1500 Fairview Ave Columbus, OH 43212
Fifth by Northwest NeighborhoodEstimated payment $5,617/month
Highlights
- Brick or Stone Mason
- Forced Air Heating and Cooling System
- 4 Car Garage
About This Home
Curb Offers only. Fully occupied four-unit brick multifamily in the heart of Fifth by Northwest District between Grandview and UA with Columbus taxes. 3,576 SF , 4 two bedroom units with a brick 4-car garage. Current rents:
• Three updated units averaging $1,600/month
• One long-term tenant at $800/month
• Tenants pay all utilities
Based on 2024 NOI, the property is operating at a 6% cap rate at list price, with immediate upside through lease adjustments on the under-market unit (market rent ~$1,800 for updated units).
Three of four units have been remodeled with updated kitchens, baths, and neutral finishes. The fourth unit offers clear value-add potential. Shared basement, garage parking, and strong tenant demand in one of Columbus' most walkable rental corridors.
Consistent occupancy history. Minimal landlord expense structure with tenants covering all utilities.
Ideal for:
• Investor seeking stable in-place income with upside
• 1031 exchange buyer
• Owner looking to secure long-term asset in Grandview submarket
2-year P&L and rent roll available in documents. Financials available upon request.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $10,594
Year Built
- Built in 1955
Parking
- 4 Car Garage
Home Design
- 3,576 Sq Ft Home
- Brick or Stone Mason
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Washer and Dryer Hookup
- 8,712 Sq Ft Lot
- Basement
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for trash collection
- Assessor Parcel Number 010-062633
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,594 | $142,730 | $35,000 | $107,730 |
| 2024 | $10,594 | $142,730 | $35,000 | $107,730 |
| 2023 | $10,426 | $142,730 | $35,000 | $107,730 |
| 2022 | $15,748 | $210,000 | $35,000 | $175,000 |
| 2021 | $11,029 | $144,380 | $35,000 | $109,380 |
| 2020 | $10,799 | $144,380 | $35,000 | $109,380 |
| 2019 | $9,513 | $115,500 | $28,000 | $87,500 |
| 2018 | $8,842 | $115,500 | $28,000 | $87,500 |
| 2017 | $9,502 | $115,500 | $28,000 | $87,500 |
| 2016 | $8,833 | $101,500 | $28,000 | $73,500 |
| 2015 | $8,201 | $101,500 | $28,000 | $73,500 |
| 2014 | $8,197 | $101,500 | $28,000 | $73,500 |
| 2013 | $4,062 | $101,500 | $28,000 | $73,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/03/2026 02/03/26 | For Sale | $900,000 | +50.0% | $252 / Sq Ft | |
| 12/14/2021 12/14/21 | Sold | $600,000 | +21.2% | $168 / Sq Ft | View Prior Sale |
| 11/24/2021 11/24/21 | Pending | -- | -- | -- | |
| 11/20/2021 11/20/21 | For Sale | $495,000 | -- | $138 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226003167
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Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.