3298 E 5th Avenue, 3294, Columbus, OH 43219 (MLS# 225045204)

3298 E 5th Avenue, 3294, Columbus, OH 43219

$1,600,000

Property Type: Commercial Square Footage: 4,724 Lot Size (sq. ft.): 34,412 Status: Active

Current Price: $1,600,000 List Date: 12/10/2025 Last Modified: 2/06/2026

Description

This exceptional apartment complex, meticulously renovated to provide maximum returns! Highlights include a newer roof, eight new high-efficiency furnaces, twelve new modern A.C units, and brand-new appliances in all units, twelve new hot water heaters. The units feature upgraded flooring, cabinetry, and vanities, along with new concrete patios. All 12 units have been beautifully painted, and the parking lot has been expertly repaired and coated. This turnkey property is occupied by a single reliable tenant(Company), who pays monthly rent for all 12 units, ensuring a smooth investment experience.

Supplements: ********

More Information MLS# 225045204

Location & Property Info

List Price/SqFt: 338.7 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: No For Lease: No Lease Rate $/Sq Ft: 112.9

General Property Info

Previous Use: Apartments Total SqFt Available: 4724 Bldg Sq Ft: 4724 Max Cont Sqft Avail: 4724 Minimum Sqft Avail: 4724 Occupancy Rate: 100 Total Parking: 24 # of Docks: 24 # of Floors Above Gr: 1 Year Built: 1969 Acreage: 0.79

Tax Info

Tax Abatement: No Taxes (Yrly): 17756 Parcel #: 010-070201 Tax Year: 2024

Remarks & Misc

Property Description: This exceptional apartment complex, meticulously renovated to provide maximum returns! Highlights include a newer roof, eight new high-efficiency furnaces, twelve new modern A.C units, and brand-new appliances in all units, twelve new hot water heaters. The units feature upgraded flooring, cabinetry, and vanities, along with new concrete patios. All 12 units have been beautifully painted, and the parking lot has been expertly repaired and coated. This turnkey property is occupied by a single reliable tenant(Company), who pays monthly rent for all 12 units, ensuring a smooth investment experience.

Property Condition

Updated/Remodeled: 1

Income/Expenses

Gross Income: 172800 Net Operating Income: 142903.96 Total Expenses: 29896.04

Addl Acceptance Cond

None Known: 1

Expenses Paid by L

Building Insurance: 1 Repairs: 1 RE Taxes: 1 Curr Yr Est $/SF LL: 29896.04

T Reimburses L

Curr Yr Est $/SF TRL: 0

T Contracts Directly

All Utilities: 1

Lease Info

Term Desired: 1 year

Suite Info 1

Suite #: 1 SQ FT: 1574 Date Available: 2025-12-09

Suite Info 2

Suite #: 2 SQ FT: 1574 Date Available: 2025-12-09

Suite Info 3

Suite #: 3 SQ FT: 1574 Date Available: 2025-12-09

Financials

Gross Rental Income: 14400

Expenses

Property Insurance: 11782.8 Repairs&Maintenance: 157.02 Misc Expense: 150 Personal Prop Taxes: 17756.22

Construction

Block: 1 Brick: 1

Heat Fuel

Gas: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Services Available

Electricity Available: 1 Natural Gas Available: 1 Sewer Available: 1 Storm Sewer: 1 Water Available: 1

Heat Type

Forced Air: 1

Electric

3 Phase: 1

Auction Info

Auction/Online Bidding Y/N: No Deposit Required: 5000

New Financing

Conventional: 1 Owner Financing: 1 Other: 1

Sprinkler

None: 1

Business Type

Multi-Family: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1600000 List Price: $1,600,000 Property Sub Type: Other Com Street #: 3298 Street PreDirection: E Street Name: 5th Street Suffix: Avenue Unit/Suite #: 3294 County: Franklin State: OH Zip Code: 43219 Township: None

OfficeContract Info

Status: Active MLS Entry Date: 2025-12-09

Property Features

Addl Acceptance Cond: None Known Property Condition: Updated/Remodeled Expenses Paid by L: Building Insurance; Repairs; RE Taxes T Contracts Directly: All Utilities Heat Fuel: Gas Heat Type: Forced Air Electric: 3 Phase Water Source: Public Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Construction: Block; Brick Sprinkler: None Business Type: Multi-Family New Financing: Conventional; Owner Financing; Other MLS Primary PhotoSrc: Realtor Provided

Listing Office: e-Merge Real Estate Unlimited

Listing Agent: Ronald Manley

Last Updated: February - 06 - 2026

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