$749,000
$76K PRICE DROP

335 E 18th Ave Unit 333 Columbus, OH 43201

Indianola Terrace Neighborhood

Estimated payment $4,700/month

Total Views 3,051
-- Bed
-- Bath
4,187 Sq Ft
$179 Price per Sq Ft

About This Home

Outstanding OSU student housing investment. This fully leased triplex is located in a prime rental corridor. Current rents are well below market for comparable student housing, giving investors immediate upside potential. The property is 100% occupied with three large units: a 3-bed/1-bath rented at $1,650/month, a 3-bed/1-bath at $1,750/month, and a 5-bed/2-bath at $1,950/month. Bedroom-heavy layouts, a walkable location, and on-site parking make this an attractive and reliable option for student renters year after year.
Significant recent renovations enhance appeal and reduce near-term expenses. At 333-1/2, updates include new LVT flooring, new cabinets, granite countertops, tile backsplash, stainless steel appliances, and upgraded electrical. At 335, similar improvements were completed, plus new drywall replaced outdated plaster. Units have washer dryer hookups and central air. Exterior upgrades include a newly paved asphalt parking lot.
With modern finishes, updated systems, and ample bedroom counts, the property is perfectly positioned to capture the area's strong student housing demand.

Listing Agent

Brett Ludwig

Verti Commercial Real Estate L License #2016004572 Listed on: 09/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,263

Year Built

  • Built in 1910

Home Design

  • 4,187 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Additional Features

  • Washer and Dryer Hookup
  • 5,663 Sq Ft Lot
  • Forced Air Heating and Cooling System
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 010-027980

Community Details

Overview

  • 3 Units
  • Mid-Rise Condominium

Building Details

  • Operating Expense $19,640
  • Gross Income $61,290
  • Net Operating Income $41,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,263

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1910
  • Tax Year: 2024
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.13
  • Total Gross Income: 61290.0
  • Co List Office Phone: 380-215-6046
  • MLS Status: Active
  • Location Property Info List PriceSqFt: 178.89
  • Remarks Misc Hot Sheet Comments: price
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 61290.0
  • Annual Expenses: 19640.0
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 4187.0
  • Construction Block3: Yes
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Miscellaneous WD Hookups: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Water Source Public: Yes
  • Remarks Misc Property Description3: Outstanding OSU student housing investment. This fully leased triplex is located in a prime rental corridor. Current rents are well below market for comparable student housing, giving investors immediate upside potential. The property is 100% occupied with three large units: a 3-bed/1-bath rented at $1,650/month, a 3-bed/1-bath at $1,750/month, and a 5-bed/2-bath at $1,950/month. Bedroom-heavy layouts, a walkable location, and on-site parking make this an attractive and reliable option for student renters year after year. Significant recent renovations enhance appeal and reduce near-term expenses. At 333-1/2, updates include new LVT flooring, new cabinets, granite countertops, tile backsplash, stainless steel appliances, and upgraded electrical. At 335, similar improvements were completed, plus new drywall replaced outdated plaster. Units have washer dryer hookups and central air. Exterior upgrades include a newly paved asphalt parking lot. With modern finishes, updated systems, and ample bedroom counts, the property is perfectly positioned to capture the area's strong student housing demand.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features On Street2: Yes
  • Parking Features 2 Off Street2: Yes
  • General Property Info Off Street Parking Spaces: 4.0

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-027980
  • Lot Size Sq Ft: 5662.8
  • Additional Parcels: No
  • Zoning Description: Residential, R4

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 41650.0
  • Annual Operating Expense: 19640.0

Tax Info

  • Tax Annual Amount: 9263.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $9,263 $202,130 $37,240 $164,890
2023 $9,148 $202,125 $37,240 $164,885
2022 $8,952 $168,460 $29,400 $139,060
2021 $8,968 $168,460 $29,400 $139,060
2020 $8,982 $168,460 $29,400 $139,060
2019 $8,379 $134,750 $23,520 $111,230
2018 $7,719 $134,750 $23,520 $111,230
2017 $8,377 $134,750 $23,520 $111,230
2016 $7,769 $114,350 $15,090 $99,260
2015 $7,073 $114,350 $15,090 $99,260
2014 $7,090 $114,350 $15,090 $99,260
2013 $3,179 $103,950 $13,720 $90,230
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2025 11/18/25 Price Changed $749,000 -6.3% $179 / Sq Ft
10/06/2025 10/06/25 Price Changed $799,000 -3.2% $191 / Sq Ft
09/04/2025 09/04/25 For Sale $825,000 -- $197 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $565,000 Columbus Title
Quit Claim Deed -- Columbus Title
Warranty Deed -- None Available
Interfamily Deed Transfer -- Attorney
Corporate Deed $325,000 Principle
Warranty Deed $340,000 Principle T
Interfamily Deed Transfer -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $575,763 Credit Line Revolving
Previous Owner $260,000 Purchase Money Mortgage
Previous Owner $272,000 Purchase Money Mortgage
Previous Owner $123,500 Purchase Money Mortgage
Source: Public Records

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225033560

Columbus and Central Ohio Regional MLS

APN: 010-027980

Ohio Franklin County Columbus 43201 Indianola Terrace

335 E 18th Ave Unit 333, Columbus, OH

For Sale

MultiFamily

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Brett Ludwig
Listing Agent
Brett Ludwig
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Verti Commercial Real Estate L
(380) 268-3318