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For sale
  • $169,997

    1045 Loretta Ave, Columbus, OH 43211

    --beds
    0baths
    --sqft
    : 
    $1,345/mo
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    Duplex
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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 management 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.
    79 days
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    98
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    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tristam Griffith 614-506-3086,

    Cap Rate Realty

    Source: Columbus and Central Ohio Regional MLS ,MLS#: 226017341MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Forced Air

      Property

      Parking
      • Total spaces: 2
      Lot
      • Size: 4,791 Square Feet
      Details
      • Parcel number: 010079681

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer, Storm Sewer
      • Water: Public
      • Utilities for property: Water Available, Sewer Available, Natural Gas Available, Electricity Available

      Community & HOA

      Community
      • Subdivision: Linden
      Location
      • Region: Columbus

      Financial & listing details

      • Annual tax amount: $1,792
      • Date on market: 5/15/2026
      • Listing terms: Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/15/2026Listed for sale$169,997
        Source: Columbus and Central Ohio Regional MLS #226017341 Report a problem
        12/15/2025Listing removed$800
        Source: Zillow Rentals Report a problem
        10/30/2025Price change$800-5.9%
        Source: Zillow Rentals Report a problem
        8/19/2025Listed for rent$850
        Source: Zillow Rentals Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: North Linden

        Getting around

        48 / 100
        Car-Dependent
        42 / 100
        Some Transit
        61 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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