17
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$900,000
Est. payment /mo
8,712 Sqft Lot
Active Under Contract
1500 Fairview Avenue Columbus, OH 43212
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Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Fifth By Northwest
MLS Listing ID 226003167
Year Built 1955
Annual Tax Amount $10,594
Lot Size 8,712 Sqft
Lot Dimensions 0.2
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
Curb Offers only. Fully occupied four-unit brick multifamily in the heart of Fifth by Northwest District between Grandview and UA with Columbus taxes.
3,576 SF , 4 two bedroom units with a brick 4-car garage.
Current rents:
• Three updated units averaging $1,600/month
• One long-term tenant at $800/month
• Tenants pay all utilities
Based on 2024 NOI, the property is operating at a 6% cap rate at list price, with immediate upside through lease adjustments on the under-market unit (market rent ~$1,800 for updated units).
Three of four units have been remodeled with updated kitchens, baths, and neutral finishes. The fourth unit offers clear value-add potential. Shared basement, garage parking, and strong tenant demand in one of Columbus' most walkable rental corridors.
Consistent occupancy history. Minimal landlord expense structure with tenants covering all utilities.
Ideal for:
• Investor seeking stable in-place income with upside
• 1031 exchange buyer
• Owner looking to secure long-term asset in Grandview submarket
2-year P&L and rent roll available in documents. Financials available upon request.
3,576 SF , 4 two bedroom units with a brick 4-car garage.
Current rents:
• Three updated units averaging $1,600/month
• One long-term tenant at $800/month
• Tenants pay all utilities
Based on 2024 NOI, the property is operating at a 6% cap rate at list price, with immediate upside through lease adjustments on the under-market unit (market rent ~$1,800 for updated units).
Three of four units have been remodeled with updated kitchens, baths, and neutral finishes. The fourth unit offers clear value-add potential. Shared basement, garage parking, and strong tenant demand in one of Columbus' most walkable rental corridors.
Consistent occupancy history. Minimal landlord expense structure with tenants covering all utilities.
Ideal for:
• Investor seeking stable in-place income with upside
• 1031 exchange buyer
• Owner looking to secure long-term asset in Grandview submarket
2-year P&L and rent roll available in documents. Financials available upon request.
Location
State OH
County Franklin
Community Fifth By Northwest
Area 0.2
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-062633
Listed by Matthew T Schirtzinger RE/MAX Premier Choice
NEARBY SCHOOL & BUSINESS
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Lorrie Raymond
OH/REALTOR®, Steubenville manager, WV/Salesperson | License ID: SAL.2018004006, WVS230302470