3244 E 5th Ave Columbus, OH 43219
Estimated payment $2,412/month
About This Home
Turnkey 3-unit apartment building positioned directly near the transformational $2 billion John Glenn Columbus International Airport expansion and redevelopment project! This high-growth location places the property in the path of continued economic investment, job growth, infrastructure improvements, and increasing housing demand on Columbus' east side. The asset features long-term tenants with an excellent payment history, providing immediate and reliable cash flow for investors seeking a stable multifamily property with future upside potential. With minimal deferred maintenance and 2,484 finished square feet consisting of one 1bed/1ba ($832), one 2bed/1ba (Occupied), and one 3bed/1ba ($1325). This is a strong turnkey addition to any portfolio. Beyond its current performance as a long-term rental, the property is exceptionally well positioned for future mid-term or short-term rental use due to its close proximity to the airport, downtown Columbus, and major employment hubs. The surrounding airport expansion is expected to drive continued demand from traveling professionals, airline personnel, contractors, and visitors seeking convenient accommodations near one of the region's largest infrastructure investments. 3244 E Fifth Ave offers investors the rare combination of in-place income, strategic location, and long-term growth potential in one of Columbus' rapidly evolving corridors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,329
Year Built
- Built in 1920
Home Design
- 2,484 Sq Ft Home
- Mixed Use
- Frame Construction
- Vinyl Siding
Parking
- 6 Parking Spaces
- Assigned Parking
Utilities
- Window Unit Cooling System
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Washer and Dryer Hookup
- 6,098 Sq Ft Lot
Community Details
- 3 Units
Listing and Financial Details
- The owner pays for trash collection
- Assessor Parcel Number 010-066638
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 | $5,045 | $72,560 | $9,170 | $63,390 |
| 2024 | $5,045 | $72,560 | $9,170 | $63,390 |
| 2023 | $3,434 | $72,560 | $9,170 | $63,390 |
| 2022 | $1,299 | $24,440 | $2,350 | $22,090 |
| 2021 | $1,923 | $24,440 | $2,350 | $22,090 |
| 2020 | $1,303 | $24,440 | $2,350 | $22,090 |
| 2019 | $1,382 | $22,230 | $2,140 | $20,090 |
| 2018 | $1,305 | $22,230 | $2,140 | $20,090 |
| 2017 | $1,372 | $22,230 | $2,140 | $20,090 |
| 2016 | $1,363 | $20,060 | $2,310 | $17,750 |
| 2015 | $1,229 | $20,060 | $2,310 | $17,750 |
| 2014 | $1,232 | $20,060 | $2,310 | $17,750 |
| 2013 | $765 | $23,590 | $2,730 | $20,860 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/12/2026 05/12/26 | For Sale | $400,000 | -11.1% | $161 / Sq Ft | |
| 03/28/2022 03/28/22 | Sold | $450,000 | +13.9% | $181 / Sq Ft | View Prior Sale |
| 03/28/2022 03/28/22 | Pending | -- | -- | -- | |
| 02/16/2022 02/16/22 | For Sale | $395,000 | +618.2% | $159 / Sq Ft | |
| 03/06/2015 03/06/15 | Sold | $55,000 | -8.2% | $22 / Sq Ft | View Prior Sale |
| 02/04/2015 02/04/15 | Pending | -- | -- | -- | |
| 11/06/2014 11/06/14 | For Sale | $59,900 | -- | $24 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $450,000 | First Ohio Title | |
| Warranty Deed | $450,000 | First Ohio Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $55,000 | Quality Choice Title Box | |
| Deed | -- | -- | |
| Deed | $9,000 | -- | |
| Deed | $16,800 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $337,500 | New Conventional | |
| Previous Owner | $337,500 | New Conventional | |
| Previous Owner | $54,003 | FHA |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226016519
APN: 010-066638
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Ask me questions while you tour the home.