NOT LISTED FOR SALE

Columbus, OH 43201

Indianola Terrace Neighborhood
-- Bed
-- Bath
5,328 Sq Ft
5,663 Sq Ft Lot

Last Sold June 27, 2025

Last sale price $760,000 $143 Per Sq Ft

38 Days on Market

About This Home

As of June 2025

Beautifully Renovated 6-Unit Apartment Building just minutes from The Ohio State University. Each spacious 2-bedroom, 1-bath unit features modern upgrades including hardwood floors, stainless steel appliances, white quartz countertops, in-unit washer/dryer, and a private balcony. Pet-friendly (up to two cats or dogs) with free off-street parking included. Perfect blend of comfort, style, and convenience.

Last Agent to Sell the Property

Allison Brown

Coldwell Banker Realty License #2015004377 Listed on: 05/01/2025

Coldwell Banker Realty

Last Buyer's Agent

Lee Ritchie

RE/MAX Partners License #2010001340

RE/MAX Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,531

Year Built

  • Built in 1910

Lot Details

  • 5,663

Home Design

  • 5,328 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction

Parking

  • 6 Parking Spaces
  • Common or Shared Parking
  • Off-Street Parking: 6

Additional Features

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

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 010-052185

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $28,951
  • Gross Income $74,514
  • Net Operating Income $45,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,531

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: Mixed Use
  • Lot Size Acres: 0.13
  • Total Gross Income: 74513.54
  • Co List Office Phone: 614-759-0808
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 157.28
  • Remarks Misc Hot Sheet Comments: price
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 74513.54
  • Annual Expenses: 28950.63
  • General Property Info Building Sq Ft: 5328.0
  • Heat Fuel Electric4: Yes
  • Owner Pays Trash2: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Water Source Public: Yes
  • Remarks Misc Property Description3: 6-Unit Apartment Building Near OSU Campus - Fully Occupied Investment Opportunity Located just minutes from the Ohio State University campus, this well-maintained 6-unit apartment building offers a rare chance to acquire a high-performing asset in a prime rental market. Each unit features two bedrooms with well-designed layouts, in-unit washer and dryer, and full kitchen appliance packages—making them highly attractive to tenants. The building is 100% occupied with stable, long-term tenants. Residents cover all utilities except trash, providing consistent operating efficiency and reduced landlord responsibilities. A valuable tax abatement is currently in place, and there is notable potential to enhance returns through future rent adjustments. Curb Offers please.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 6.0
  • General Property Info Off Street Parking Spaces2: 6.0
  • Parking Features Common: Yes

Utilities

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

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-052185
  • Lot Size Sq Ft: 5662.8
  • Additional Parcels: No

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 6
  • Net Operating Income: 45562.91
  • Annual Operating Expense: 28950.63

Tax Info

  • Tax Annual Amount: 2531.0
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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
01/04/2026 01/04/26 Off Market $1,250 -- --
09/26/2025 09/26/25 Price Changed $1,250 +28.2% $1 / Sq Ft
07/06/2025 07/06/25 Price Changed $975 -22.0% $1 / Sq Ft
07/01/2025 07/01/25 Price Changed $1,250 -3.8% $1 / Sq Ft
07/01/2025 07/01/25 For Rent $1,300 0.0% --
06/27/2025 06/27/25 Sold $760,000 -9.3% $143 / Sq Ft
06/08/2025 06/08/25 Pending -- -- --
05/28/2025 05/28/25 Price Changed $838,000 -1.2% $157 / Sq Ft
05/01/2025 05/01/25 For Sale $848,000 -- $159 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Agents Affiliated with this Home

  • Allison Brown

    Seller's Agent in 2025

    Allison Brown

    Coldwell Banker Realty

    (614) 759-0808

    1 in this area

    16 Total Sales

    Allison Brown
    Section Image
  • Lee Ritchie

    Buyer's Agent in 2025

    Lee Ritchie

    RE/MAX

    (614) 595-0732

    1 in this area

    884 Total Sales

    Lee Ritchie
    Section Image
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Source: Columbus and Central Ohio Regional MLS

MLS Number: 225014784

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43201

Indianola Terrace

Not Listed for Sale

MultiFamily

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