$1,800,000
$101K PRICE DROP

Estimated payment $11,651/month

Total Views 2,584
-- Bed
-- Bath
7,688 Sq Ft
$234 Price per Sq Ft

Highlights

  • 0.34 Acre Lot
  • Brick or Stone Mason
  • Forced Air Heating and Cooling System

About This Home

Rare opportunity to acquire a beautifully maintained 10-unit brick apartment building located on desirable Thurman Avenue in one of Columbus' most sought-after rental corridors. The apartments consist of 8 - 2 bedroom & 2 - 1 bedroom. All upstairs units have wooden floors. This property has 2 parking lots.

Institutional-quality investment opportunity combines strong in-place income, extensive capital improvements, and exceptional long-term upside.

The property features a proven mix of traditional leases and furnished monthly rentals, offering future owners multiple strategies to increase income. Pro forma operating scenarios demonstrate the potential for significant NOI growth through expanded furnished monthly rentals.

Ownership has invested extensively in renovations and major mechanical improvements, minimizing near-term capital expenditures. The property has been professionally managed with meticulous attention to maintenance, tenant retention, and operational efficiency.

Located just minutes from Downtown Columbus, Nationwide Children's Hospital, Schiller Park, restaurants, coffee shops, breweries, and the heart of German Village, this walkable location continues to attract strong rental demand from professionals, healthcare employees, graduate students, and long-term residents.

Current 'Property Manager' is available to continue managing the property after the sale under a separate agreement, offering investors a unique opportunity to continue the property's proven operating model or expand it.

Offering Memorandum available upon request. This property is Agent Owned.

Listing Agent

Rori Lowe

Keller Williams Capital Ptnrs License #2019005547 Listed on: 07/09/2026

Keller Williams Capital Ptnrs

Co-Listing Agent

Joseph C Jackson

Keller Williams Capital Ptnrs License #2014000204

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $21,328

Year Built

  • Built in 1963

Home Design

  • 7,688 Sq Ft Home
  • Brick or Stone Mason

Parking

  • 8 Parking Spaces
  • No Garage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Washer and Dryer Hookup
  • 14,810 Sq Ft Lot

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-023943

Community Details

Overview

  • 3 Buildings
  • 10 Units

Building Details

  • Operating Expense $60,537
  • Gross Income $167,137
  • Net Operating Income $106,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$21,328

Year Built

Built in 1963

Lot Details

0.34 Acres

Listing Details

  • Type: Multi-Family
  • Year Built: 1963
  • Tax Year: 2024
  • Property Sub-Type: Apartment
  • Lot Size Acres: 0.34
  • Total Gross Income: 167137.0
  • Co List Office Mls Id: 05420
  • Co List Office Phone: 614-888-1000
  • Co List Office Phone: 614-888-1000
  • MLS Status: Active
  • Subdivision Name: German/Merion Village Area
  • Location Property Info List PriceSqFt: 234.13
  • Remarks Misc Hot Sheet Comments: price
  • General Property Info Building Sq Ft: 7688.0
  • General Property Info # of Buildings: 3.0
  • Miscellaneous: W/D Hookups
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Other

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info Off Street Parking Spaces: 8.0
  • Parking Features:Parking Features: 2 Off Street, No Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Water Source: Public
  • Heat Fuel: Gas

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-023943
  • Lot Size Sq Ft: 14810.4
  • Additional Parcels: No
  • Zoning Description: R-2F

Rental Info

  • Owner Pays: Trash Collection
  • Tenant Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Number Of Units Total: 10
  • Net Operating Income: 106600.0
  • Annual Operating Expense: 60537.0

Tax Info

  • Tax Annual Amount: 21328.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,328 $287,350 $75,670 $211,680
2024 $21,328 $287,350 $75,670 $211,680
2023 $20,990 $287,350 $75,670 $211,680
2022 $13,258 $176,790 $75,670 $101,120
2021 $13,315 $176,790 $75,670 $101,120
2020 $13,224 $176,790 $75,670 $101,120
2019 $11,647 $141,410 $60,520 $80,890
2018 $12,875 $141,410 $60,520 $80,890
2017 $11,633 $141,410 $60,520 $80,890
2016 $15,230 $175,010 $60,520 $114,490
2015 $14,141 $175,010 $60,520 $114,490
2014 $14,134 $175,010 $60,520 $114,490
2013 $9,772 $175,000 $60,515 $114,485
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/14/2026 08/14/26 Price Changed $1,800,000 -5.3% $234 / Sq Ft
07/09/2026 07/09/26 For Sale $1,900,888 -- $247 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $500,000 Land & Mo
Corporate Deed $320,000 Connor Title Co
Warranty Deed $551,600 --
Fiduciary Deed $325,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $500,000 Credit Line Revolving
Previous Owner $400,000 Future Advance Clause Open End Mortgage
Previous Owner $450,000 Commercial
Previous Owner $375,000 Commercial
Previous Owner $320,000 Commercial
Previous Owner $490,000 Commercial
Source: Public Records

Source: Columbus and Central Ohio Regional MLS

MLS Number: 226025465

Columbus and Central Ohio Regional MLS
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