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1106-1116 Parsons Avenue, Columbus, OH 43206

Columbus
Local realty services provided by:CENTURY 21 HomeStar
1106-1116 Parsons Avenue,Columbus, OH 43206
$1,200,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ryan lawasani
Office: coldwell banker realty614-871-0808
MLS#:226023174
Source:OH_CBR

Price summary

  • Price:$1,200,000

About this home

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...

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Home facts

  • Year built:1925
  • Listing ID #:226023174
  • Added:31 day(s) ago
  • Updated:July 25, 2026 at 03:14 PM

Heating and cooling

  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1925
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,200,000
  • Tax amount:$16,218
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor CENTURY 21 HomeStar shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. OH_CBR Member Broker: Anthony Geraci

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