1500 Fairview AvenueColumbus, OH 43212

Property Description

Curb Offers only. Fully occupied four-unit brick multifamily in the heart of Fifth by Northwest District between Grandview and UA with Columbus taxes. 3,576 SF , 4 two bedroom units with a brick 4-car garage. Current rents:??? Three updated units averaging $1,600/month??? One long-term tenant at $800/month??? Tenants pay all utilitiesBased on 2024 NOI, the property is operating at a 6% cap rate at list price, with immediate upside through lease adjustments on the under-market unit (market rent ~$1,800 for updated units).Three of four units have been remodeled with updated kitchens, baths, and neutral finishes. The fourth unit offers clear value-add potential. Shared basement, garage parking, and strong tenant demand in one of Columbus' most walkable rental corridors.Consistent occupancy history. Minimal landlord expense structure with tenants covering all utilities.Ideal for:??? Investor seeking stable in-place income with upside??? 1031 exchange buyer??? Owner looking to secure long-term asset in Grandview submarket2-year P&L and rent roll available in documents. Financials available upon request.

Property Features

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