497 E Oakland Avenue, Columbus, OH 43202
New Listing
$475,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
4,356
Status:
Contingent
Current Price:
$475,000
List Date:
4/20/2026
Last Modified:
4/20/2026
Overview
Description
Excellent investment opportunity near Ohio State University and the Ohio Expo Center & State Fair. This fully occupied 4-unit building features four 2 bedroom, 1 bath units, providing immediate rental income potential. Each unit is separately sub-metered for all utilities, including water, offering convenience and expense control for ownership. Recent improvements include new fencing with gated access, new gutters with leaf guards, off-street parking, and updates throughout the property. With strong rental demand in the area and close proximity to dining, shopping, entertainment, and major employers in Columbus, this is a fantastic addition to any investment portfolio.
Listing Details MLS# 226012896
Location Property Info
- Original List Price
- 475000
- Property Sub Type
- Midrise
- Street #
- 497
- Street PreDirection
- E
- Street Name
- Oakland
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43202
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2026-04-20
General Property Info
- Number of Units
- 4
- # of Buildings
- Yes
- Off Street Parking Spaces
- Yes
- Building Sqft
- 3120
- Year Built
- 1969
- Built Prior to 1978
- Yes
- Acreage
- 0.1
Tax Info
- Parcel #
- 010-057525
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 10458.4
2 Bedroom
- 2 Bedroom # of Units
- 4
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 152.24
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- Excellent investment opportunity near Ohio State University and the Ohio Expo Center & State Fair. This fully occupied 4-unit building features four 2 bedroom, 1 bath units, providing immediate rental income potential. Each unit is separately sub-metered for all utilities, including water, offering convenience and expense control for ownership. Recent improvements include new fencing with gated access, new gutters with leaf guards, off-street parking, and updates throughout the property. With strong rental demand in the area and close proximity to dining, shopping, entertainment, and major employers in Columbus, this is a fantastic addition to any investment portfolio.
Income/Expenses
- Gross Income
- 57300
- Net Operating Income
- 34800
- Total Expenses
- 22500
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- 2 Off Street
- Yes
- On Street
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Miscellaneous
- W/D Hookups
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
- FHA
- Yes
Air Conditioning
- None
- Yes
Owner Pays
- Trash
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
2 Off Street; On Street
Owner Pays:
Trash
Tenant Pays:
Electricity; Gas; Sewer; Water
Heat Fuel:
Gas
Heating:
Forced Air
Air Conditioning:
None
Construction:
Brick
Water Source:
Public
Sewer:
Public Sewer
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Water Available
Miscellaneous:
W/D Hookups
New Financing:
Conventional; FHA
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
ERA Real Solutions Realty
Listing Agent:
Matthew Piper
Last Updated: April - 20 - 2026
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