2023 Sullivant Avenue, Columbus, OH 43223
Local realty services provided by:ERA Real Solutions Realty
2023 Sullivant Avenue,Columbus, OH 43223
$499,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tonda brown
Office: e-merge real estate
MLS#:226004312
Source:OH_CBR
Price summary
- Price:$499,900
About this home
Rare Columbus Investment Opportunity: Fully Re-Imagined Quadplex with Modern Structural Integrity.
Experience a truly turnkey asset in the heart of Columbus. Originally a single-family structure, this property has been expertly engineered and converted into a high-yielding four-unit residence. Every square inch of this asset has been rehabbed within the last 5 years, ensuring a high-performance portfolio addition with minimal deferred maintenance.
The Configuration:
Two Massive Lower Units: Each featuring 3 Bedrooms and 2 Full Bathrooms—ideal for premium rental rates or Section 8 high-tier vouchers.
Two Upper Units: Each featuring 2 Bedrooms and 1.5 Bathrooms—perfectly balanced for the local professional workforce.
The Infrastructure (All Under 5 Years Old):
Full Mechanical Separation: True utility independence with 4 separate gas meters, 4 separate electric meters, and 4 separate water lines. Tenants pay all primary utilities, drastically reducing owner overhead.
New Structural Components: Brand new roof, updated drywall throughout, and high-durability modern flooring designed for long-tenure tenants.
Exterior Upgrades: A newly added deck provides outdoor living space, a rare premium for multi-family units in this market.
Compliance: The property has successfully passed all rigorous Columbus City/Compass Inspections, ensuring immediate operational readiness.
Financial Snapshot:
With a Gross Annual Income of $53,700 and a streamlined expense profile due to tenant-paid utilities, this property offers a superior Net Operating Income (NOI) compared to older, non-separated units.
This is not a 'value-add' project; this is a stabilized, high-efficiency engine for wealth. Perfect for 1031 Exchange buyers or investors seeking a hands-off, 'A-Class' physical asset....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:226004312
- Added:47 day(s) ago
- Updated:April 04, 2026 at 02:53 PM
Heating and cooling
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1920
- Lot area:0.13 Acres
Finances and disclosures
- Price:$499,900
- Tax amount:$3,192
Parking
- Total parking spaces:4
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