2103 Iuka Avenue, Columbus, OH 43201

New Listing
$1,350,000
Property Type: Multi-Family Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $1,350,000 List Date: 8/22/2025 Last Modified: 8/22/2025

Description

Strategically located on Iuka Avenue—one of the most sought-after residential corridors adjacent to The Ohio State University, this property benefits from strong, consistent demand from both student housing and short-term rental markets. Current in-place rents are well below market, creating a compelling value-add opportunity through targeted unit renovations and lease repositioning. The asset has been well-maintained, with value creation focused primarily on cosmetic and operational enhancements. With one down unit in need of a full update. Select units are already configured for Airbnb, providing immediate short-term rental income potential and flexibility in leasing strategy. In addition, on-site garage structures offer the opportunity for supplemental rental or storage income, further enhancing overall cash flow. This is a rare chance to acquire a well-located property with multiple avenues for upside, strong fundamentals, and proven demand drivers.

Supplements: ********

More Information MLS# 225031758

Location Property Info

Original List Price: 1350000 List Price: $1,350,000 Property Sub Type: Flat Street #: 2103 Street Name: Iuka Street Suffix: Avenue County: Franklin State: OH Zip Code: 43201 School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Active MLS Entry Date: 2025-08-21

General Property Info

Number of Units: 10 Building Sqft: 9652 Year Built: 1970 Built Prior to 1978: Yes Acreage: 0.2

Tax Info

Parcel #: 010-047039 Tax Year: 2024 Tax Abatement: No Taxes (Yrly): 32080

2 Bedroom

2 Bedroom # of Units: 10 2 Bedroom Month Rent Per Unit: 1050

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known Owner Pays: Water Tenant Pays: Electricity; Gas MLS Primary PhotoSrc: Realtor Provided
Listing Office: Verti Commercial Real Estate L
Listing Agent: Zeke Liston
Last Updated: August - 22 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2020 Columbus Board of Realtors. All rights reserved.