6-Unit Apartment
For Sale
$1,200,000
11061116 1106-1116 Parsons Ave, Columbus, OH 43206
Fully leased multifamily property with recent electrical, mechanical, and appliance upgrades across the building.
Property SizeContact for details
Days on Market35
Property Features for 11061116 1106-1116 Parsons Ave
General Information
Standard status
Active
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$71,429
Units
Unit Mix
5 x 2BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
6
Additional Details
Gross Income
$100,920
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Ryan Lawasani · License #2018002342
(614) 260-4842
Source:
Thetomlinson
Added: Jul 31
Changed: Aug 28
Last Checked: Sep 1 at 9:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This six-unit apartment property includes five two-bedroom, one-and-a-half-bath residences and one two-bedroom, one-bath residence. The building is fully occupied, with long-term leases in place. Recent capital work completed from 2023 through 2025 includes replacement of all six electrical panels in May 2025, along with multiple unit-level equipment upgrades.
Updates include new furnaces in Units 1106, 1110, and 1116; dishwashers in Units 1106, 1108, 1110, 1112, and 1116; and a landlord-owned washer and dryer, water heater, and new A/C unit in Unit 1110, Unit 1110, and Unit 1112, respectively. The electrical panel work brought the property into full code compliance. Built in 1925, the apartments are located at 1106-1116 Parsons Ave in Columbus, near Downtown Columbus, Nationwide Children's Hospital, German Village, and major highways.
Updates include new furnaces in Units 1106, 1110, and 1116; dishwashers in Units 1106, 1108, 1110, 1112, and 1116; and a landlord-owned washer and dryer, water heater, and new A/C unit in Unit 1110, Unit 1110, and Unit 1112, respectively. The electrical panel work brought the property into full code compliance. Built in 1925, the apartments are located at 1106-1116 Parsons Ave in Columbus, near Downtown Columbus, Nationwide Children's Hospital, German Village, and major highways.
Key Highlights
- Six apartments with five 2‑bedroom, 1.5‑bath units and one 2‑bedroom, 1‑bath unit
- 100% occupied with long‑term leases in place
- All six electrical panels replaced in May 2025
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased multifamily property with recent electrical, mechanical, and appliance upgrades across the building.
Where is this apartment building located?
The property is located at 11061116 1106-1116 Parsons Ave Columbus, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six apartments with five 2‑bedroom, 1.5‑bath units and one 2‑bedroom, 1‑bath unit; 100% occupied with long‑term leases in place; All six electrical panels replaced in May 2025
