1635-1645 E Mound Street, Columbus, OH 43205 (MLS# 225040015)

1635-1645 E Mound Street, Columbus, OH 43205

$1,150,000

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Property Type: Commercial Square Footage: 12,288 Lot Size (sq. ft.): 24,829 Status: Contingent

Current Price: $1,150,000 List Date: 3/16/2026 Last Modified: 3/18/2026

Overview

Description

Excellent investment opportunity! This well-maintained 16-unit apartment building is 100% occupied with strong rental history and long-term tenants. Current rents are below market, providing significant upside potential for increased cash flow. 7-1 car garages not being rented and large basement workshops for maintenance. Excellent value add opportunity with a cash flowing property!

Listing Details MLS# 225040015

Location Property Info

Original List Price: 1500000
Property Sub Type: Other Com
Street #: 1635-1645
Street PreDirection: E
Street Name: Mound
Street Suffix: Street
County: Franklin
State: OH
Zip Code: 43205
Township: None

OfficeContract Info

MLS Entry Date: 2025-10-22

General Property Info

Previous Use: Apartments
Total SqFt Available: 12288
Bldg Sq Ft: 12288
Max Cont Sqft Avail: 663
Minimum Sqft Avail: 663
Occupancy Rate: 100
Number of Units: 16
# of Floors Above Gr: 2
Total Parking: 14
Year Built: 1952
Use Code: 401 - APARTMENT:4-19 UNITS
Acreage: 0.57
# of Docks: 0

Tax Info

Parcel #: 010-019229
Tax Year: 2024
Tax Abatement: No
Taxes (Yrly): 17180

Expenses

R.E. Taxes: 17180
Repairs&Maintenance: 6000
Electricity Expense: 5370
Water Expense: 6989

Auction Info

Auction/Online Bidding Y/N: No

More Information

Location & Property Info

List Price/SqFt: 93.59
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 13.69

Remarks & Misc

Property Description: Excellent investment opportunity! This well-maintained 16-unit apartment building is 100% occupied with strong rental history and long-term tenants. Current rents are below market, providing significant upside potential for increased cash flow. 7-1 car garages not being rented and large basement workshops for maintenance. Excellent value add opportunity with a cash flowing property!

Income/Expenses

Gross Income: 168180
Net Operating Income: 132641
Total Expenses: 35539

Addl Acceptance Cond

None Known: Yes

Expenses Paid by L

Building Insurance: Yes
Repairs: Yes
RE Taxes: Yes

T Reimburses L

Curr Yr Est $/SF TRL: 0

Construction

Brick: Yes

Heat Fuel

Gas: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Heat Type

Forced Air: Yes

Electric

Single Phase: Yes

Business Type

Multi-Family: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Expenses Paid by L: Building Insurance; Repairs; RE Taxes Heat Fuel: Gas Heat Type: Forced Air Electric: Single Phase Water Source: Public Sewer: Public Sewer Construction: Brick Business Type: Multi-Family MLS Primary PhotoSrc: Realtor Provided

Listing Office: Keller Williams Greater Cols

Listing Agent: Jeffrey I Kanowsky

Last Updated: March - 18 - 2026

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