Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
0 Baths

$169,997

1040-1042 Loretta Avenue, Columbus OH, 43211

Price per sqftN/A
Built in1950
Property typeMulti-family
Courtesy of Tristam Griffith - Cap Rate Realty

Overview

Active

Listed May 15, 2026

Updated Jul 30

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.

$1,131/mo

Est. mortgage payment based on a $169,997 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
226017336

Interior Features

Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$1,792
Tax Frequency
Annually

 

Courtesy of Tristam Griffith - Cap Rate Realty 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cam Taylor REALTORS® shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Copyright: 2026 by Columbus and Central Ohio Regional MLS. All rights reserved.

 

Powered by Luxury Presence