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1500 Fairview 1500 Fairview Ave 4 Unit Apartment Building $900,000 ($225,000/Unit) Columbus, OH 43212
Executive Summary
Fully occupied four unit brick multifamily in the heart of the Grandview area. Four Two bedroom flats. Three units were updated in 2022 with new kitchens and baths and rent for an avg of $1600/mo (market rent $1800). There is one long term Tenant. Tenants pay all utilities. 4 car garage for parking. Ideal for investor seeking stable in-place income with upside through lease adjustments on the under-market unit (market rent ~$1,800 for updated units).
potential. Curb offers only. Cap rate is 6% based on 2024 NOI. 2025 had vacancies due to a change in leasing agents. Financials including 2 years of P & L and rent rolls available in the data center.
potential. Curb offers only. Cap rate is 6% based on 2024 NOI. 2025 had vacancies due to a change in leasing agents. Financials including 2 years of P & L and rent rolls available in the data center.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$54,530
|
$15.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$54,530
|
$15.25
|
| Taxes |
$10,593
|
$2.96
|
| Operating Expenses |
$11,164
|
$3.12
|
| Total Expenses |
$21,757
|
$6.08
|
| Net Operating Income |
$32,773
|
$9.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $54,530 |
| Annual Per SF | $15.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $54,530 |
| Annual Per SF | $15.25 |
| Taxes | |
|---|---|
| Annual | $10,593 |
| Annual Per SF | $2.96 |
| Operating Expenses | |
|---|---|
| Annual | $11,164 |
| Annual Per SF | $3.12 |
| Total Expenses | |
|---|---|
| Annual | $21,757 |
| Annual Per SF | $6.08 |
| Net Operating Income | |
|---|---|
| Annual | $32,773 |
| Annual Per SF | $9.16 |
Property Facts Under Contract
| Price | $900,000 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,576 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1955/2022 |
| Zoning | UCT - Designed for areas in the older parts of Columbus, especially at key intersections and near major bus stops. Supports mixed-use developments. | ||
| Price | $900,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,576 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2022 |
| Zoning | UCT - Designed for areas in the older parts of Columbus, especially at key intersections and near major bus stops. Supports mixed-use developments. |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Hardwood Floors
- Refrigerator
- Range
- Basement
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010-062633 | Total Assessment | $142,730 |
| Land Assessment | $35,000 | Annual Taxes | $10,593 ($2.96/SF) |
| Improvements Assessment | $107,730 | Tax Year | 2025 |
Property Taxes
Parcel Number
010-062633
Land Assessment
$35,000
Improvements Assessment
$107,730
Total Assessment
$142,730
Annual Taxes
$10,593 ($2.96/SF)
Tax Year
2025
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1500 Fairview | 1500 Fairview Ave
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