3244 E 5th Avenue, Columbus, OH 43219
$400,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$400,000
List Date:
5/12/2026
Last Modified:
5/18/2026
Overview
Description
Turnkey 3-unit apartment building positioned directly near the transformational $2 billion John Glenn Columbus International Airport expansion and redevelopment project! This high-growth location places the property in the path of continued economic investment, job growth, infrastructure improvements, and increasing housing demand on Columbus' east side.
The asset features long-term tenants with an excellent payment history, providing immediate and reliable cash flow for investors seeking a stable multifamily property with future upside potential. With minimal deferred maintenance and 2,484 finished square feet consisting of one 1bed/1ba ($800), one 2bed/1ba ($832), and one 3bed/1ba ($1325). This is a strong turnkey addition to any portfolio.
Beyond its current performance as a long-term rental, the property is exceptionally well positioned for future mid-term or short-term rental use due to its close proximity to the airport, downtown Columbus, and major employment hubs. The surrounding airport expansion is expected to drive continued demand from traveling professionals, airline personnel, contractors, and visitors seeking convenient accommodations near one of the region's largest infrastructure investments.
3244 E Fifth Ave offers investors the rare combination of in-place income, strategic location, and long-term growth potential in one of Columbus' rapidly evolving corridors.
Listing Details MLS# 226016519
Location Property Info
- Original List Price
- 400000
- Property Sub Type
- Mixed Use
- Street #
- 3244
- 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
- 2026-05-12
General Property Info
- Number of Units
- 3
- # of Buildings
- Yes
- Total Parking
- 6
- Off Street Parking Spaces
- 6
- Building Sqft
- 2484
- Year Built
- 1920
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Lot Size (Side)
- 81
- Acreage
- 0.14
Tax Info
- Parcel #
- 010-066638
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 3329
- Tax Incentive
- No
1 Bedroom
- 1 Bedroom # of Units
- Yes
- 1 Bedroom Month Rent Per Unit
- 832
2 Bedroom
- 2 Bedroom # of Units
- Yes
- 2 Bedroom Month Rent Per Unit
- 800
More Information
3 Bedroom
- 3 Bedroom # of Units
- Yes
- 3 Bedroom Month Rent Per Unit
- 1325
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 161.03
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- Turnkey 3-unit apartment building positioned directly near the transformational $2 billion John Glenn Columbus International Airport expansion and redevelopment project! This high-growth location places the property in the path of continued economic investment, job growth, infrastructure improvements, and increasing housing demand on Columbus' east side. The asset features long-term tenants with an excellent payment history, providing immediate and reliable cash flow for investors seeking a stable multifamily property with future upside potential. With minimal deferred maintenance and 2,484 finished square feet consisting of one 1bed/1ba ($800), one 2bed/1ba ($832), and one 3bed/1ba ($1325). This is a strong turnkey addition to any portfolio. Beyond its current performance as a long-term rental, the property is exceptionally well positioned for future mid-term or short-term rental use due to its close proximity to the airport, downtown Columbus, and major employment hubs. The surrounding airport expansion is expected to drive continued demand from traveling professionals, airline personnel, contractors, and visitors seeking convenient accommodations near one of the region's largest infrastructure investments. 3244 E Fifth Ave offers investors the rare combination of in-place income, strategic location, and long-term growth potential in one of Columbus' rapidly evolving corridors.
Income/Expenses
- Gross Income
- 0
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
Construction
- Frame
- Yes
- Vinyl Siding
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- 2 Off Street
- Yes
- Assigned
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Miscellaneous
- W/D Hookups
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Alternate Uses
- Bed & Breakfast
- Yes
- Residential
- Yes
- Rooming House
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
- FHA
- Yes
Air Conditioning
- Central Air
- Yes
- Window Unit(s)
- Yes
Owner Pays
- Trash
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
2 Off Street; Assigned
Owner Pays:
Trash
Tenant Pays:
Electricity; Gas; Sewer; Water
Heat Fuel:
Gas
Heating:
Forced Air
Air Conditioning:
Central Air; Window Unit(s)
Construction:
Frame; Vinyl Siding
Water Source:
Public
Sewer:
Public Sewer
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous:
W/D Hookups
Alternate Uses:
Bed & Breakfast; Residential; Rooming House
New Financing:
Conventional; FHA
MLS Primary PhotoSrc:
Realtor Provided
RPD ›
Listing Office:
Red 1 Realty
Listing Agent:
David Spurlock
Last Updated: May - 18 - 2026
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