Spacious Four-Unit Property in
143 S Garfield Ave, Columbus, OH 43205
Multi-Unit (2-4), Apartment - Columbus, OH
Property size:
6,569 SFLot size:
0.29 AcresPrice / SF:
$106/SF- Added:
- Mar 12, 2026
- Days on Market:
- 79
- Last Refresh:
- May 29 at 2:06 pm
Property Features for 143 S Garfield Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 600
- Bedrooms
- 9
- Bathrooms
- 12
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- APN
- 010-023027-00
- Size
- 6,569 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Heating system
- Electric (Heating), Forced Air
Building Details
- Year built
- 1998
- Year renovated
- 1998
- Floors in Building
- 3
- Building materials
- Brick, Stucco
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Christopher Cox (614) 285-7273
Listing office Ohio Real Estate Auctions LLC 5030 CALUM WAY, Grove City, OH (937) 581-3037
Listing date Mar 12, 2026
MLS# 11672379
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Potential for individual unit sale approval by the city.
- Substantial 6,569 SF with four units featuring modern architectural designs and spacious layouts.
- Significant renovations completed, including new roof, plumbing, electric, furnaces, paint, and framing.
- Multiple garages: attached 2‑car garage for one unit and a detached 3‑car garage with gated entry.
- Each unit includes private outdoor space (walk‑out porch/balcony) and multiple bathrooms (2.5 baths).
- Large 0.29 acre lot with fenced yard and gated entry.
Overview
This four-unit property is undergoing renovations, with approximately 40% already completed. Prior to the renovations, the property was appraised for nearly $1,000,000, despite being outdated and in poor condition at the time. The updated architectural designs provide each unit with ample space and amenities, including walk-out porch/balcony areas and new, large windows. The property features brand new plumbing and electric systems, as well as common areas. One of the units will have an attached two-car garage. The city would approve selling each unit separately. The building has a new roof, two new furnaces, fresh paint, and framing. Unit A is designed to be 1,913 square feet with 2 bedrooms and 2.5 bathrooms. Unit B is designed to be 1,834 square feet with 3 bedrooms and 2.5 bathrooms. Unit C is designed to be 1,482 square feet with 2 bedrooms and 2.5 bathrooms. Unit D is designed to be 1,340 square feet with 2 bedrooms and 2.5 bathrooms. The property has a total of 6,569 square feet and includes a five-car garage, with a three-car detached garage and a two-car attached garage, plus additional parking space. It is situated on a 0.29-acre lot with a fenced yard and gated entry.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.9k | $13.08 |
| − Vacancy | −$6.0k | −$0.92 |
| EGI | $79.9k | $12.16 |
| − OpEx | −$24.0k | −$3.65 |
| NOI | $55.9k | $8.52 |
6,569 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$799.1K
$699.2K – $932.3K
NOI $55,936 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$642.8K
$562.5K – $749.9K
NOI $44,996 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,831 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -82.980337
- Latitude
- 39.96137
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property with renovation potential and modern architectural designs.
Where is this quadplex located?
The property is located at 143 S Garfield Ave Columbus, OH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Potential for individual unit sale approval by the city.; Substantial 6,569 SF with four units featuring modern architectural designs and spacious layouts.; Significant renovations completed, including new roof, plumbing, electric, furnaces, paint, and framing.
