1635-1645 E Mound Street, Columbus, OH 43205
$1,500,000
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Property Type:
Commercial
Square Footage:
12,288
Lot Size (sq. ft.):
24,829
Status:
Active
Current Price:
$1,500,000
List Date:
11/03/2025
Last Modified:
11/11/2025
Description
Back on Market! Excellent investment opportunity! This well-maintained 16-unit apartment building is 100% occupied with strong rental
history and long-term tenants. Current rents are below market, providing significant upside potential for increased cash
flow. 7-1 car garages not being rented and large basement workshops for maintenance. Excellent value add opportunity
with a cash flowing property!
Supplements: ********
More Information MLS# 225040015
Location & Property Info
List Price/SqFt: 122.07
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 13.69
General Property Info
Previous Use: Apartments
Total SqFt Available: 12288
Bldg Sq Ft: 12288
Max Cont Sqft Avail: 663
Minimum Sqft Avail: 663
Occupancy Rate: 100
Total Parking: 14
# of Docks: 0
Use Code: 401 - APARTMENT:4-19 UNITS
Number of Units: 16
# of Floors Above Gr: 2
Year Built: 1952
Acreage: 0.57
Tax Info
Tax Abatement: No
Taxes (Yrly): 17180
Parcel #: 010-019229
Tax Year: 2024
Remarks & Misc
Property Description: Back on Market! Excellent investment opportunity! This well-maintained 16-unit apartment building is 100% occupied with strong rental
history and long-term tenants. Current rents are below market, providing significant upside potential for increased cash
flow. 7-1 car garages not being rented and large basement workshops for maintenance. Excellent value add opportunity
with a cash flowing property!
Income/Expenses
Gross Income: 168180
Net Operating Income: 132641
Total Expenses: 35539
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
Building Insurance: 1
Repairs: 1
RE Taxes: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Expenses
R.E. Taxes: 17180
Repairs&Maintenance: 6000
Electricity Expense: 5370
Water Expense: 6989
Construction
Brick: 1
Heat Fuel
Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Heat Type
Forced Air: 1
Electric
Single Phase: 1
Auction Info
Auction/Online Bidding Y/N: No
Business Type
Multi-Family: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1500000
List Price: $1,500,000
Property Sub Type: Other Com
Street #: 1635-1645
Street PreDirection: E
Street Name: Mound
Street Suffix: Street
County: Franklin
State: OH
Zip Code: 43205
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2025-10-22
Property Features
Addl Acceptance Cond: None Known
Expenses Paid by L: Building Insurance; Repairs; RE Taxes
Heat Fuel: Gas
Heat Type: Forced Air
Electric: Single Phase
Water Source: Public
Sewer: Public Sewer
Construction: Brick
Business Type: Multi-Family
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Keller Williams Greater Cols
Listing Agent:
Jeffrey I Kanowsky
Last Updated: November - 11 - 2025
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