Columbus, Ohio: A Smart Spot For Investment Homes

Columbus, Ohio, is a great place for investors to begin their search for investment properties. The city has a diverse local economy, with major industries in technology, finance, and education, and is home to nearly 1 billion dollars worth of startups. With its close proximity to the Scioto River, Columbus offers a range of entertainment options and a happy balance of work and play for its residents.

Columbus has a thriving real estate market with soaring home prices and is an excellent place to live and rent. Despite rising property values, Columbus remains affordable compared to other similarly-sized U.S. cities. With its status as the fastest-growing city in the Midwest, there is a high demand for housing.

There are several neighbourhoods in Columbus that are ideal for investors, including Bexley, Clintonville, University District, German Village, and Reynoldsburg. These areas offer a mix of single-family homes, condos, and duplexes, with pricing varying from above average to the city average.

Whether you're looking for a vacation rental, a long-term investment, or a property to flip, Columbus, Ohio, has something to offer for all types of investors.

Victorian Village

There are currently several homes for sale in Victorian Village, ranging from single-family homes to multi-family homes and duplexes. For example, a 4-unit Victorian home on King Avenue is listed as an investment property, with current rents totalling over $66,000 per year. Another property on Belvidere Avenue is a 1,154-square-foot house for sale, while a multi-family home on Roys Avenue offers 5,940 square feet of space.

Upper Arlington

One option for investors is a classic 2-story home located on Vassar Place, within walking distance to Lane Avenue restaurants and The Ohio State University. This completely renovated property features 4 bedrooms, 2.5 bathrooms, and a screened-in porch and stamped concrete patio.

For those seeking a larger property, there is a 5-bedroom, 6-bathroom contemporary oasis on Woodbridge Road that sits on a half-acre lot and offers an indoor pool and multiple patio spaces. This home boasts high-end finishes and an entertainment-ready kitchen, perfect for those who love to host.

Investors looking for a move-in ready option could consider a 3-bedroom, 2.5-bathroom ranch-style home on Johnston Road. This home features an open concept layout with natural light throughout, a gourmet kitchen with a quartz island, and an owner's suite with a remodeled bathroom.

For those seeking a maintenance-free option, there are also townhomes available in Upper Arlington, such as the luxurious condos at Westmont at The Lane. These three-story townhomes offer 3 bedrooms and 3.5 bathrooms, with hand-selected, timeless finishes and a large kitchen island.

With a variety of options, from single-family homes to condos, Upper Arlington presents a strong case for investors looking to purchase property in the Columbus, Ohio, area.

Grandview Heights

Real Estate Market Overview:

The real estate market in Grandview Heights presents a mix of single-family homes, townhouses, condos, and multi-family properties. As of June 2024, the median list price was $637,500, with homes typically spending around 61 days on the market. The number of homes for sale decreased by 29.7% between May and June, indicating a competitive market with high demand.

Neighbourhood Highlights:

Investment Opportunities:

Single-Family Homes:

• 1216 Northwest Blvd: This 3-bedroom, 2-bathroom property features modern architecture, an updated kitchen, and a 1,000-square-foot rooftop patio.
• 1327 Wyandotte Rd: A beautiful 3-bedroom, 1.5-bathroom home with a charming front porch, original woodwork, and updated kitchen and bathroom.
• 879 Oxley Rd: A fully remodelled 4-bedroom, 2.5-bathroom home with modern updates, including a new Trex deck, sprinkler system, and privacy screening.

Condos:

• 1000 Urlin Ave #1806: A rare 3-bedroom, 2-bathroom condo with stunning views of downtown Columbus, located in one of the city's most affordable luxury condominiums.
• 1000 Urlin Ave #2212: A penthouse condo with breathtaking views, featuring 2 bedrooms, 2.5 bathrooms, and a chef's kitchen with granite countertops.
• 1000 Urlin Ave #509: A desirable 2-bedroom, 1.5-bathroom condo with a spacious balcony, updated finishes, and access to amenities like a fitness centre and outdoor pool.

Multi-Family Properties:

• 827 Northwest Blvd and 967-973 Burr Avenue: Two fully-occupied multi-family buildings with a total of 6 units, located on a corner lot.
• 1126 Northwest Blvd: A fully leased 4-unit townhome building with 2 bedrooms and 1 bathroom each, featuring porches, fireplaces, and off-street parking.
• 1590 King Ave: A rare opportunity featuring two parcels with a total of 6 units in the highly sought-after Grandview area, perfect for investors or short-term rentals.

Schools:

In summary, Grandview Heights offers a range of investment opportunities, from single-family homes to condos and multi-family properties. Its vibrant neighbourhood, convenient location, and blend of modern and historical charm make it an attractive option for prospective buyers and renters.

German Village

792 S 3rd St, Columbus, OH 43206

This spacious 2-bed, 2-bath brick cottage is located in a central German Village spot. It features hardwood floors, an abundance of natural light, good-sized rooms, and the convenience of a first-floor bedroom with a bonus room. The second floor is roomy and has its own full bath. The property also features a private garden area and a covered front porch.

839 Macon Aly, Columbus, OH 43206

This stunning 2-bed, 2.5-bath home in the heart of German Village features rare one-level living. It has hardwood floors, natural sunlight, a functional kitchen with a centre island, granite countertops, a pantry, and plenty of prep space. The living room has a double-height ceiling, skylights, a wood-burning fireplace, and dual doors leading to a large rear brick patio.

94 Nursery Ln #98, Columbus, OH 43206

This meticulously renovated German Village duplex is just steps away from vibrant restaurants, coffee houses, and Schiller Park. Each side offers 2 spacious bedrooms, 1 full bath, stunning wood floors, and preserved original charm. This property is ideal for investment or condo conversion, blending historic character with modern updates in a sought-after neighbourhood.

616 S Grant Ave, Columbus, OH 43206

This charming German Village 2-story condo features original hardwood flooring, a brick fireplace, cherry cabinets, and a quartz countertop. The main level has a living room and a half bath, while the second floor has two bedrooms, both with two closets each, and one with direct access to a full bath. The lower level features a rec room and an unfurnished basement with storage and washer/dryer.

512 City Park Ave, Columbus, OH 43215

This beautiful brick home is situated on a large corner lot with 2 private parking spaces and an extensive private garden. It boasts exposed brick walls, wood floors, a 2-way fireplace, wood window coverings, high ceilings, natural light, a kitchen with stainless steel appliances, and granite countertops. The upstairs has a primary bedroom with a walk-in closet and ensuite, along with two additional bedrooms.

Reynoldsburg

Located 20 minutes east of Columbus city centre, Reynoldsburg is known for its sprawling suburban feel. This suburb is conveniently close to schools, shops, restaurants, places of worship, and commuter routes throughout the Columbus Metropolitan area.

The main benefit of investing in Reynoldsburg is the sheer amount of parks and greenspaces in the area. Even though it is the farthest from the city centre on our list, it is still home to renters and owners alike, including families and young professionals.

There is a decent mix of all home types available in Reynoldsburg. From big houses on large plots of land to smaller, single-family homes priced closer to the Columbus average, this suburb is a well of opportunities for eager investors.

A commute to downtown Columbus is made easy from Reynoldsburg, which is located close to I-70, Route 40, and more. New homeowners will enjoy quick access to the city and all it has to offer, including shopping, dining, arts, and entertainment like the Arena District, or even harness racing at Scioto Downs.

For those looking to build, Reynoldsburg is a great option. It is common to find properties with acreage as well as undeveloped land, ripe for building.

If you're looking for both the best of city living and secure suburban peace of mind, Reynoldsburg is the place to invest.

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