Renovated Four-Unit Multifamily
143 S Garfield Ave, Columbus, OH 43205
MULTI_FAMILY - Columbus, OH
Type:Apartment
Property size:
6,569 SFLot size:
0.29 AcresPrice / SF:
$106/SF- Added:
- Mar 12, 2026
- Days on Market:
- 114
- Last Refresh:
- Jul 3 at 2:06 am
Property Features for 143 S Garfield Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 9
- Bathrooms
- 12
- Rooms
- Bathroom 3, Bathroom 12, Bathroom 11, Bedroom 5, Bedroom 7, Bathroom 2, Bathroom 5, Bedroom 4, Bathroom 8, Bedroom 3, Bathroom 1, Bathroom 6, Bedroom 6, Bathroom 7, Bathroom 9, Bathroom 4, Bedroom 8, Bedroom 9, Bedroom 1, Bathroom 10, Bedroom 2
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Standard status
- Active
- Lot size
- 0.29 Acres
Utilities
- Heating system
- Forced Air, Electric (Heating)
Building Details
- Year built
- 1998
- Floors in Building
- 3
- Building materials
- Stucco, Brick
- Roof type
- Asphalt
Listing agent Christopher Cox (937) 581-3037
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
- 4‑unit property with 6,569 SF total; each unit designed with 2.5 baths and updated layouts
- Estimated unit sizes: Unit A 1,913 SF (2 bed), Unit B 1,834 SF (3 bed), Unit C 1,482 SF (2 bed), Unit D 1,340 SF (2 bed)
- Newer building updates include new roof, fresh paint, framing, and brand‑new plumbing and electric; 2 new furnaces
- Parking includes 5‑car garage: 3‑car detached with gated entry plus 2‑car attached garage with room for additional parking
- 0.29‑acre lot with fenced yard and gated entry; includes porch/balcony walk‑out areas
- Construction materials: stucco and brick; heating includes forced air and electric (heating); roof type: asphalt
Overview
This four-unit multifamily property has renovations underway, with about 40% reportedly completed and remaining work needed to finish the upgrades. The building includes new and improved exterior and interior elements such as updated architectural design, walk-out porch/balcony areas, new large windows, and brand-new plumbing and electric. Common areas have been refreshed as part of the renovation plan. Substantial building systems updates include a new roof, two new furnaces, fresh paint, and framing. One unit is planned with an attached two-car garage. Unit A is designed as 1,913 sf with 2 bedrooms and 2.5 baths; Unit B is 1,834 sf with 3 bedrooms and 2.5 baths; Unit C is 1,482 sf with 2 bedrooms and 2.5 baths; and Unit D is 1,340 sf with 2 bedrooms and 2.5 baths.
Set on a 0.29-acre lot with a fenced yard and gated entry, the property includes a 5-car garage setup: a 3-car detached garage with a gated entry and a 2-car attached garage, with room for additional parking. The address is 143 S Garfield Ave, Columbus, OH 43205, in Franklin County.
For investors and owner-operators, the combination of multiple unit layouts, expanded outdoor/porch space, and significant systems upgrades can support a straightforward path to completion and stabilized use after renovations. The report also states the city would approve selling each unit separately, offering a potential alternative approach to ownership structure if approved through the appropriate process.
Set on a 0.29-acre lot with a fenced yard and gated entry, the property includes a 5-car garage setup: a 3-car detached garage with a gated entry and a 2-car attached garage, with room for additional parking. The address is 143 S Garfield Ave, Columbus, OH 43205, in Franklin County.
For investors and owner-operators, the combination of multiple unit layouts, expanded outdoor/porch space, and significant systems upgrades can support a straightforward path to completion and stabilized use after renovations. The report also states the city would approve selling each unit separately, offering a potential alternative approach to ownership structure if approved through the appropriate process.
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 updated units in a fourplex with extensive renovations, fenced lot, and garage options for tenants or operators.
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: 4‑unit property with 6,569 SF total; each unit designed with 2.5 baths and updated layouts; Estimated unit sizes: Unit A 1,913 SF (2 bed), Unit B 1,834 SF (3 bed), Unit C 1,482 SF (2 bed), Unit D 1,340 SF (2 bed); Newer building updates include new roof, fresh paint, framing, and brand‑new plumbing and electric; 2 new furnaces
