2080-2090 E 5th Avenue, Columbus, OH 43219
New Listing
$1,650,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
20,473
Status:
Active
Current Price:
$1,650,000
List Date:
3/23/2026
Last Modified:
3/23/2026
Description
Completely renovated and fully permitted 9-unit multifamily property brought back to life with over $800,000 in capital improvements. This top-to-bottom renovation offers investors a rare opportunity to acquire a true turnkey asset with no CapEx required. Some of the many updates include a new roof, new windows, new mechanicals, updated plumbing and electrical, new parking lot, exterior improvements, and full interior renovations throughout--everything has been touched. The unit mix consists of three spacious 1-bedroom / 1-bath units and six 2-bedroom / 1-bath units, all updated with modern finishes. Renovations have just been completed and three units are already leased, providing immediate income. Unit E is rented for $1,300 per month plus a $75 per month water fee through 2/28/2027, Unit I is rented for $1,200 per month plus a $75 per month water fee through 1/31/2027, and Unit A is rented for $995 per month plus a $75 per month water fee through 3/31/2027. The remaining six units are currently being marketed for rent, offering strong upside potential for the new owner. Conveniently located near John Glenn Columbus International Airport, Ohio Dominican University, The Ohio State University, and Downtown Columbus, with easy access to shopping, dining, and major employment centers. This is an ideal opportunity for investors seeking a stabilized, low-maintenance property with long-term performance potential.
Supplements: ********
More Information MLS# 226008620
Location & Property Info
List Price/SqFt: 202.65
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Occupancy Rate: 33
Built Prior to 1978: Yes
Building Sqft: 8142
Number of Units: 9
Year Built: 1904
Acreage: 0.47
Tax Info
Tax Abatement: No
Taxes (Yrly): 16271
Parcel #: 010-081840-00
Tax Year: 2025
Remarks & Misc
Property Description: Completely renovated and fully permitted 9-unit multifamily property brought back to life with over $800,000 in capital improvements. This top-to-bottom renovation offers investors a rare opportunity to acquire a true turnkey asset with no CapEx required. Some of the many updates include a new roof, new windows, new mechanicals, updated plumbing and electrical, new parking lot, exterior improvements, and full interior renovations throughout--everything has been touched. The unit mix consists of three spacious 1-bedroom / 1-bath units and six 2-bedroom / 1-bath units, all updated with modern finishes. Renovations have just been completed and three units are already leased, providing immediate income. Unit E is rented for $1,300 per month plus a $75 per month water fee through 2/28/2027, Unit I is rented for $1,200 per month plus a $75 per month water fee through 1/31/2027, and Unit A is rented for $995 per month plus a $75 per month water fee through 3/31/2027. The remaining six units are currently being marketed for rent, offering strong upside potential for the new owner. Conveniently located near John Glenn Columbus International Airport, Ohio Dominican University, The Ohio State University, and Downtown Columbus, with easy access to shopping, dining, and major employment centers. This is an ideal opportunity for investors seeking a stabilized, low-maintenance property with long-term performance potential.
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
1 Bedroom
1 Bedroom # of Units: 3
1 Bedroom Month Rent Per Unit: 995
2 Bedroom
2 Bedroom # of Units: 6
2 Bedroom Month Rent Per Unit: 1300
Construction
Brick: 1
Heat Fuel
Gas: 1
Miscellaneous
Basement: 1
Public Transport: 1
Survey: 1
Tenant Pays
Gas: 1
Sewer: 1
Water: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Air Conditioning
None: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1650000
List Price: $1,650,000
Property Sub Type: Midrise
Street #: 2080-2090
Street PreDirection: E
Street Name: 5th
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43219
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-03-23
Property Features
Addl Acceptance Cond: None Known
Tenant Pays: Electricity; Gas; Sewer; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: None
Construction: Brick
Miscellaneous: Basement; Public Transport; Survey
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Red 1 Realty
Listing Agent:
Zeke Liston
Last Updated: March - 23 - 2026
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