1106-1116 Parsons Avenue, Columbus, OH 43206

Columbus
Local realty services provided by:ERA Martin & Associates
1106-1116 Parsons Avenue,Columbus, OH 43206
$1,200,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ryan lawasani
Office: coldwell banker realty614-871-0808
MLS#:226023174
Source:OH_CBR

Price summary

  • Price:$1,200,000

About this home

Turnkey 6-Unit Multifamily Investment | Strong Cash Flow | Major Capital Improvements Completed Exceptional opportunity to acquire a fully occupied 6-unit apartment building in one of Columbus' rapidly growing investment corridors. The property consists of **five 2-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit**, offering a desirable unit mix with strong rental demand. Currently **100% occupied**, the property generates **$100,920 in annual gross income** and **$71,429 in net operating income**, providing immediate cash flow for investors. Long-term leases are in place, creating stable income from day one. Ownership has invested substantially in the property with **major capital improvements completed between 2023 and 2025**. In **May 2025**, all **six electrical panels were replaced**, bringing the property into full code compliance. This $15,000 improvement also reduced insurance costs from approximately **$700 per month to just $214 per month**, creating an...

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Home facts

  • Year built:1925
  • Listing ID #:226023174
  • Added:91 day(s) ago
  • Updated:September 21, 2026 at 03:06 PM

Heating and cooling

  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1925
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,200,000
  • Tax amount:$16,218
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor ERA Martin & Associates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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