Exceptional opportunity to acquire a hard-to-find single-story quadplex featuring four spacious 3 bedroom, 2 bathroom units—a product type that consistently performs well in today's rental market. Located in a strong rental area, this property offers immediate income with significant upside potential. This asset is currently underperforming due to below-market rents… Read More and needed updates, creating a prime value-add opportunity for investors looking to increase cash flow and long-term equity. Current Rent Roll: Unit 1: $1,000/month (Section 8) – Lease through January 2027 Unit 2: $650/month – Lease through November 2026 Unit 3: Vacant – Ready for renovation (estimated ~$10K) Unit 4: $750/month – Lease through June 2026 Investment Highlights: All units are 3BR/2BA – strong tenant demand and higher rent potential Single-story construction – lower maintenance and broader tenant appeal Clear path to increased rents and stabilized income Ideal for investors seeking a value-add repositioning opportunity Market rents for comparable units in the area are estimated at $1,200–$1,400 per unit, offering substantial upside once improvements and lease adjustments are completed. A recent comparable sale within the complex—a smaller 2BR/2BA unit—sold for $390,000, further supporting the long-term value potential of this larger, more desirable unit mix. This property is being offered below market value to reflect current rents and condition, making it an excellent opportunity for investors ready to unlock its full potential. Read Less
Courtesy of Michael Terrell, Keller Williams Realty River Cities 706-221-6900
Listing Snapshot
Days Online
13
Last Updated
Property Type
Duplex
Beds
12
Square Ft.
4,661
Lot Size
0.27 Acres
Year Built
1985
MLS Number
231350
30 Days Snapshot Of 36867
$161k
-43%
(avg) sold price
11
+22%
homes sold
71
-8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1985, Living area: 4,661, Building area total: 4,661, Construction materials: "Brick"
Heating
"Electric"
Lot
0.27 acres, 11,761 square feet, "Less than 1/2 Acre", "Level"
Parking
4 total parkings, "One per Unit"
Security Features
"None"
Sewer
"Public Sewer"
Utilities
"Cable Connected"
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Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Source: Columbus Board of REALTORS
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