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3244 E 5th Avenue

Columbus, OH 43219

$400,000 $1,686/Mo

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Overview

Bed

Bath

0.14

Acre(Lot)

Description

Turnkey 3-unit apartment building positioned directly near the transformational $2 billion John Glenn Columbus International Airport expansion and redevelopment project! This high-growth location places the property in the path of continued economic investment, job growth, infrastructure improvements, and increasing housing demand on Columbus' east side. The asset features long-term tenants with an excellent payment history, providing immediate and reliable cash flow for investors seeking a stable multifamily property with future upside potential. With minimal deferred maintenance and 2,484 finished square feet consisting of one 1bed/1ba ($800), one 2bed/1ba ($832), and one 3bed/1ba ($1325). This is a strong turnkey addition to any portfolio. Beyond its current performance as a long- term rental, the property is exceptionally well positioned for future mid-term or short-term rental use due to its close proximity to the airport, downtown Columbus, and major employment hubs. The surrounding airport expansion is expected to drive continued demand from traveling professionals, airline personnel, contractors, and visitors seeking convenient accommodations near one of the region's largest infrastructure investments. 3244 E Fifth Ave offers investors the rare combination of in-place income, strategic location, and long-term growth potential in one of Columbus' rapidly evolving corridors.

Property Details

Property Type : Residential Income

Price : $400,000

AD Id : 78457443

MLS Id : 226016519

Lot Size : 0.14 Acre

Year Built : 1920

County : Franklin

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes

Building Information

Year Built: 1920 Construction Materials: Frame, Vinyl Siding Private Pool: No

Lot Information

Main Square Feet: 0.14 Lot Size Acres: 0.14 Lot Size Square Feet: 6098.4

Listing Price Information

Listing Price: $400000 FHA, Conventional

Tax Information

Parcel Number: 010-066638 Tax Year: 2024 Annual Tax: $3329

Parking Information

Parking Total: 6

Utility Information

Natural Gas Available, Water Available, Sewer Available, Electricity Available
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
4125 Emerius Drive, Columbus, OH, 43219	$284,900	2	3	1,769	1,769 SqFt
3800 Genessee Ave, Columbus, OH, 43219	$559,000	4	4	2,376	2,376 SqFt
3767 Aberdeen Avenue, Columbus, OH, 43219	$519,900	4	3	2,456	2,456 SqFt
3761 Aberdeen Avenue, Columbus, OH, 43219	$519,900	3	3	2,456	2,456 SqFt
3733 Genessee Avenue, Columbus, OH, 43219	$519,000	4	3	2,230	2,230 SqFt
3955 Hoffman Valley Drive, Columbus, OH, 43219	$425,000	4	3	2,350	2,350 SqFt
3667 Parker Knoll Lane, Columbus, OH, 43219	$320,000	3	3	1,476	1,476 SqFt
3237 E 12th Avenue, Columbus, OH, 43219	$169,900	2	1	672	672 SqFt
3014 E 7th Avenue, Columbus, OH, 43219	$125,000	2	1	944	944 SqFt
3001 E 12th Avenue, Columbus, OH, 43219	$143,000	2	1	672	672 SqFt

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ByOwner last updated this listing 06/05/2026 @ 20:43

MLS: 226016519 LISTED BY: David Spurlock, Red 1 Realty 614-585-9020 SOURCE: Columbus and Central Ohio Regional MLS