$689,000
$136K PRICE DROP

Estimated payment $4,318/month

Total Views 12,382
-- Bed
-- Bath
4,187 Sq Ft
$165 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 At 335, similar improvements were completed, plus new drywall replaced outdated plaster.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: 12/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,263

Year Built

  • Built in 1910

Home Design

  • 4,187 Sq Ft Home

Parking

  • 4 Parking Spaces
  • Off-Street Parking: 4

Additional Features

  • 5,663 Sq Ft Lot
  • Forced Air Heating and Cooling System

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

5,663 Sq Ft Lot

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: 164.56
  • Remarks Misc Hot Sheet Comments: price
  • General Property Info Building Sq Ft: 4187.0
  • General Property Info # of Buildings: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Type: Block, Brick, Frame, Other

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info Off Street Parking Spaces: 4.0

Utilities

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

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

Rental Info

  • Tenant Pays: Electricity, Gas, Water

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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2026 02/20/26 Price Changed $689,000 -6.8% $165 / Sq Ft
01/05/2026 01/05/26 Price Changed $739,000 -1.3% $176 / 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

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