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    Renovated Multifamily Property in Columbus Title is generated by Realmo AI

    2080-2090 E 5th Avenue, Columbus, OH 43219

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    For Sale
    $1,650,000

    MULTI_FAMILY - Columbus, OH

    Lot size:
    0.47 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 2080-2090 E 5th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    15
    Rooms
    Bedroom 6, Bedroom 12, Bedroom 14, Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 10, Bedroom 2, Bedroom 9, Bedroom 13, Bedroom 5, Bedroom 15, Bedroom 11, Bedroom 4, Bedroom 3
    Standard status
    Active
    APN
    010-081840-00
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    16271

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1904
    Number of units
    9

    We can help!

    Listing Contact
    Zeke Liston

    Listing agent Zeke Liston License #2019005269

    Listing office Red 1 Realty 921 Eastwind Dr Suite 102, Columbus, OH

    Listing date Mar 23, 2026

    MLS# 226008620 Listing URL

    Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Completely renovated, fully permitted 9‑unit multifamily with over $800,000 in capital improvements
    • Unit mix: three 1BR/1BA units and six 2BR/1BA units, all updated with modern finishes
    • Renovations completed with new roof, new windows, and updated plumbing and electrical
    • New mechanicals and full interior renovations throughout, plus new parking lot and exterior improvements
    • Forced air heating; year built 1904
    • Current leases: Unit E $1,300/mo + $75/mo water through 2/28/2027; Unit I $1,200/mo + $75/mo water through 1/31/2027; Unit A $995/mo + $75/mo water through 3/31/2027

    Overview

    This completely renovated 9-unit multifamily property in Columbus, OH, has undergone significant capital improvements exceeding $800,000. The extensive renovation includes a new roof, new windows, new mechanical systems, updated plumbing and electrical infrastructure, a new parking lot, exterior enhancements, and comprehensive interior renovations. The unit mix features three 1-bedroom/1-bath units and six 2-bedroom/1-bath units, all updated with modern finishes. Three units are currently leased, providing immediate income. Unit E is rented for $1,300 per month plus a $75 per month water fee through 2/28/2027, Unit I is rented for $1,200 per month plus a $75 per month water fee through 1/31/2027, and Unit A is rented for $995 per month plus a $75 per month water fee through 3/31/2027. The remaining six units are being marketed for rent, offering upside potential. Situated on a 0.47-acre lot, the property is conveniently located near John Glenn Columbus International Airport, Ohio Dominican University, The Ohio State University, and Downtown Columbus, with easy access to shopping, dining, and major employment centers. This property presents an opportunity for investors seeking a stabilized, low-maintenance asset with long-term performance potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.948717
    Latitude
    39.986246

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    FAQs

    What type of property is this?
    Apartment building - Turnkey 9-unit property with immediate income and upside potential.
    Where is this apartment building located?
    The property is located at 2080-2090 E 5th Avenue Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Completely renovated, fully permitted 9‑unit multifamily with over $800,000 in capital improvements; Unit mix: three 1BR/1BA units and six 2BR/1BA units, all updated with modern finishes; Renovations completed with new roof, new windows, and updated plumbing and electrical
    (614) 665-5793
    We can help!
    Listing Contact
    Zeke Liston
    Real Estate License ID: 2019005269
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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