1500 Fairview Avenue, Columbus, OH 43212 (MLS# 226003167)

1500 Fairview Avenue, Columbus, OH 43212

$875,000

Property Type: Multi-Family Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $875,000 List Date: 2/03/2026 Last Modified: 5/19/2026

Overview

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 utilities Based 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 ... (Read more)

Listing Details MLS# 226003167

Location Property Info

Original List Price: 900000
Property Sub Type: Flat
Street #: 1500
Street Name: Fairview
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43212
Subdiv/Cmplx/Comm: Fifth By Northwest
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2026-02-03

General Property Info

Number of Units: 4
Total Parking: 4
Building Sqft: 3576
Year Built: 1955
Built Prior to 1978: Yes
Occupancy Rate: 100
Lot Size (Side): 173
Acreage: 0.2
Use Code: 401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #: 010-062633
Mult Parcels/Sch Dis: No
Tax Year: 2024
Tax Abatement: No
Taxes (Yrly): 10594
Tax Incentive: No

Status Change Info

Under Contract Date: 2026-05-15
Sold Date: 2026-05-15
Sold Price/SqFt: 244.69

2 Bedroom

2 Bedroom # of Units: 4

More Information

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

List Price/SqFt: 251.68
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

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 utilities Based 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 submarket 2-year P&L and rent roll available in documents. Financials available upon request.

Income/Expenses

Gross Income: 0
Net Operating Income: 0
Total Expenses: 0

Addl Acceptance Cond

None Known: Yes

Construction

Brick: Yes

Heat Fuel

Gas: Yes

Parking Features

4 Car Garage: Yes

Sewer

Public Sewer: Yes

Services Available

Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Storm Sewer: Yes
Water Available: Yes

Miscellaneous

Basement: Yes
Garages: Yes
W/D Hookups: Yes

Tenant Pays

Gas: Yes
Sewer: Yes
Water: Yes
Electricity: Yes

Heating

Forced Air: Yes

Air Conditioning

Central Air: Yes

Owner Pays

Trash: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Parking Features: 4 Car Garage Owner Pays: Trash Tenant Pays: Electricity; Gas; Sewer; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Brick Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Basement; Garages; W/D Hookups MLS Primary PhotoSrc: Realtor Provided

Listing Office: RE/MAX Premier Choice

Listing Agent: Matthew T Schirtzinger

Last Updated: May - 19 - 2026

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