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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