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 utilitiesBased 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 submarket2-year P&L and rent roll available in documents. Financials available upon request.

1500 Fairview Avenue | MLS# 226003167

This multi-family property located at 1500 Fairview Avenue, Columbus, OH 43212 is currently listed for sale with an asking price of $900,000. Fairview Avenue is located within the COLUMBUS CITY school district. Search Columbus real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Cooling: Central Air

Days on Market: 40

Heating: Forced Air

Lot Size: 0.20 Acres

Taxes: $10,594

Year Built: 1955

Feature Descriptions

Parcel #: 010-062633

Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer

Local Schools

School District: COLUMBUS CITY

Demographics

Franklin County Demographic Information for 1500 Fairview Avenue, Columbus, OH 43212

Fips

Fips Code 39049

Population

2020 to 2023 Change up 0.2%

2010 Count 1,163,414

2020 Count 1,323,807

2023 Estimate (V2023) 1,326,063

2020 Estimate (V2023) 1,323,810

Age Distribution (Years Old)

0 to 4 6.5%

5 to 17 22.9%

18 to 64 57.4%

65 and Older 13.2%

Gender

Male 49.2%

Female 50.8%

Place of Birth

Foreign 12.0%

US 88.0%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 41.7%

Computer and Internet use

Households with a computer 95.9%

Households with a broadband Internet subscription 92.1%

Language

English is Second Language, Age 5+ 14.9%

English is First Language, Age 5+ 85.1%

Veterans

Veterans 56,845

Income

Per Capita Income $41,148

Median Household Income $71,070

People in Poverty 15.1%

Commute

Average Work Commute Time 22 minutes

Housing

Total Housing Units 594,813

Households 542,366

Average Household Size 2.38

Owner-Occupied 53.5%

Multi-Family 36.6%

Owner-Occupied Median Value $243,100

Median selected monthly owner costs -with a mortgage $1,667

Median selected monthly owner costs -without a mortgage $685

Median gross rent $1,169

Building Permits

New Private Housing Issued 2023 7,303

Years at Residence

1 Year or More 82.6%

Less Than 1 Year 17.4%

Business and Employment

Private non-farm Establishments 30,187

Private non-farm Employment 642,630

Private non-farm Employment Growth up 0.4%

Nonemployer Establishments 117,491

Number of Firms 107,363

Business Production

Value of Shipments $13,796,060,000

Wholesale Trade $32,205,012,000

Retail Trade $25,665,382,000

Retail Sales Per Capita $17,887

Accommodation and Food Services $3,728,293,000

Land

Land Area 532.19 sq. miles

Population Per Square Mile 2,187

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 5,536.44 per month $4,391.11 Principal & Interest $882.83 Property Tax $262.50 Homeowner's Insurance

Change Payment Information

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1500 Fairview AvenueColumbus, OH 43212