$725,000
SOLD APR 3, 2023

289 E 18th Ave Columbus, OH 43201

Indianola Terrace Neighborhood
-- Bed
-- Bath
7,167 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$101 Per Sq Ft

11% Below List Price

167 Days on Market

About This Home

As of April 2023

Fully leased for '23-'24 term, this value-add four unit investment opportunity in the University District. Core campus location, a short walk to High Street and the Ohio State University. All units feature 3 bedrooms town-homes with 1 bathroom, laundry and off-street parking for six vehicles available. Tenants pay gas, water and electric. Owner pays heating due to building being on boiler system. All electric panels have been recently updated. This in-demand location leaves room for significant rent growth through capital improvements.

Last Agent to Sell the Property

Justin Garland

Buckeye Real Estate License #2019007733 Listed on: 11/15/2022

Last Buyer's Agent

Tana Lantry

Ohio Broker Direct, LLC License #2014005193

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • 7,167 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 010-013811

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $49,827
  • Gross Income $78,660
  • Net Operating Income $31,531

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1910
  • Tax Year: 2021
  • Property Sub-Type: Townhouse
  • Lot Size Acres: 0.15
  • Total Gross Income: 78660.0
  • Co List Office Phone: 614-294-5511
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 78660.0
  • Annual Expenses: 49826.92
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 7167.0
  • Miscellaneous Basement2: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Air Conditioning Window Unit(s): Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Sewer: Public Sewer
  • Heating: Hot Water
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-013811
  • Lot Size Sq Ft: 6534.0

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 31531.45
  • Annual Operating Expense: 49826.92

Tax Info

  • Tax Annual Amount: 21352.0

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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 Change Sq Ft Price
04/03/2023 04/03/23 Sold $725,000 -3.3% $101 / Sq Ft
02/07/2023 02/07/23 Price Changed $750,000 -8.0% $105 / Sq Ft
09/01/2022 09/01/22 For Sale $815,000 +0.6% $114 / Sq Ft
10/14/2019 10/14/19 Sold $810,000 -2.3% $113 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $829,000 -- $116 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Justin Garland

    Buckeye Real Estate

    (614) 329-1436

    1 in this area

    10 Total Sales

    Justin Garland
    Section Image
  • Tana Lantry

    Buyer's Agent in 2023

    Tana Lantry

    Ohio Broker Direct, LLC

    (614) 593-6079

    1 in this area

    538 Total Sales

    Tana Lantry
    Section Image

  • R

    Seller's Agent in 2019

    Ryan Cassidy

    Northsteppe Realty

    (614) 580-1560

    3 in this area

    26 Total Sales

    Ryan Cassidy
    Section Image
  • Madeline Andrews

    Buyer's Agent in 2019

    Madeline Andrews

    RE/MAX

    (614) 668-4400

    40 Total Sales

    Madeline Andrews
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222033187

Columbus and Central Ohio Regional MLS

Ohio Franklin County Columbus 43201 Indianola Terrace

289 E 18th Ave, Columbus, OH

This home is located at 289 E 18th Ave, Columbus, OH 43201 and is currently priced at $725,000, approximately $101 per square foot. This property was built in 1910. 289 E 18th Ave is a home located in Franklin County with nearby schools including Weinland Park Elementary School, Dominion Middle School, and Whetstone High School.

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