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
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2020 Columbus Board of Realtors. All rights reserved.
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