-017176 Tax Year: 2024 Annual Tax: $5205

  • Utility Information

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

    WaterSource: Public
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ByOwner last updated this listing 06/09/2026 @ 07:26

MLS: 226005936 LISTED BY: Danielle Shields, Redfin Corporation 216-539-3768 SOURCE: Columbus and Central Ohio Regional MLS

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