$1,275,000

1106-1116 Parsons Ave Columbus, OH 43206

Karns Park Neighborhood

Estimated payment $8,064/month

Total Views 2,210
-- Bed
-- Bath
9,792 Sq Ft
$130 Price per Sq Ft

About This Home

Exceptional Investment Opportunity - 1106-1116 Parsons Avenue, Columbus, OH
Fully renovated in 2022, this six-unit property offers a rare opportunity for investors seeking reliable income and long-term appreciation. Each unit features modern finishes and turnkey readiness, appealing to quality tenants. Situated on separate parcels, the property provides flexibility for future refinancing, individual sales, or redevelopment opportunities. Located just minutes from Downtown Columbus and Nationwide Children's Hospital, it benefits from strong visibility and rising demand along this rapidly developing corridor.

Recent Upgrades (2023-2025):
• Replaced and upgraded electrical panels in all six units (completed May 2025), a $15,000 investment ensuring full code compliance and reducing total insurance premiums from $700 to $214/month, yielding a $5,800 annual expense reduction and immediate NOI improvement
• New furnaces in Units 1106, 1110 & 1116
• New dishwashers in Units 1106, 1108, 1110, 1112 & 1116
• New washer & dryer in Unit 1110 (all laundry appliances owned by landlord)
• New water heater in Unit 1110
• New air conditioning unit in Unit 1112

Listing Agent

Nasser Hussain

Fiv Realty Co Ohio LLC License #2022003417 Listed on: 10/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,966

Year Built

  • Built in 1925

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • 9,792 Sq Ft Home

Listing and Financial Details

  • Assessor Parcel Number 010-026752

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $2,580
  • Maintenance Expense $3,587
  • Operating Expense $26,260
  • Gross Income $96,420
  • Net Operating Income $70,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,966

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1925
  • Tax Year: 2024
  • Property Sub-Type: Townhouse
  • Lot Size Acres: 0.15
  • Total Gross Income: 96420.0
  • Professional Management Expense: 3587.0
  • Co List Office Phone: 614-398-7415
  • MLS Status: Active
  • Location Property Info List PriceSqFt: 130.21
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 96420.0
  • Annual Expenses: 26260.0
  • General Property Info Building Sq Ft: 9792.0
  • Remarks Misc Property Description3: Exceptional Investment Opportunity - 1106-1116 Parsons Avenue, Columbus, OH Fully renovated in 2022, this six-unit property offers a rare opportunity for investors seeking reliable income and long-term appreciation. Each unit features modern finishes and turnkey readiness, appealing to quality tenants. Situated on separate parcels, the property provides flexibility for future refinancing, individual sales, or redevelopment opportunities. Located just minutes from Downtown Columbus and Nationwide Children's Hospital, it benefits from strong visibility and rising demand along this rapidly developing corridor. Recent Upgrades (2023-2025): • Replaced and upgraded electrical panels in all six units (completed May 2025), a $15,000 investment ensuring full code compliance and reducing total insurance premiums from $700 to $214/month, yielding a $5,800 annual expense reduction and immediate NOI improvement • New furnaces in Units 1106, 1110 & 1116 • New dishwashers in Units 1106, 1108, 1110, 1112 & 1116 • New washer & dryer in Unit 1110 (all laundry appliances owned by landlord) • New water heater in Unit 1110 • New air conditioning unit in Unit 1112
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-026752
  • Lot Size Sq Ft: 6534.0
  • Additional Parcels Description: 010-306395-00 (#1106), 010-306396-00(#1108), 010-306397-00 (#1110), 010-306398-00 (#1112), 010-306399-00 (#1114), 010-306400-00 (#1116).

Multi Family

  • Number Of Units Total: 6
  • Insurance Expense: 2580.0
  • Maintenance Expense: 3587.0
  • Net Operating Income: 70160.0
  • Annual Operating Expense: 26260.0

Tax Info

  • Tax Annual Amount: 15966.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2025 10/15/25 For Sale $1,275,000 -- $130 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225039057

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43206 Karns Park

1106-1116 Parsons Ave, Columbus, OH

For Sale

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Listing Agent
Nasser Hussain
Section Image
Fiv Realty Co Ohio LLC
(380) 230-4858