$3,950,000

853 Thurman Ave Columbus, OH 43206

Karns Park Neighborhood

Estimated payment $20,922/month

Total Views 7,493
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Home Security System
  • Forced Air Heating and Cooling System
  • 1-minute walk to Karns Park

About This Home

Beautifully renovated quad plexes adjacent to Merion Village. These units are currently licensed as short term rentals and exclusively listed on AirBnB. Tax abated for 15 years. Renovations included but are not limited to: New roof, gutters, windows, electric, HVAC plumbing, flooring, mechanicals, flooring, appliances, concrete parking lot, fencing and outdoor structures. Continued cleaning and management is negotiable.

Listing Agent

Nathan Jacob

Valor Real Estate License #2020008865 Listed on: 07/05/2025

Valor Real Estate

Co-Listing Agent

Phillip Couch

Valor Real Estate License #2018001563

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,445

Year Built

  • Built in 1955

Home Design

  • Brick Exterior Construction

Parking

  • 18 Parking Spaces
  • No Garage
  • Off-Street Parking: 6

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Available

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 010-028146-00

Community Details

Overview

  • 3 Buildings
  • 12 Units

Building Details

  • Electric Expense $14,400
  • Fuel Expense $11,520
  • Insurance Expense $16,490
  • Manager Expense $38,520
  • Professional Management Expense $38,520
  • Supplies Expense $6,000
  • Operating Expense $135,889
  • Gross Income $386,580
  • Net Operating Income $269,196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,445

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1955
  • Property Sub-Type: Townhouse
  • Total Gross Income: 386580.0
  • Supplies Expense: 6000.0
  • Co List Office Mls Id: c1603
  • Co List Office Phone: 614-578-7809
  • Co List Office Phone: 614-578-7809
  • MLS Status: Active
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 386580.0
  • Annual Expenses: 135889.0
  • Heat Fuel Gas4: Yes
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 3.0
  • Owner Pays Electric5: Yes
  • Owner Pays Gas6: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Miscellaneous Security System3: Yes
  • Air Conditioning Central Air: Yes
  • Water Source Public: Yes
  • Remarks Misc Property Description3: Beautifully renovated quad plexes adjacent to Merion Village. These units are currently licensed as short term rentals and exclusively listed on AirBnB. Tax abated for 15 years. Renovations included but are not limited to: New roof, gutters, windows, electric, HVAC plumbing, flooring, mechanicals, flooring, appliances, concrete parking lot, fencing and outdoor structures. Continued cleaning and management is negotiable.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Other

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 18.0
  • General Property Info Off Street Parking Spaces2: 6.0
  • Parking Features No Garage: Yes

Utilities

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

Fee Information

  • Annual Fuel Expense: 11520.0

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-028146-00
  • Additional Parcels Description: 1285-1291 S. Ohio Ave: 010-028145-00 1295 S. Ohio Ave: 010-028146-00

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 12
  • Electric Expense: 14400.0
  • Insurance Expense: 16490.0
  • Resident Manager Expense: 38520.0
  • Net Operating Income: 269196.0
  • Annual Operating Expense: 135889.0

Tax Info

  • Tax Annual Amount: 3444.66

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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List Price
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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
07/05/2025 07/05/25 For Sale $3,950,000 -- --
Source: Columbus and Central Ohio Regional MLS

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225024684

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43206 Karns Park

853 Thurman Ave, Columbus, OH

For Sale

MultiFamily

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Nathan Jacob
Listing Agent
Nathan Jacob
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Valor Real Estate
(380) 205-2438