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:
2/18/2026
Last Modified:
2/18/2026
Overview
Description
Exceptional 6-unit investment opportunity - Curb Offer Only - 100% Occupied. Fully renovated in 2022, this turnkey multifamily property offers stable cash flow and strong upside in a rapidly developing corridor just minutes from Downtown Columbus and Nationwide Children's Hospital. Situated on separate parcels, providing added flexibility for future refinancing, individual resale, or redevelopment potential.
Major capital improvements completed 2023-2025, including full electrical panel replacements in all six units (May 2025, $15,000 investment) bringing property to full code compliance and reducing insurance premiums from $700/month to $214/month -- approximately $5,800 in annual expense savings and immediate NOI improvement. Additional updates include new furnaces (Units 1106, 1110, 1116), new dishwashers (1106, 1108, 1110, 1112, 1116), new washer & dryer in Unit 1110 (landlord-owned), new water heater (1110), and new A/C unit (1112).
Well-maintained, income-producing asset with modern finishes, updated mechanicals, and strong rental demand. Ideal addition for investors seeking stabilized returns in a high-growth Columbus market. Serious inquiries only.
Listing Details MLS# 225039057
Location Property Info
- Original List Price
- 1275000
- 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
- MLS Entry Date
- 2025-10-14
General Property Info
- Number of Units
- 6
- Building Sqft
- 9792
- Year Built
- 1925
- Built Prior to 1978
- Yes
- Acreage
- 0.15
Tax Info
- Parcel #
- 010-026752
- 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 Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 15966
2 Bedroom
- 2 Bedroom # of Units
- 6
Expenses
- R.E. Taxes
- 15966
- Property Insurance
- 2580
- Off-Site Management
- 3587
- Repairs&Maintenance
- 3587
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 130.21
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- Exceptional 6-unit investment opportunity - Curb Offer Only - 100% Occupied. Fully renovated in 2022, this turnkey multifamily property offers stable cash flow and strong upside in a rapidly developing corridor just minutes from Downtown Columbus and Nationwide Children's Hospital. Situated on separate parcels, providing added flexibility for future refinancing, individual resale, or redevelopment potential. Major capital improvements completed 2023-2025, including full electrical panel replacements in all six units (May 2025, $15,000 investment) bringing property to full code compliance and reducing insurance premiums from $700/month to $214/month -- approximately $5,800 in annual expense savings and immediate NOI improvement. Additional updates include new furnaces (Units 1106, 1110, 1116), new dishwashers (1106, 1108, 1110, 1112, 1116), new washer & dryer in Unit 1110 (landlord-owned), new water heater (1110), and new A/C unit (1112). Well-maintained, income-producing asset with modern finishes, updated mechanicals, and strong rental demand. Ideal addition for investors seeking stabilized returns in a high-growth Columbus market. Serious inquiries only.
Income/Expenses
- Gross Income
- 96420
- Net Operating Income
- 70160
- Total Expenses
- 26260
Addl Acceptance Cond
- None Known
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
MLS Primary PhotoSrc:
Realtor Provided
Documents
Bylaws ›
Listing Office:
Fiv Realty Co Ohio LLC
Listing Agent:
Nasser Hussain
Last Updated: February - 18 - 2026
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 2026 Columbus Board of Realtors. All rights reserved.