497 E Oakland Avenue Columbus, OH $ 475,000
497 E Oakland Avenue
$ 475,000
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497 E Oakland Avenue

Columbus, OH, 43202
$ 475,000
Bedrooms8 Baths0.0

Monthly Estimate*

$ 2,925

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Multi-Family Home for sale in Columbus, OH

for $475,000 with 8 bedrooms. This home was built in 1969 on a lot size of 0.1.

Excellent investment opportunity near Ohio State University and the Ohio Expo Center & State Fair. This fully occupied 4-unit building features four 2 bedroom, 1 bath units, providing immediate rental income potential. Each unit is separately sub-metered for all utilities, including water, offering convenience and expense control for ownership. Recent improvements include new fencing with gated access, new gutters with leaf guards, off-street parking, and updates throughout the property. With strong rental demand in the area and close proximity to dining, shopping, entertainment, and major employers in Columbus, this is a fantastic addition to any investment portfolio.

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Multi-Family Contingent

Price

$ 475,000

Bedrooms

8

Property Type

Multi-Family

Taxes

$ 10,458

Style

Lot Size

0.1

Year Built

1969

Town/City

Columbus

County/Region

Franklin

MLS | Web ID

226012896

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Water Available Sewer Available Natural Gas Available Electricity Available
Year Built 1969
Township None
Property Subtype Midrise
Tax Year 2025
Gross Income 57300.0
County Franklin
Net Operating Income 34800.0
Operating Expense 22500.0
Property Type Multi-Family
Status Contingent
City Columbus
High School District COLUMBUS CSD 2503 FRA CO.
Number Of Units Total 4
Lot Size Square Feet 4356.0
Land Lease Y/N N
Tax Annual Amount 10458.4
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active Under Contract
Senior Community None
New Construction None
New Financing FHA True
New Financing Coventional True
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Exterior
Water Source Public
Lot Size Area 0.1
Spa N
Lot Size Acres 0.1
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N N
Total Baths 0
Heating-Forced Air True
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Internal Only
Street Number 1 497
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* Excluded Features
List By
Matthew Piper

Listing Agent

Era Real Solutions Realty

Broker

mpiper.realtor@gmail.com

Email

Affordability Calculator

$3,796
Per Month
77%
23%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
$872
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1421409 Elementary School
1421044 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/20/2026$475,000 Listed Price

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497 E Oakland Avenue, Columbus, OH, 43202 is a Multi-Family Home for sale at $475,000 with a lot size of 0.1. 497 E Oakland Avenue has 8 bedrooms, 0.0 baths, and was built in 1969. The property's zip code is 43202 which is in Columbus, OH