2023 Sullivant Avenue 2025 #2025, Columbus, OH 43223 (MLS # 226004312)

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PRICE $499,900 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 5,663 sqft

Rare Columbus Investment Opportunity: Fully Re-Imagined Quadplex with Modern Structural Integrity. Experience a truly turnkey asset in the heart of Columbus. Originally a single-family structure, this property has been expertly engineered and converted into a high-yielding four-unit residence. Every square inch of this asset has been rehabbed within the last 5 years, ensuring a high-performance portfolio addition with minimal deferred maintenance. The Configuration: Two Massive Lower Units: Each featuring 3 Bedrooms and 2 Full Bathrooms"”ideal for premium rental rates or Section 8 high-tier vouchers. Two Upper Units: Each featuring 2 Bedrooms and 1.5 Bathrooms"”perfectly balanced for the local professional workforce. The Infrastructure (All Under 5 Years Old): Full Mechanical Separation: True utility independence with 4 separate gas meters, 4 separate electric meters, and 4 separate water lines. Tenants pay all primary utilities, drastically reducing owner overhead. New Structural Components: Brand new roof, updated drywall throughout, and high-durability modern flooring designed for long-tenure tenants. Exterior Upgrades: A newly added deck provides outdoor living space, a rare premium for multi-family units in this market. Compliance: The property has successfully passed all rigorous Columbus City/Compass Inspections, ensuring immediate operational readiness. Financial Snapshot: With a Gross Annual Income of $53,700 and a streamlined expense profile due to tenant-paid utilities, this property offers a superior Net Operating Income (NOI) compared to older, non-separated units. This is not a 'value-add' project; this is a stabilized, high-efficiency engine for wealth. Perfect for 1031 Exchange buyers or investors seeking a hands-off, 'A-Class' physical asset.

DAYS ON MARKET 1 LAST UPDATED 2/15/2026
YEAR BUILT 1920 COUNTY Franklin
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
CONSTRUCTION Block, Vinyl Siding
GARAGE Yes
HEAT Forced Air, Natural Gas
LOT 5663 sq ft
PARKING Common, No Garage
SEWER Public Sewer
TAXES 3192
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by e-Merge Real Estate, Tonda Brown
Listing information is deemed reliable, but not guaranteed.

This IDX solution is (c) Diverse Solutions 2026.