295 Thurman Ave Columbus, OH 43206
Merion Village NeighborhoodEstimated payment $11,651/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 | -- |
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: Columbus and Central Ohio Regional MLS
MLS Number: 226025465
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Ask me questions while you tour the home.