335 E 18th Ave Unit 333 Columbus, OH 43201
Indianola Terrace NeighborhoodEstimated payment $4,996/month
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 $1,850/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 At 335, similar improvements were completed, plus new drywall replaced outdated plaster.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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,263
Year Built
- Built in 1910
Home Design
- 3,452 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
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 |
|---|---|---|---|---|
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/06/2025 10/06/25 | Price Changed | $799,000 | -3.2% | $231 / Sq Ft |
| 09/04/2025 09/04/25 | For Sale | $825,000 | -- | $239 / Sq Ft |
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 | -- | -- |
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: Columbus and Central Ohio Regional MLS
MLS Number: 225033560
APN: 010-027980
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