1106-1116 Parsons Avenue, Columbus, OH 43206

$1,275,000
Property Type: Multi-Family Lot Size (sq. ft.): 6,534 Status: Active
Current Price: $1,275,000 List Date: 10/15/2025 Last Modified: 10/22/2025

Description

Exceptional Investment Opportunity - 1106-1116 Parsons Avenue, Columbus, OH Fully renovated in 2022, this six-unit property offers a rare opportunity for investors seeking reliable income and long-term appreciation. Each unit features modern finishes and turnkey readiness, appealing to quality tenants. Situated on separate parcels, the property provides flexibility for future refinancing, individual sales, or redevelopment opportunities. Located just minutes from Downtown Columbus and Nationwide Children's Hospital, it benefits from strong visibility and rising demand along this rapidly developing corridor. Recent Upgrades (2023-2025): • Replaced and upgraded electrical panels in all six units (completed May 2025), a $15,000 investment ensuring full code compliance and reducing total insurance premiums from $700 to $214/month, yielding a $5,800 annual expense reduction and immediate NOI improvement • New furnaces in Units 1106, 1110 & 1116 • New dishwashers in Units 1106, 1108, 1110, 1112 & 1116 • New washer & dryer in Unit 1110 (all laundry appliances owned by landlord) • New water heater in Unit 1110 • New air conditioning unit in Unit 1112

Supplements: ********

More Information MLS# 225039057

Location & Property Info

List Price/SqFt: 130.21 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

Built Prior to 1978: Yes Building Sqft: 9792 Number of Units: 6 Year Built: 1925 Acreage: 0.15

Tax Info

Addl Parcel Numbers: 010-306395-00 (#1106), 010-306396-00(#1108), 010-306397-00 (#1110), 010-306398-00 (#1112), 010-306399-00 (#1114), 010-306400-00 (#1116). Tax Abatement: No Taxes (Yrly): 15966 Parcel #: 010-026752 Tax Year: 2024

Remarks & Misc

Property Description: Exceptional Investment Opportunity - 1106-1116 Parsons Avenue, Columbus, OH Fully renovated in 2022, this six-unit property offers a rare opportunity for investors seeking reliable income and long-term appreciation. Each unit features modern finishes and turnkey readiness, appealing to quality tenants. Situated on separate parcels, the property provides flexibility for future refinancing, individual sales, or redevelopment opportunities. Located just minutes from Downtown Columbus and Nationwide Children's Hospital, it benefits from strong visibility and rising demand along this rapidly developing corridor. Recent Upgrades (2023-2025): • Replaced and upgraded electrical panels in all six units (completed May 2025), a $15,000 investment ensuring full code compliance and reducing total insurance premiums from $700 to $214/month, yielding a $5,800 annual expense reduction and immediate NOI improvement • New furnaces in Units 1106, 1110 & 1116 • New dishwashers in Units 1106, 1108, 1110, 1112 & 1116 • New washer & dryer in Unit 1110 (all laundry appliances owned by landlord) • New water heater in Unit 1110 • New air conditioning unit in Unit 1112

Income/Expenses

Gross Income: 96420 Net Operating Income: 70160 Total Expenses: 26260

Addl Acceptance Cond

None Known: 1

Expenses

R.E. Taxes: 15966 Property Insurance: 2580 Off-Site Management: 3587 Repairs&Maintenance: 3587

2 Bedroom

2 Bedroom # of Units: 6

Auction Info

Auction/Online Bidding Y/N: No

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1275000 List Price: $1,275,000 Property Sub Type: Townhouse Street #: 1106-1116 Street Name: Parsons Street Suffix: Avenue County: Franklin State: OH Zip Code: 43206 School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Active MLS Entry Date: 2025-10-14

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: Fiv Realty Co Ohio LLC
Listing Agent: Nasser Hussain
Last Updated: October - 22 - 2025
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