2103 Iuka Ave, Columbus, OH

Name: 2103 Iuka Ave, For Sale in Columbus - eXp Realty
Brand: Red 1 Realty
SKU: 226013163
Price: 1175000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$1,175,000

000

MLS® 226013163

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage

HOA Fees

Taxes $32,408

Days Active 0

Approx. Age 1970

MLS® Number 226013163

Property Address: 2103 Iuka Ave, Columbus, OH, 43201-1329

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a 10-unit multifamily property from the original development family, ideally located on Iuka Avenue overlooking Iuka Ravine--one of the most desirable residential corridors adjacent to The Ohio State University. The property benefits from strong, consistent demand driven by both student housing and short-term rental markets. Each unit features a spacious 2-bedroom, 1-bathroom layout. Currently, six units are leased to long-term tenants at an average rent of $955/unit--well below market--while three units operate as fully furnished short-term rentals, offering the flexibility to continue the STR model or convert to long-term leases at projected market rents of $1, 350+. One unit is fully gutted, presenting a clear value-add opportunity; ownership has obtained a $35, 000 renovation quote to bring it back online. The property has been well maintained while still offering meaningful upside through interior and operational improvements. The roof is approximately 10 years old and in good condition, and a full list of mechanical ages is available for review. The exterior stairway is original and will require replacement in the near term; the owner has secured a quote of $48, 500. All utilities are sub-metered, with tenants paying for gas, electric, and water, providing strong expense control and improved operating efficiency. Additional income potential exists through the four-car garage--currently, one space is utilized by a tenant, with the remaining three owner-occupied--as well as the on-site laundry facility, which could be converted to coin-operated for increased revenue. This is a compelling value-add opportunity for an investor to significantly increase NOI in a premier, high-demand location.

MLS® Number226013163

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1970

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 22, 2026List Date

$1,175,000List Price

Home Appraisal

This property is estimated to sell between: $640,000 and $1,443,000.

Similar properties in this area sold on average for: $640,000

Expected to sell in 217 days. Similar properties sold in 217 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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