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2023 Sullivant Avenue, 
Columbus, OH 43223

$499,900


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Tonda Brown

E-Merge Real Estate

614-678-5505

Last updated:

February 15, 2026, 09:01 PM

MLS#

226004312

Source:

OH CBR

About This Home

2023 Sullivant Avenue

Rare Columbus Investment Opportunity: Fully Re-Imagined Quadplex with Modern Structural Integrity. Experience a truly turnkey asset in the heart of Columbus. Originally a single-family structure, this property has been expertly engineered and converted into a high-yielding four-unit residence. Every square inch of this asset has been rehabbed within the last 5 years, ensuring a high-performance portfolio addition with minimal deferred maintenance. The Configuration: Two Massive Lower Units: Each featuring 3 Bedrooms and 2 Full Bathrooms—ideal for premium rental rates or Section 8 high-tier vouchers. Two Upper Units: Each featuring 2 Bedrooms and 1.5 Bathrooms—perfectly balanced for the local professional workforce. The Infrastructure (All Under 5 Years Old): Full Mechanical Separation: True utility independence with 4 separate gas meters, 4 separate electric meters, and 4 separate water lines. Tenants pay all primary utilities, drastically reducing owner overhead. New Structural Components: Brand new roof, updated drywall throughout, and high-durability modern flooring designed for long-tenure tenants. Exterior Upgrades: A newly added deck provides outdoor living space, a rare premium for multi-family units in this market. Compliance: The property has successfully passed all rigorous Columbus City/Compass Inspections, ensuring immediate operational readiness. Financial Snapshot: With a Gross Annual Income of $53,700 and a streamlined expense profile due to tenant-paid utilities, this property offers a superior Net Operating Income (NOI) compared to older, non-separated units. This is not a 'value-add' project; this is a stabilized, high-efficiency engine for wealth. Perfect for 1031 Exchange buyers or investors seeking a hands-off, 'A-Class' physical asset.

Home Facts

Multi-Family

Built in 1920

Price Summary

499,900

MLS #:

226004312

Last Updated:

February 15, 2026, 09:01 PM

Added:

3 day(s) ago


Structure

Structure

Year Built:

1920


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$499,900

Source:OH CBR
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Coldwell Banker Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.