1106-1116 Parsons Avenue, Columbus, OH 43206 (MLS# 226023174)

1106-1116 Parsons Avenue, Columbus, OH 43206

$1,200,000

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Property Type: Multi-Family Lot Size (sq. ft.): 6,534 Status: Active

Current Price: $1,200,000 List Date: 6/24/2026 Last Modified: 7/29/2026

Overview

Description

Turnkey 6-Unit Multifamily Investment | Strong Cash Flow | Major Capital Improvements Completed Exceptional opportunity to acquire a fully occupied 6-unit apartment building in one of Columbus' rapidly growing investment corridors. The property consists of **five 2-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit**, offering a desirable unit mix with strong rental demand. Currently **100% occupied**, the property generates **$100,920 in annual gross income** and **$71,429 in net operating income**, providing immediate cash flow for investors. Long-term leases are in place, creating stable income from day one. Ownership has invested substantially in the property with **major capital improvements completed between 2023 and 2025**. In **May 2025**, all **six electrical panels were replaced**, bringing the property into full code compliance. This $15,000 improvement also reduced insurance costs from approximately **$700 per month to just $214 per month**, creating an estimat ... (Read more)

Listing Details MLS# 226023174

Location Property Info

Original List Price: 1200000
Property Sub Type: Mixed Use
Street #: 1106-1116
Street Name: Parsons
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43206
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2026-06-23

General Property Info

Number of Units: 6
Building Sqft: 9792
Year Built: 1925
Built Prior to 1978: Yes
Occupancy Rate: 100
Acreage: 0.15
Use Code: 401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #: 010-026752
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 010-306395-00 (#1106), 010-306396-00(#1108), 010-306397-00 (#1110), 010-306398-00 (#1112), 010-306399-00 (#1114), 010-306400-00 (#1116)
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 16218.12
Tax Incentive: No

2 Bedroom

2 Bedroom # of Units: 6

Auction Info

Auction/Online Bidding Y/N: No

More Information

Property Features

Addl Acceptance Cond: None Known Parking Features: On Street; Assigned Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Brick Water Source: Public Sewer: Public Sewer Miscellaneous: Basement New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Coldwell Banker Realty

Listing Agent: Ryan Lawasani

Last Updated: July - 29 - 2026

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