2080-2090 E 5th Avenue, Columbus, OH 43219
$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
Overview
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.
Listing Details MLS# 226008620
Location Property Info
- Original List Price
- 1650000
- 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
- MLS Entry Date
- 2026-03-23
General Property Info
- Number of Units
- 9
- Building Sqft
- 8142
- Year Built
- 1904
- Built Prior to 1978
- Yes
- Occupancy Rate
- 33
- Acreage
- 0.47
Tax Info
- Parcel #
- 010-081840-00
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 16271
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
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 202.65
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
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
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Miscellaneous
- Basement
- Yes
- Public Transport
- Yes
- Survey
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
Air Conditioning
- None
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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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