357 E 14th Ave Columbus, OH 43201
Indianola Terrace NeighborhoodEstimated payment $11,306/month
About This Home
Located steps from The Ohio State University, this 16-unit property offers unbeatable access to one of the largest student populations in the country. Positioned in a high-demand rental corridor with strong year-round leasing potential. The building features 16 spacious and well-laid-out 2-bedroom, 1-bathroom apartments—ideal for student and young professional tenants seeking roommate-style living near campus. While the property is in solid physical condition, it currently needs to be leased up. This presents a prime opportunity for an investor to add value through professional leasing, minor cosmetic updates, and operational improvements. Given the location and unit mix, there is significant potential to increase rents to market levels through strategic upgrades and stabilization. The building includes off-street parking and a courtyard-style layout, which enhances appeal and convenience for tenants. Brick and siding construction paired with a clean roofline and simple landscaping makes this a low-effort asset from a capital expenditure standpoint. Ideal for an investor looking to capitalize on a well-positioned asset near OSU with the ability to force appreciation and boost NOI in the near term.
Property Details
Home Type
- Apartment
Year Built
- Built in 1970
Home Design
- 6,705 Sq Ft Home
- Brick Exterior Construction
Additional Features
- 0.4 Acre Lot
- Central Air
Community Details
- 16 Units
Listing and Financial Details
- Assessor Parcel Number 010-016328
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2025 11/05/25 | For Sale | $1,800,000 | -- | $268 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225041973
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