About 1500 Fairview Avenue
Curb Offers only. Fully occupied four-unit brick multifamily in the heart of Fifth by Northwest District between Grandview and UA with Columbus taxes. 3,576 SF , 4 two bedroom units with a brick 4-car garage. Current rents: • Three updated units averaging $1,600/month • One long-term tenant at $800/month • Tenants pay all utilities Based on 2024 NOI, the property is operating at a 6% cap rate at list price, with immediate upside through lease adjustments on the under-market unit (market rent ~$1,800 for updated units). Three of four units have been remodeled with updated kitchens, baths, and neutral finishes. The fourth unit offers clear value-add potential. Shared basement, garage parking, and strong tenant demand in one of Columbus' most walkable rental corridors. Consistent occupancy history. Minimal landlord expense structure with tenants covering all utilities. Ideal for: • Investor seeking stable in-place income with upside • 1031 exchange buyer • Owner looking to secure long-term asset in Grandview submarket 2-year P&L and rent roll available in documents. Financials available upon request.
Features of 1500 Fairview Avenue
| MLS® # | 226003167 |
|---|---|
| Price | $900,000 |
| Acres | 0.20 |
| Year Built | 1955 |
| Type | Multi-Family |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 1500 Fairview Avenue |
|---|---|
| Area | None |
| Subdivision | Fifth By Northwest |
| City | Columbus |
| County | Franklin |
| State | OH |
| Zip Code | 43212 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | No |
School Information
| District | COLUMBUS CSD 2503 FRA CO. |
|---|
Listing Details
| Office | Matthew T Schirtzinger of Re/max Premier Choice |
|---|