3298 E 5th Avenue, 3294, Columbus, OH 43219
$1,600,000
Property Type:
Commercial
Square Footage:
4,724
Lot Size (sq. ft.):
34,412
Status:
Active
Current Price:
$1,600,000
List Date:
12/10/2025
Last Modified:
12/10/2025
Description
This exceptional apartment complex, meticulously renovated to provide maximum returns! Highlights include a newer roof, eight new high-efficiency furnaces, twelve new modern A.C units, and brand-new appliances in all units, twelve new hot water heaters. The units feature upgraded flooring, cabinetry, and vanities, along with new concrete patios. All 12 units have been beautifully painted, and the parking lot has been expertly repaired and coated. This turnkey property is occupied by a single reliable tenant(Company), who pays monthly rent for all 12 units, ensuring a smooth investment experience.
Supplements: ********
More Information MLS# 225045204
Location & Property Info
List Price/SqFt: 338.7
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 112.9
General Property Info
Previous Use: Apartments
Total SqFt Available: 4724
Bldg Sq Ft: 4724
Max Cont Sqft Avail: 4724
Minimum Sqft Avail: 4724
Occupancy Rate: 100
Total Parking: 24
# of Docks: 24
# of Floors Above Gr: 1
Year Built: 1969
Acreage: 0.79
Tax Info
Tax Abatement: No
Taxes (Yrly): 17756
Parcel #: 010-070201
Tax Year: 2024
Remarks & Misc
Property Description: This exceptional apartment complex, meticulously renovated to provide maximum returns! Highlights include a newer roof, eight new high-efficiency furnaces, twelve new modern A.C units, and brand-new appliances in all units, twelve new hot water heaters. The units feature upgraded flooring, cabinetry, and vanities, along with new concrete patios. All 12 units have been beautifully painted, and the parking lot has been expertly repaired and coated. This turnkey property is occupied by a single reliable tenant(Company), who pays monthly rent for all 12 units, ensuring a smooth investment experience.
Property Condition
Updated/Remodeled: 1
Income/Expenses
Gross Income: 172800
Net Operating Income: 142903.96
Total Expenses: 29896.04
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
Building Insurance: 1
Repairs: 1
RE Taxes: 1
Curr Yr Est $/SF LL: 29896.04
T Reimburses L
Curr Yr Est $/SF TRL: 0
T Contracts Directly
All Utilities: 1
Lease Info
Term Desired: 1 year
Suite Info 1
Suite #: 1
SQ FT: 1574
Date Available: 2025-12-09
Suite Info 2
Suite #: 2
SQ FT: 1574
Date Available: 2025-12-09
Suite Info 3
Suite #: 3
SQ FT: 1574
Date Available: 2025-12-09
Financials
Gross Rental Income: 14400
Expenses
Property Insurance: 11782.8
Repairs&Maintenance: 157.02
Misc Expense: 150
Personal Prop Taxes: 17756.22
Construction
Block: 1
Brick: 1
Heat Fuel
Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Heat Type
Forced Air: 1
Electric
3 Phase: 1
Auction Info
Auction/Online Bidding Y/N: No
Deposit Required: 5000
New Financing
Conventional: 1
Owner Financing: 1
Other: 1
Sprinkler
None: 1
Business Type
Multi-Family: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1600000
List Price: $1,600,000
Property Sub Type: Other Com
Street #: 3298
Street PreDirection: E
Street Name: 5th
Street Suffix: Avenue
Unit/Suite #: 3294
County: Franklin
State: OH
Zip Code: 43219
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2025-12-09
Property Features
Addl Acceptance Cond: None Known
Property Condition: Updated/Remodeled
Expenses Paid by L: Building Insurance; Repairs; RE Taxes
T Contracts Directly: All Utilities
Heat Fuel: Gas
Heat Type: Forced Air
Electric: 3 Phase
Water Source: Public
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Construction: Block; Brick
Sprinkler: None
Business Type: Multi-Family
New Financing: Conventional; Owner Financing; Other
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
e-Merge Real Estate Unlimited
Listing Agent:
Ronald Manley
Last Updated: December - 10 - 2025
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