1775 Alcoy Drive Columbus, OH 43227
Listing Courtesy of: COLUMBUS OH MLS / Listed By: Eric Cliffel, The Columbus Agents

  1775 Alcoy Drive Columbus, OH 43227

Active (2 Days)
$900,000 (USD)

Description

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.

MLS #:
226024068
Type
Multifamily
Year Built
1950
School District
Columbus Csd 2503 Fra Co.
County
Franklin County
Community
Columbus, Oh 7 Units

Listed By

Eric Cliffel, The Columbus Agents
Source
COLUMBUS OH MLS
Last checked Jun 30 2026 at 3:03 PM GMT+0000
Bathroom Details
Subdivision
  • Columbus, Oh 7 Units
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Disclaimer: Copyright 2026 Columbus OH MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 6/30/26 08:03