419-435 N Ohio Avenue, Columbus, OH 43203 (MLS# 226027286)

419-435 N Ohio Avenue, Columbus, OH 43203

New Listing

$1,500,000

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

Current Price: $1,500,000 List Date: 7/21/2026 Last Modified: 7/21/2026

Overview

Description

Invest in one of Downtown Columbus' most promising rental corridors with this 9-unit multifamily opportunity across the street from the King-Lincoln Bronzeville neighborhood. The multi-family asset features seven 2-bedroom units and two 3-bedroom units, offering an ideal unit mix for strong rental demand and long-term portfolio stability. The property benefits from a LIHTC tax abatement through 2028, with the potential to renew tax credits for up to an additional 30 years (subject to program qualifications and applicable regulations), creating an attractive opportunity for affordable housing investors. The property is also eligible for Section 8 housing, providing additional leasing flexibility and a reliable tenant pool. Major capital improvements include a new roof installed in 2022, helping reduce future maintenance costs. Positioned just minutes from Downtown Columbus, Nationwide Children's Hospital, Grant Medical Center, Franklin Park Conservatory, the Lincoln Theatre, a ... (Read more)

Listing Details MLS# 226027286

Location Property Info

Original List Price: 1500000
Property Sub Type: Townhouse
Street #: 419-435
Street PreDirection: N
Street Name: Ohio
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43203
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2026-07-21

General Property Info

Number of Units: 9
Building Sqft: 14295
Year Built: 1900
Built Prior to 1978: Yes
Occupancy Rate: 100
Acreage: 0.2

Tax Info

Parcel #: 010-023562
Tax Year: 2025
Tax Abatement: Yes
Abatement End Date: 2028-12-31
Taxes (Yrly): 12466
Tax Incentive: Yes

2 Bedroom

2 Bedroom # of Units: 7
2 Bedroom Month Rent Per Unit: 1200

3 Bedroom

3 Bedroom # of Units: 2
3 Bedroom Month Rent Per Unit: 1550

More Information

Expenses

R.E. Taxes: 6232
Property Insurance: 5940
Repairs&Maintenance: 8819
Misc Expense: 440
Contract Svc Expense: 4119

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

List Price/SqFt: 104.93
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: Yes

Remarks & Misc

Property Description: Invest in one of Downtown Columbus' most promising rental corridors with this 9-unit multifamily opportunity across the street from the King-Lincoln Bronzeville neighborhood. The multi-family asset features seven 2-bedroom units and two 3-bedroom units, offering an ideal unit mix for strong rental demand and long-term portfolio stability. The property benefits from a LIHTC tax abatement through 2028, with the potential to renew tax credits for up to an additional 30 years (subject to program qualifications and applicable regulations), creating an attractive opportunity for affordable housing investors. The property is also eligible for Section 8 housing, providing additional leasing flexibility and a reliable tenant pool. Major capital improvements include a new roof installed in 2022, helping reduce future maintenance costs. Positioned just minutes from Downtown Columbus, Nationwide Children's Hospital, Grant Medical Center, Franklin Park Conservatory, the Lincoln Theatre, and the rapidly expanding Near East Side, this location continues to benefit from significant public and private investment. King-Lincoln Bronzeville is celebrated for its rich cultural history, thriving arts scene, and convenient access to I-70, I-71, and I-670, making commuting throughout Central Ohio exceptionally convenient. The neighborhood has experienced continued revitalization with new residential development, restaurants, retail, and community investment while maintaining its historic character. Please do not disturb tenants. Owner is a licensed real estate agent in the State of Ohio.

Income/Expenses

Gross Income: 137544
Net Operating Income: 111993
Total Expenses: 30672

Addl Acceptance Cond

None Known: Yes

Construction

Brick: Yes

Heat Fuel

Gas: Yes

Parking Features

On Street: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Tenant Pays

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

Heating

Forced Air: Yes

Air Conditioning

Window Unit(s): Yes

Owner Pays

Sewer: Yes
Water: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Parking Features: On Street Owner Pays: Sewer; Water Tenant Pays: Electricity; Gas; Sewer; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Window Unit(s) Construction: Brick Water Source: Public Sewer: Public Sewer MLS Primary PhotoSrc: Realtor Provided

Documents

Rent Roll ›

T12 Expenses ›

Listing Office: Keller Williams Consultants

Listing Agent: Oliver Chapman

Last Updated: July - 21 - 2026

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