1635-1645 E Mound Street, Columbus, OH 43205
$1,150,000
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Property Type:
Commercial
Square Footage:
12,288
Lot Size (sq. ft.):
24,829
Status:
Contingent
Current Price:
$1,150,000
List Date:
3/16/2026
Last Modified:
3/18/2026
Overview
Description
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!
Listing Details MLS# 225040015
Location Property Info
- Original List Price
- 1500000
- 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
- MLS Entry Date
- 2025-10-22
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
- Number of Units
- 16
- # of Floors Above Gr
- 2
- Total Parking
- 14
- Year Built
- 1952
- Use Code
- 401 - APARTMENT:4-19 UNITS
- Acreage
- 0.57
- # of Docks
- 0
Tax Info
- Parcel #
- 010-019229
- Tax Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 17180
Expenses
- R.E. Taxes
- 17180
- Repairs&Maintenance
- 6000
- Electricity Expense
- 5370
- Water Expense
- 6989
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 93.59
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 13.69
Remarks & Misc
- Property Description
- 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
- Yes
Expenses Paid by L
- Building Insurance
- Yes
- Repairs
- Yes
- RE Taxes
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Heat Type
- Forced Air
- Yes
Electric
- Single Phase
- Yes
Business Type
- Multi-Family
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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: March - 18 - 2026
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