$899,900

Estimated payment $5,135/month

Total Views 14,835
-- Bed
-- Bath
4,450 Sq Ft
$202 Price per Sq Ft

About This Home

Curb Offer Only! Amazing investment opportunity! This recently updated 8-unit multifamily building is located in one of the most desirable areas of Columbus, near Ohio State University (OSU) and Riverside Hospital. The property offers excellent potential for both long-term rentals and Airbnb short-term income.
UPDATES for last 4yr:
All EIGHT UNITS have new Kitchen cabinets, new appliances, new LVP floors, new vanities, new toilets, new showers/tubs, new fresh painting, new lights. Most Kitchen have been added dishwashers, some units with own washer/dryer.
Each unit features one bedroom, one bathroom, a full kitchen, dining area, and open living space. The building has been well maintained and each units has been updated last 4 years. Parcel basement can be use for office or storage. 100% occupied with strong rental history. Easy to lease in a high-demand location. Average rent: ~$850 per unit; Tenants pay all utilities.
Strong future upside as rental rates in the area continue to rise, This is a turnkey property with immediate cash flow and significant growth potential.

Listing Agent

Yanhua Xue

OwnerLand Realty, Inc. License #2018001984 Listed on: 09/17/2025

OwnerLand Realty, Inc.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,146

Year Built

  • Built in 1963

Lot Details

  • 0.25 Acre Lot

Home Design

  • 4,450 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 010-117423

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $17,000
  • Gross Income $81,000
  • Net Operating Income $64,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,146

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1963
  • Tax Year: 2024
  • Property Sub-Type: Apartment
  • Lot Size Acres: 0.25
  • Total Gross Income: 81000.0
  • Co List Office Phone: 614-706-1115
  • MLS Status: Active
  • Location Property Info List PriceSqFt: 202.22
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 81000.0
  • Annual Expenses: 17000.0
  • General Property Info Building Sq Ft: 4450.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Owner Pays Trash2: Yes
  • Air Conditioning Window Unit(s): Yes
  • Water Source Public: Yes
  • Remarks Misc Property Description3: Curb Offer Only! Amazing investment opportunity! This recently updated 8-unit multifamily building is located in one of the most desirable areas of Columbus, near Ohio State University (OSU) and Riverside Hospital. The property offers excellent potential for both long-term rentals and Airbnb short-term income. UPDATES for last 4yr: All EIGHT UNITS have new Kitchen cabinets, new appliances, new LVP floors, new vanities, new toilets, new showers/tubs, new fresh painting, new lights. Most Kitchen have been added dishwashers, some units with own washer/dryer. Each unit features one bedroom, one bathroom, a full kitchen, dining area, and open living space. The building has been well maintained and each units has been updated last 4 years. Parcel basement can be use for office or storage. 100% occupied with strong rental history. Easy to lease in a high-demand location. Average rent: ~$850 per unit; Tenants pay all utilities. Strong future upside as rental rates in the area continue to rise, This is a turnkey property with immediate cash flow and significant growth potential.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-117423
  • Lot Size Sq Ft: 10890.0

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 64000.0
  • Annual Operating Expense: 17000.0

Tax Info

  • Tax Annual Amount: 5146.0

Map

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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 $5,146 $68,500 $21,000 $47,500
2023 $5,467 $68,495 $21,000 $47,495
2022 $15,891 $211,370 $21,000 $190,370
2021 $5,516 $68,250 $21,000 $47,250
2020 $5,105 $68,250 $21,000 $47,250
2019 $5,621 $68,250 $21,000 $47,250
2018 $3,233 $68,250 $21,000 $47,250
2017 $6,478 $78,750 $21,000 $57,750
2016 $5,102 $58,630 $21,000 $37,630
2015 $2,383 $58,630 $21,000 $37,630
2014 $4,735 $58,630 $21,000 $37,630
2013 $2,346 $58,625 $21,000 $37,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/17/2025 09/17/25 For Sale $899,900 +49.0% $202 / Sq Ft
09/18/2020 09/18/20 Sold $603,900 -1.8% $136 / Sq Ft View Prior Sale
08/24/2020 08/24/20 Price Changed $615,000 +2.5% $138 / Sq Ft
08/17/2020 08/17/20 For Sale $600,000 -- $135 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225035373

Columbus and Central Ohio Regional MLS