4090 Cleveland Avenue, Columbus, OH 43224 (MLS# 222043169)

4090 Cleveland Avenue, Columbus, OH 43224

$4,250,000

Property Type: Multi-Family Lot Size (sq. ft.): 160,736 Status: Closed

Current Price: $4,250,000 List Date: 1/07/2025 Last Modified: 3/18/2026

Overview

Description

MORSE CREEK COMMONS APARTMENTS 70 - 2BRTH in North Columbus. All brick exteriors. Spacious interiors. High rental demand. High visibiity. Long time Owner/Manager getting ready to retire. There are long term tenant who are paying below market rentals. Average rent today is only $690. New residents will pay $795. Neighborhood average rent is $1095. This property does need cosmetic and other improvements but such remodeling will yield higher income. See Documents attached. . High demand spacious floor plans. Plenty of off street parking.. Lots of potential for smart operators. Please do not disturb residents. Contingent curb offerings only. Thank you. .

Listing Details MLS# 222043169

Location Property Info

Original List Price: 5600000
Property Sub Type: Townhouse
Street #: 4090
Street Name: Cleveland
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43224
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2022-11-29

General Property Info

Number of Units: 70
Building Sqft: 53133
Year Built: 1974
Built Prior to 1978: Yes
Occupancy Rate: 95
Acreage: 3.69

Tax Info

Parcel #: 010-012830
Tax Year: 2021
Tax Abatement: No
Taxes (Yrly): 48724

Status Change Info

Under Contract Date: 2025-11-26
Sold Date: 2026-03-18
Sold Price/SqFt: 79.99

2 Bedroom

2 Bedroom # of Units: 70
2 Bedroom Month Rent Per Unit: 690

More Information

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

List Price/SqFt: 89.4
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: MORSE CREEK COMMONS APARTMENTS 70 - 2BRTH in North Columbus. All brick exteriors. Spacious interiors. High rental demand. High visibiity. Long time Owner/Manager getting ready to retire. There are long term tenant who are paying below market rentals. Average rent today is only $690. New residents will pay $795. Neighborhood average rent is $1095. This property does need cosmetic and other improvements but such remodeling will yield higher income. See Documents attached. . High demand spacious floor plans. Plenty of off street parking.. Lots of potential for smart operators. Please do not disturb residents. Contingent curb offerings only. Thank you. .

Income/Expenses

Gross Income: 579600
Net Operating Income: 324405
Total Expenses: 255195

Addl Acceptance Cond

None Known: Yes

Construction

Brick: Yes

Heat Fuel

Electric: Yes

Sewer

Public Sewer: Yes

Services Available

Electricity Available: Yes
Sewer Available: Yes
Storm Sewer: Yes
Water Available: Yes

Miscellaneous

W/D Hookups: Yes

Tenant Pays

Sewer: Yes
Water: Yes
Electricity: Yes

Heating

Forced Air: Yes

New Financing

Conventional: Yes

Air Conditioning

Central Air: Yes

Owner Pays

Trash: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Owner Pays: Trash Tenant Pays: Electricity; Sewer; Water Heat Fuel: Electric Heating: Forced Air Air Conditioning: Central Air Construction: Brick Sewer: Public Sewer Services Available: Electricity Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: W/D Hookups New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Thomas Fortin & Company LLC.

Listing Agent: Thomas J Fortin

Last Updated: March - 18 - 2026

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