3298 E 5th Avenue, 3296, 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:
8/23/2025
Last Modified:
9/20/2025
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
List Price/SqFt: 112.9
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 14172
Bldg Sq Ft: 4724
Max Cont Sqft Avail: 14172
Minimum Sqft Avail: 4724
Occupancy Rate: 100
Total Parking: 24
# of Docks: 0
# of Floors Above Gr: 12
Year Built: 1969
Acreage: 0.79
Tax Info
Tax Abatement: No
Taxes (Yrly): 17756
Tax Incentive: No
Parcel #: 010-070201
Tax Year: 2024
Remarks & Misc
Property 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.
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
Cam: 1
Repairs: 1
RE Taxes: 1
T Reimburses L
Janitorial: 1
Utilities: 1
Curr Yr Est $/SF TRL: 0
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
Construction
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
Single Phase: 1
Auction Info
Auction/Online Bidding Y/N: No
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 #: 3296
County: Franklin
State: OH
Zip Code: 43219
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2025-08-23
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; Owner Financing; Other
MLS Primary PhotoSrc: Realtor Provided
Listing Office: e-Merge Real Estate Unlimited
Listing Agent: Ronald Manley
Last Updated: September - 20 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2020 Columbus Board of Realtors. All rights reserved.
