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$ 1,275,000
Est. payment | /mo
6,534 Sqft Lot
$ 1,275,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225039057
Year Built 1925
Annual Tax Amount $15,966
Lot Size 6,534 Sqft
Lot Dimensions 0.15
Property Sub-Type Townhouse
Source Columbus and Central Ohio Regional MLS
Property Description
Exceptional Investment Opportunity - 1106-1116 Parsons Avenue, Columbus, OH
Fully renovated in 2022, this six-unit property offers a rare opportunity for investors seeking reliable income and long-term appreciation. Each unit features modern finishes and turnkey readiness, appealing to quality tenants. Situated on separate parcels, the property provides flexibility for future refinancing, individual sales, or redevelopment opportunities. Located just minutes from Downtown Columbus and Nationwide Children's Hospital, it benefits from strong visibility and rising demand along this rapidly developing corridor.
Recent Upgrades (2023-2025):
• Replaced and upgraded electrical panels in all six units (completed May 2025), a $15,000 investment ensuring full code compliance and reducing total insurance premiums from $700 to $214/month, yielding a $5,800 annual expense reduction and immediate NOI improvement
• New furnaces in Units 1106, 1110 & 1116
• New dishwashers in Units 1106, 1108, 1110, 1112 & 1116
• New washer & dryer in Unit 1110 (all laundry appliances owned by landlord)
• New water heater in Unit 1110
• New air conditioning unit in Unit 1112
Fully renovated in 2022, this six-unit property offers a rare opportunity for investors seeking reliable income and long-term appreciation. Each unit features modern finishes and turnkey readiness, appealing to quality tenants. Situated on separate parcels, the property provides flexibility for future refinancing, individual sales, or redevelopment opportunities. Located just minutes from Downtown Columbus and Nationwide Children's Hospital, it benefits from strong visibility and rising demand along this rapidly developing corridor.
Recent Upgrades (2023-2025):
• Replaced and upgraded electrical panels in all six units (completed May 2025), a $15,000 investment ensuring full code compliance and reducing total insurance premiums from $700 to $214/month, yielding a $5,800 annual expense reduction and immediate NOI improvement
• New furnaces in Units 1106, 1110 & 1116
• New dishwashers in Units 1106, 1108, 1110, 1112 & 1116
• New washer & dryer in Unit 1110 (all laundry appliances owned by landlord)
• New water heater in Unit 1110
• New air conditioning unit in Unit 1112
Location
State OH
County Franklin
Area 0.15
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-026752
Listed by Nasser Hussain Fiv Realty Co Ohio LLC
