2103 Iuka Avenue, Columbus, OH 43201

$1,350,000
Property Type: Multi-Family Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $1,350,000 List Date: 11/10/2025 Last Modified: 11/10/2025

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# 225041971

Location & Property Info

List Price/SqFt: 139.87 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

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

Tax Info

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

Remarks & Misc

Property 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.

Income/Expenses

Gross Income: 0 Net Operating Income: 0 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

2 Bedroom

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

Tenant Pays

Gas: 1 Electricity: 1

Auction Info

Auction/Online Bidding Y/N: No

Owner Pays

Water: 1

MLS Primary PhotoSrc

Realtor Provided: 1

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

Property Features

Addl Acceptance Cond: None Known Owner Pays: Water Tenant Pays: Electricity; Gas MLS Primary PhotoSrc: Realtor Provided
Listing Office: Red 1 Realty
Listing Agent: Zeke Liston
Last Updated: November - 10 - 2025
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