4637 Hilton Avenue, Columbus, OH 43228
New Listing
$1,850,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
18,295
Status:
Active
Current Price:
$1,850,000
List Date:
11/14/2025
Last Modified:
11/14/2025
Description
Discover an exceptional investment opportunity with this impeccably maintained U-shaped all-brick building, thoughtfully designed and ideally situated on the west side, close to popular restaurants, shopping, and convenient freeway access. The property features 11 well-appointed units, including four 3-bedroom, 1.5-bath units and seven 2-bedroom, 1.5-bath units, offering a highly desirable mix for strong tenant appeal.
An outstanding feature of this offering is the triple-net master lease with 2.5 years remaining, providing consistent and predictable revenue. The property is professionally managed by the tenant, minimizing owner involvement. The owner pays insurance and taxes upfront, with full reimbursement received over 12 months through the rent payments—an investor-friendly structure that simplifies operations and protects cash flow.
Each residence comes fully furnished by the master lessee, creating a turnkey experience and added value for residents. All units include central air, off-street parking, and private basements, which house washers and dryers owned by the master lessee—a rare and attractive amenity package in the multifamily market. Major improvements have already been addressed, including a new roof installed in 2021, ensuring long-term performance and reduced future maintenance costs.
With its strong income profile, minimal hands-on management, and prime west side location, this property represents a standout, worry-free addition to any investment portfolio.
Supplements: ********
More Information MLS# 225043111
Location & Property Info
List Price/SqFt: 100.72
City (Mailing Addr): Columbus
Corp LimitPerAuditor: None
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Building Sqft: 18368
Number of Units: 11
Year Built: 1969
Acreage: 0.42
Tax Info
Tax Abatement: No
Taxes (Yrly): 12750
Parcel #: 240-004324
Tax Year: 2024
Remarks & Misc
Property Description: Discover an exceptional investment opportunity with this impeccably maintained U-shaped all-brick building, thoughtfully designed and ideally situated on the west side, close to popular restaurants, shopping, and convenient freeway access. The property features 11 well-appointed units, including four 3-bedroom, 1.5-bath units and seven 2-bedroom, 1.5-bath units, offering a highly desirable mix for strong tenant appeal.
An outstanding feature of this offering is the triple-net master lease with 2.5 years remaining, providing consistent and predictable revenue. The property is professionally managed by the tenant, minimizing owner involvement. The owner pays insurance and taxes upfront, with full reimbursement received over 12 months through the rent payments—an investor-friendly structure that simplifies operations and protects cash flow.
Each residence comes fully furnished by the master lessee, creating a turnkey experience and added value for residents. All units include central air, off-street parking, and private basements, which house washers and dryers owned by the master lessee—a rare and attractive amenity package in the multifamily market. Major improvements have already been addressed, including a new roof installed in 2021, ensuring long-term performance and reduced future maintenance costs.
With its strong income profile, minimal hands-on management, and prime west side location, this property represents a standout, worry-free addition to any investment portfolio.
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 7
Construction
Brick: 1
3 Bedroom
3 Bedroom # of Units: 4
Parking Features
Common: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Miscellaneous
Basement: 1
W/D Hookups: 1
Tenant Pays
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1850000
List Price: $1,850,000
Property Sub Type: Midrise
Street #: 4637
Street Name: Hilton
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43228
School District: SOUTH WESTERN CSD 2511 FRA CO.
Township: Prairie
OfficeContract Info
Status: Active
MLS Entry Date: 2025-11-14
Property Features
Addl Acceptance Cond: None Known
Parking Features: Common
Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Water
Construction: Brick
Water Source: Public
Sewer: Public Sewer
Miscellaneous: Basement; W/D Hookups
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Rich Russo Realty & Co.
Listing Agent:
Richard Russo
Last Updated: November - 14 - 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.