$1,850,000

4637 Hilton Ave Columbus, OH 43228

Estimated payment $10,766/month

Total Views 17,963
-- Bed
-- Bath
18,368 Sq Ft
$101 Price per Sq Ft

About This Home

Discover an exceptional investment opportunity with this impeccably maintained U-shaped all-brick building, thoughtfully designed and ideally situated on the west side, close to popular restaurants, shopping, and convenient freeway access. The property features 11 well-appointed units, including four 3-bedroom, 1.5-bath units and seven 2-bedroom, 1.5-bath units, offering a highly desirable mix for strong tenant appeal. An outstanding feature of this offering is the triple-net master lease with 2.5 years remaining, providing consistent and predictable revenue. The property is professionally managed by the tenant, minimizing owner involvement. The owner pays insurance and taxes upfront, with full reimbursement received over 12 months through the rent payments—an investor-friendly structure that simplifies operations and protects cash flow.
Each residence comes fully furnished by the master lessee, creating a turnkey experience and added value for residents. All units include central air, off-street parking, and private basements, which house washers and dryers owned by the master lessee—a rare and attractive amenity package in the multifamily market. Major improvements have already been addressed, including a new roof installed in 2021, ensuring long-term performance and reduced future maintenance costs. With its strong income profile, minimal hands-on management, and prime west side location, this property represents a standout, worry-free addition to any investment portfolio.

Listing Agent

Rich Russo

Rich Russo Realty & Co. License #0700427811 Listed on: 11/14/2025

Co-Listing Agent

Jennifer Krohn

Rich Russo Realty & Co. License #2005007340

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,750

Year Built

  • Built in 1969

Parking

  • Common or Shared Parking

Home Design

  • 18,368 Sq Ft Home
  • Brick Exterior Construction

Additional Features

  • Washer and Dryer Hookup
  • 0.42 Acre Lot
  • Basement

Community Details

  • 11 Units
  • Mid-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number 240-004324

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,750

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1969
  • Tax Year: 2024
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.42
  • Co List Office Mls Id: 11055
  • Co List Office Phone: 614-937-8699
  • Co List Office Phone: 614-937-8699
  • MLS Status: Active
  • Location Property Info List PriceSqFt: 100.72
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • General Property Info Building Sq Ft: 18368.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous WD Hookups: Yes
  • Water Source Public: Yes
  • Remarks Misc Property Description3: Discover an exceptional investment opportunity with this impeccably maintained U-shaped all-brick building, thoughtfully designed and ideally situated on the west side, close to popular restaurants, shopping, and convenient freeway access. The property features 11 well-appointed units, including four 3-bedroom, 1.5-bath units and seven 2-bedroom, 1.5-bath units, offering a highly desirable mix for strong tenant appeal. An outstanding feature of this offering is the triple-net master lease with 2.5 years remaining, providing consistent and predictable revenue. The property is professionally managed by the tenant, minimizing owner involvement. The owner pays insurance and taxes upfront, with full reimbursement received over 12 months through the rent payments—an investor-friendly structure that simplifies operations and protects cash flow. Each residence comes fully furnished by the master lessee, creating a turnkey experience and added value for residents. All units include central air, off-street parking, and private basements, which house washers and dryers owned by the master lessee—a rare and attractive amenity package in the multifamily market. Major improvements have already been addressed, including a new roof installed in 2021, ensuring long-term performance and reduced future maintenance costs. With its strong income profile, minimal hands-on management, and prime west side location, this property represents a standout, worry-free addition to any investment portfolio.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Parking Features Common: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: SOUTH WESTERN CSD 2511 FRA CO.

Lot Info

  • Parcel Number: 240-004324
  • Lot Size Sq Ft: 18295.2

Multi Family

  • Number Of Units Total: 11

Tax Info

  • Tax Annual Amount: 12750.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
11/14/2025 11/14/25 For Sale $1,850,000 +103.3% $101 / Sq Ft
05/24/2021 05/24/21 Sold $910,000 +3.5% $73 / Sq Ft View Prior Sale
03/22/2021 03/22/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $879,000 -- $70 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

About the Listing Agent

Rich Russo
Rich Russo

Rich Russo Realty & Co.

(380) 212-2369

Section Image

Rich is the active managing broker of Rich Russo Realty & Co which was established in 2020. Licensed for almost 30 years, and boasting a degree in Finance, Rich brings an exorbitant amount of experience and a special skill set to the real estate industry. He prides himself on not only finding and negotiating the best deals for his clients, but also assisting them after the sale by connecting them with other service professionals, as well as offering full-service, in-house property management.

View Rich's Profile

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Source: Columbus and Central Ohio Regional MLS

MLS Number: 225043111

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43228

4637 Hilton Ave, Columbus, OH

For Sale

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Rich Russo
Rich Russo
Listing Agent Section Image
Rich Russo Realty & Co.
(380) 212-2369