357 East 14th Avenue

Columbus OH 43201

16988.4 sq. ft.

Apartment

Last sold for $1,600,000

Zeke Liston, last sold this property on 06 July 2026 after 318 days on market.

Overview

Located near The Ohio State University, this 16-unit property--offered by the original development family--presents a rare opportunity in one of the strongest student rental corridors in the Midwest. The building features 16 spacious 2-bedroom, 1-bathroom apartments, well-suited for student and young professional occupancy with consistent year-round demand. The property is currently stabilized at an average in-place rent of $937 per unit, well below market, with comparable rents at $1,150+. One unit is currently vacant and in need of a turn. The owner has obtained a $19,795 renovation quote for this unit. All units are individually submetered for water; however, the current owner is not utilizing the submetering system and is currently paying the water expense. This presents an immediate opportunity for a new owner to activate the submetering system and meaningfully improve NOI. Tenants currently pay for gas and electric. The roof is less than 10 years old, and a full list of mechanical ages is available for review. The property also includes a partial basement with washer/dryer facilities, with additional NOI upside available through the implementation of rentable storage closets. Off-street parking consists of 22 total spaces, which are currently not monetized, offering a straightforward opportunity to introduce parking fees and further increase income. The property's brick construction, efficient layout, and low-maintenance profile make it a strong operational asset with limited ongoing capital requirements. While already well-positioned physically, the primary upside is driven by lease-up, rent growth, and the monetization of currently underutilized income streams. This is an ideal opportunity for an investor seeking a strategically located OSU asset with immediate value-add potential and multiple clear paths to increased NOI through both operational and leasing improvements.

Features

16988.4 sq. ft. lot size

Apartment

Estimated Value

Based on this property and similar apartments sold in Columbus over the last 12 months, the estimated median property value of 357 East 14th Avenue is $704.1k.

Median value

$704.1k

Estimated value range

$340k - $1.6m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Columbus. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.