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1775 Alcoy Drive

Columbus, OH 43227
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Excellent opportunity to acquire a diversified Central Ohio investment portfolio consisting of 7 residential homes on 6 parcels, offered as a package for $900,000. The portfolio includes 20 bedrooms and 8 full bathrooms with a mix of stabilized cash flow and immediate value-add potential. Current gross rental income is $84,780 annually, with projected stabilized gross income of $117,960 annually once the two vacant properties are leased. The portfolio includes five income-producing properties and two vacant homes ready for immediate lease-up. Property mix includes slab and full basement homes, multiple garage-equipped properties, and one parcel featuring two separate rental homes (2220 Sale Rd.). Current leases include both month-to-month and long-term tenants, providing a balance of immediate income and future flexibility. Current rents include: 512 S. Hampton Rd. - $1,545/month (Month-to-Month) 1339 S. Yearling Rd. - $1,595/month (Lease through August 2026) 4498 E. Livingston Ave. - $1,425/month 2220 Sale Rd. Front - $1,600/month (Lease through March 31, 2027) 2220 Sale Rd. Rear - $900/month (Month-to-Month) Vacant properties include 484 S. Hampton Rd. (previously rented for $1,265/month) and 1775 Alcoy Dr. (estimated market rent of $1,500/month), offering immediate upside through lease-up. Portfolio is being sold As-Is and will not be divided. This is an ideal opportunity for investors seeking immediate cash flow with additional income growth potential in established Central Ohio rental markets. Current Gross Rent: $84,780/year (9.4% gross yield) Stabilized Gross Rent: $117,960/year (13.1% gross yield) - Properties being sold as-is *Properties owned by licensed Realtor in the State of Ohio.

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Detail Ic Property Details

Property Type : Residential Income

Price : $900,000

AD Id : 87387618

MLS Id : 226024068

Year Built : 1950

County : Franklin

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  • Building Information

    Year Built: 1950 Private Pool: No

  • Property Information

    Subdivision: Columbus, OH 7 units Source Property Type: Residential Income Property SubType: Duplex Property Age: 76

  • Listing Price Information

    Listing Price: $900000

  • Tax Information

    Parcel Number: 010-124195
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3585 Cushing Drive, Columbus, OH, 43227 $390,000 -- -- --
891-893 S Weyant Avenue.., Columbus, OH, 43227 $320,900 -- -- --

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus REALTORS®. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information deemed reliable but not guaranteed. Copyright © 2026 Columbus REALTORS®. All rights reserved.

ByOwner last updated this listing 07/02/2026 @ 00:43

MLS: 226024068 LISTED BY: Eric Cliffel, The Columbus Agents 614-795-7655 SOURCE: Columbus and Central Ohio Regional MLS

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