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About This Home

This 6-bedroom, 0-bathroom residential multi family at 3244 E 5th Avenue in Columbus, OH is listed for $400,000. Built in 1920, on a 0.14 acres lot.

Agent 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.

Key Features

  • Built in 1920
  • 0.14 acre lot
  • 6 parking spaces

Property Details

6 spaces
1920

Amenities

A/C

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

3244 E 5th Avenue

Columbus, OH 43219

Property Details

Heating

Forced Air

Questions & Answers

This 6-bedroom, 0-bathroom residential multi family at 3244 E 5th Avenue is listed at $400,000. The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.

Key features include: Built in 1920, 0.14 acre lot, 6 parking spaces.

This property is listed by David Spurlock and can be reached at 6146561316 or david@listonre.com.

DS

David Spurlock

Agent at Red 1 Realty

(614) 656-1316

Listed by Red 1 Realty · View on Broker Site

MLS# 226016519· Source: listhub· Updated 20 days ago

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.

3244 E 5th Avenue, Columbus, OH 43219

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