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261 Lowell Rd, Columbus, OH, 43209

2beds
1baths
756sqft
$183,900
$243price/sqft
$1,446/moest. monthly cost
$57,840/yrincome needed

About This Home

Turnkey Investment Opportunity - Charming, Updated Cottage on a quiet street. This well-maintained and thoughtfully updated cottage offers the perfect blend of charm and reliability--ideal for investors seeking consistent, low-maintenance returns. The home features beautiful hardwood floors and a fully remodeled bathroom, along with a series of major capital improvements that provide peace of mind for years to come. Updates include a new roof (2020), upgraded plumbing, an energy-efficient furnace, sealed and wrapped windows for improved efficiency, gutter guards, and a spacious backyard. The property is under rented to a dependable tenant at $1,510/month lease expiring August 2026, delivering immediate and predictable cash flow from day one. With a proven rental history and strong in-place income, this is a true turnkey, ''mailbox money'' investment.

Getting Around

38
WalkingCar-Dependent
44
TransitSome Transit
47
BikeSomewhat Bikeable

Schools

5/10
3/10
3/10
Walnut Ridge High SchoolGrades 9-123.5 mi

Construction

Condition

  • Year built: 1942

Materials

  • Foundation: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Range

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • Window features: Insulated Windows
  • Flooring: Wood,Laminate,Carpet,Ceramic/Porcelain
  • Fireplace features: Gas Log
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 756
  • Total interior livable area: 756 sqft

Property

Details

  • Parcel number: 010078393
  • Special condition: Standard

Features

  • Levels: One

Lot

  • Lot size: 6,098 sqft

Parking

  • Total spaces: 1
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave

FEMA Declared Disasters Across Ohio Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $929$11,148
Home Insurance *$90$1,080
Property Taxes $234$2,808
Electricity $193$2,320
Total$1,446$17,352
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$49,577/yr
40% on housing$43,380/yr
45% on housing$38,560/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.4%
13.4%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$243This listing

vs Other Active Listings

Avg $/sqft

ZIP 43209$239
Franklin County$188

vs Homes Sold Last Month

Median $/sqft

ZIP 43209$232
Franklin County$191

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-07Price change$183,900
2026-04-21Price change$184,000
2026-03-24Listed for sale$184,900
2023-08-20Listing removed--
2023-08-19Listed for rent$1,350
2023-07-24Listing removed--
2023-06-26Listed for rent$1,350
2021-05-24Listing removed--
2021-05-17Listed for rent$1,050
2021-03-24Listing removed--
2017-10-30Listing removed$800
2017-10-04Listed for rent$800
2014-11-20Sold$33,500
2014-11-03Pending sale$33,000
2014-10-20Listed for sale$33,000
2010-10-04Sold$30,000

For Sale by Agent

AgentCarson D Thrush
BrokerageList

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