Calling all investors! Don't miss out on this incredible opportunity to own a piece of history in the heart of the OSU campus. This charming historic brick building features four units, each with one bedroom, waiting to be transformed into lucrative student rentals. What sets this property apart? In addition to its prime location and immense potential, it also boasts the rare advantage of having long-term renters in place.Situated in a prime location, this fixer-upper offers immense potential for generating passive income and expanding your investment portfolio. Whether you're a seasoned investor or just starting out, this property is a fantastic opportunity
Property Details
Property Features
Property Information:
Year Built: 1900
Listing Office:
Office Name: Howard Hanna Real Estate Svcs
Listing Agent: Chris Harrington
Exterior Features
Parking Information:
Parking: 2 Off Street, On Street
Lot Features
Lot Information:
Lot Size: 0.05 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: None
School Info
Assigned Schools Information:
Whetstone High School, Public District Grades 9-12
Dominion Middle School, Public District Grades 6-8
Weinland Park Elementary School, Public District Grades PK-5
Price Information
Listing Price Info
Price Summary:
List Price: $375,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Columbus, OH.
This property is $95.2K more than the Median Sold Price in Columbus, OH.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #224014816
Listing Office:
Office Name: Howard Hanna Real Estate Svcs
Listing Agent: Chris Harrington
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,939
Per Month
Principal & Interest
$1,872
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,191
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Weinland Park Elementary School
211 E 7th Ave
Distance between this listing and this school0.41 miles
Public District Grades PK-5
Middle School
5
/10
Dominion Middle School
330 E Dominion Blvd
Distance between this listing and this school4.07 miles
Public District Grades 6-8
High School
4
/10
Whetstone High School
4405 Scenic Dr
Distance between this listing and this school3.98 miles
Public District Grades 9-12
Assigned Schools
2
/10
Weinland Park Elementary School
211 E 7th Ave
Distance between this listing and this school0.41 miles
Public District Grades PK-5
Nearby Schools
4
/10
Fifth Avenue International K-8 School
100 W 4th Ave
Distance between this listing and this school0.69 miles
Public District Grades PK-6
3
/10
Hamilton STEM Academy
2047 Hamilton Ave
Distance between this listing and this school1.45 miles
Public District Grades PK-6
Assigned Schools
5
/10
Dominion Middle School
330 E Dominion Blvd
Distance between this listing and this school4.07 miles
Public District Grades 6-8
Nearby Schools
4
/10
Graham Expeditionary Middle School
140 E 16th Ave
Distance between this listing and this school0.45 miles
Public Charter Grades 6-8
4
/10
Columbus Performance Academy
274 E 1st Ave
Distance between this listing and this school1.03 miles
Public Charter Grades KG-8
Assigned Schools
4
/10
Whetstone High School
4405 Scenic Dr
Distance between this listing and this school3.98 miles
Public District Grades 9-12
Nearby Schools
2
/10
Youthbuild Columbus Community
1183 Essex Ave
Distance between this listing and this school0.90 miles
Public Charter Grades 10-11
2
/10
Linden McKinley STEM Academy
100 E Arcadia Ave
Distance between this listing and this school1.62 miles
The neighbors living near this home have an average income of $14,565. Most Columbus, OH residents have annual incomes less than $35k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1587 Indianola Ave Unit 1585
What is the listing price of this property?
The listing price of 1587 Indianola Ave Unit 1585 property is $375,000.
What type of property is this?
The property 1587 Indianola Ave Unit 1585 is a house located in Columbus, Ohio, 43201.
Is this property for sale now?
Accepting Backup Offers: 1587 Indianola Ave Unit 1585 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 1587 Indianola Ave Unit 1585 are: Weinland Park Elementary School: GreatSchools Rating 2/10Dominion Middle School: GreatSchools Rating 5/10Whetstone High School: GreatSchools Rating 4/10
Which year was this property built?
The year of construction for 1587 Indianola Ave Unit 1585 is 1900.
This home is located at 1587 Indianola Ave Unit 1585 in Columbus, OH and zip code 43201 in the East of High neighborhood. This home, which was built in 1900, sits on a 0.05 acre lot. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $375,000.
In May 2024 more than 535 listings in Columbus, OH were sold above the asking price. During the same period more than 230 listings were sold at asking price, while more than 332 were sold below. Between April 2024 and May 2024, Columbus, OH real estate market has seen increase in the number of listings by 12.7%. The median list price of listings available in May 2024 was $279,739, while the average time on the real estate market was 24 days.
From Rocket Homes Real Estate and based on county public records data.