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:
2/06/2026
Overview
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.
Listing Details MLS# 225045204
Location Property Info
- Original List Price
- 1600000
- 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
- MLS Entry Date
- 2025-12-09
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
- # of Docks
- 24
- # of Floors Above Gr
- Yes
- Total Parking
- 24
- Year Built
- 1969
- Acreage
- 0.79
Tax Info
- Parcel #
- 010-070201
- Tax Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 17756
Expenses Paid by L
- Curr Yr Est $/SF LL
- 29896.04
- Building Insurance
- Yes
- Repairs
- Yes
- RE Taxes
- Yes
Lease Info
- Term Desired
- 1 year
More Information
Suite Info 1
- Suite #
- Yes
- 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
Auction Info
- Auction/Online Bidding Y/N
- No
- Deposit Required
- 5000
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
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
- Yes
Income/Expenses
- Gross Income
- 172800
- Net Operating Income
- 142903.96
- Total Expenses
- 29896.04
Addl Acceptance Cond
- None Known
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
T Contracts Directly
- All Utilities
- Yes
Construction
- Block
- Yes
- Brick
- Yes
Heat Fuel
- Gas
- 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
Heat Type
- Forced Air
- Yes
Electric
- 3 Phase
- Yes
New Financing
- Conventional
- Yes
- Owner Financing
- Yes
- Other
- Yes
Sprinkler
- None
- Yes
Business Type
- Multi-Family
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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: February - 06 - 2026
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