$500,000
SOLD AUG 11, 2025
-- Bed
-- Bath
5,190 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$96 Per Sq Ft

13% Below List Price

9 Days on Market

About This Home

As of August 2025

Welcome to this rare brick multi-unit investment property located in the heart of Columbus' thriving residential market! This property, situated in one of the most desirable neighborhoods Near East Side, nestled between Old Oaks and Olde Towne East. It offers a prime opportunity for investors seeking a stable and income-generating asset. Each unit features 2 bedrooms and 1 bathroom, and with all four units fully rented, this property ensures immediate cash flow with long-term potential for appreciation. The property has been well-kept and offers a turn-key investment opportunity with new Cabinets and flooring recently updated.

Last Agent to Sell the Property

Fitumi Bako

Coldwell Banker Realty License #2025001449 Listed on: 07/02/2025

Coldwell Banker Realty

Last Buyer's Agent

Alfath Ahmed

Reafco License #2022006870

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,614

Year Built

  • Built in 1928

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • 5,190 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 010-003758

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $200
  • Insurance Expense $3,669
  • Maintenance Expense $1,200
  • Manager Expense $3,762
  • Professional Management Expense $3,762
  • Supplies Expense $1,100
  • Water Sewer Expense $1,497
  • Operating Expense $17,912
  • Gross Income $62,712
  • Net Operating Income $43,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,614

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1928
  • Tax Year: 2024
  • Property Sub-Type: Townhouse
  • Lot Size Acres: 0.08
  • Total Gross Income: 62712.0
  • Professional Management Expense: 450.0
  • Supplies Expense: 1100.0
  • Co List Office Phone: 614-939-0808
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 62712.0
  • Annual Expenses: 17912.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 5190.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Water Source Public: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Natural Gas Available, Electricity Available
  • Water Source: Public
  • Heating:Heat Pump: Yes

Fee Information

  • Annual Water Sewer Expense: 1497.0

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-003758
  • Lot Size Sq Ft: 3484.8
  • Additional Parcels: No

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 200.0
  • Insurance Expense: 3669.0
  • Maintenance Expense: 1200.0
  • Resident Manager Expense: 3762.0
  • Net Operating Income: 43000.0
  • Annual Operating Expense: 17912.0

Tax Info

  • Tax Annual Amount: 5614.0

Range of Values:

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Average Value
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Sold Price
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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 Change Sq Ft Price
08/11/2025 08/11/25 Sold $500,000 -13.0% $96 / Sq Ft
07/02/2025 07/02/25 For Sale $575,000 -- $111 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225024168

Columbus and Central Ohio Regional MLS