1309 -1319 Fair Avenue, Columbus, OH 43205
$2,399,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
20,038
Status:
Active
Current Price:
$2,399,000
List Date:
6/05/2025
Last Modified:
8/13/2025
Description
Introducing a stabilized 20-unit multifamily asset located in desirable Franklin Park. Two ten-unit buildings on two parcels, featuring a unit mix of 8 spacious two bedroom units and 12 efficient one-bedroom units. The property has undergone recent upgrades which include exterior painting, landscaping, renovated kitchens and bathrooms, refreshed parking lot, new commercial entry doors and an inviting pergola that enhances curb appeal and resident satisfaction. This asset offers fully occupied cash flow, with huge upside for value add with strong tenant demand. With rents positioned well below market, this rare opportunity to acquire a turn key building with both in place income and a value add upside. Ideal for investors seeking immediate returns with long-term growth potential in a rapidly appreciating market. Please DO NOT disturb tenants. Tours can be coordinated upon receipt of acceptable LOI
Supplements: ********
More Information MLS# 225020194
Location Property Info
Original List Price: 2499000
List Price: $2,399,000
Property Sub Type: Midrise
Street #: 1309 -1319
Street Name: Fair
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43205
Subdiv/Cmplx/Comm: FRANKLIN PARK
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2025-06-05
General Property Info
Number of Units: 20
# of Buildings: 2
Total Parking: 26
Building Sqft: 15616
Year Built: 1959
Built Prior to 1978: Yes
Lot Size (Side): 156
Acreage: 0.46
Tax Info
Parcel #: 010-019079
Addl Parcel Numbers: 010-016312, 010-020957
Tax Year: 2024
Tax Abatement: No
Taxes (Yrly): 41878
1 Bedroom
1 Bedroom # of Units: 12
2 Bedroom
2 Bedroom # of Units: 8
Auction Info
Auction/Online Bidding Y/N: No
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Gas; Sewer; Trash; Water
Tenant Pays: Electricity; Gas
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Window Unit(s)
Construction: Brick
Water Source: Public
Sewer: Public Sewer
New Financing: Conventional; FHA
MLS Primary PhotoSrc: Realtor Provided
Documents
Rent Comps 1 Bedroom ›Listing Office: Mainstream Realty Pros
Listing Agent: Aaron McDaniel
Last Updated: August - 13 - 2025
Broker Attribution:
mainstreamrealtypros@gmail.com
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.
