3298 E 5th Avenue, 3296, Columbus, OH 43219

New Listing
$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: 8/23/2025 Last Modified: 8/23/2025

Description

Invest in this exceptional apartment complex, meticulously renovated to provide maximum returns! Highlights include a newer roof, six 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, who pays monthly rent for all 12 units, ensuring a smooth investment experience.

Supplements: ********

More Information MLS# 225031977

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 #: 3296 County: Franklin State: OH Zip Code: 43219 Township: None

OfficeContract Info

Status: Active MLS Entry Date: 2025-08-23

General Property Info

Total SqFt Available: 14172 Bldg Sq Ft: 4724 Max Cont Sqft Avail: 14172 Minimum Sqft Avail: 4724 Occupancy Rate: 100 # of Floors Above Gr: 12 Total Parking: 24 Year Built: 1969 Acreage: 0.79

Tax Info

Parcel #: 010-070201 Tax Year: 2024 Tax Abatement: No Taxes (Yrly): 17756 Tax Incentive: No

Lease Info

Term Desired: 1 year

Suite Info 1

Suite #: 3294 SQ FT: 4724 Date Available: 2025-08-23

Suite Info 2

Suite #: 3296 SQ FT: 4724 Date Available: 2025-08-23

Suite Info 3

Suite #: 3298 SQ FT: 4724 Date Available: 2025-08-23

Financials

Gross Rental Income: 172800

Expenses

Property Insurance: 11782.8 Misc Expense: 357.02 Personal Prop Taxes: 17756.22

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known Property Condition: Updated/Remodeled Expenses Paid by L: Building Insurance; Cam; Repairs; RE Taxes T Reimburses L: Janitorial; Utilities Heat Fuel: Gas Heat Type: Forced Air Electric: Single Phase Water Source: Public Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Construction: Brick Sprinkler: None Business Type: Multi-Family New Financing: Conventional; Other MLS Primary PhotoSrc: Realtor Provided
Listing Office: e-Merge Real Estate Unlimited
Listing Agent: Ronald Manley
Last Updated: August - 23 - 2025
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