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
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