357 E 14th Avenue, Columbus, OH 43201
Local realty services provided by:ERA Real Solutions Realty
357 E 14th Avenue,Columbus, OH 43201
$1,700,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: zeke liston
Office: red 1 realty614-585-9020
MLS#:226013166
Source:OH_CBR
Price summary
- Price:$1,700,000
About this home
Located near The Ohio State University, this 16-unit property--offered by the original development family--presents a rare opportunity in one of the strongest student rental corridors in the Midwest. The building features 16 spacious 2-bedroom, 1-bathroom apartments, well-suited for student and young professional occupancy with consistent year-round demand. The property is currently stabilized at an average in-place rent of $937 per unit, well below market, with comparable rents at $1,150+. One unit is currently vacant and in need of a turn. The owner has obtained a $19,795 renovation quote for this unit. All units are individually submetered for water; however, the current owner is not utilizing the submetering system and is currently paying the water expense. This presents an immediate opportunity for a new owner to activate the submetering system and meaningfully improve NOI. Tenants currently pay for gas and electric. The roof is less than 10 years old, and a full list of mechanical ages is available for review. The property also includes a partial basement with washer/dryer facilities, with additional NOI upside available through the implementation of rentable storage closets. Off-street parking consists of 22 total spaces, which are currently not monetized, offering a straightforward opportunity to introduce parking fees and further increase income. The property's brick construction, efficient layout, and low-maintenance profile make it a strong operational asset with limited ongoing capital requirements. While already well-positioned physically, the primary upside is driven by lease-up, rent growth, and the monetization of currently underutilized income streams. This is an ideal opportunity for an investor seeking a strategically located OSU asset with immediate value-add potential and multiple clear paths to increased NOI through both operational and leasing improvements....
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Home facts
- Year built:1970
- Listing ID #:226013166
- Added:6 day(s) ago
- Updated:April 28, 2026 at 02:45 PM
Heating and cooling
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1970
- Lot area:0.39 Acres
Finances and disclosures
- Price:$1,700,000
- Tax amount:$47,346
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