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2103 Iuka Avenue
Columbus OH 43201 US

$1,175,000

Active Listing ID 226013163
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20 bed
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Lot: 0.20 Acres
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Apartment

$1,175,000

Active Listing ID 226013163
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2103 Iuka Avenue 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.

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Property Features

  • Facts
  • Lot Size: 0.20 Acres
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Cooling System: Central Air
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 1175000
  • unparsedaddress: 2103 Iuka Avenue
  • postalcity: Columbus
  • stateorprovince: OH
  • country: US
  • postalcode: 43201
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2
  • lotsizeunits: Acres
  • lotsizearea: 0.2
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.006276
  • longitude: -82.999936
  • listagentfullname: Zeke Liston
  • listagentemail: zeke@listonre.com
  • listagentkey: 3yd-CCOMLSOH-658029237
  • listagentmlsid: 658029237
  • listagentpreferredphone: 6146655793
  • listagentofficephone: 6146655793
  • listofficekey: 3yd-CCOMLSOH-10910
  • listofficemlsid: 10910
  • disclaimer: 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.
  • sourcesystemid: CCOMLSOH
  • yearbuilt: 1970
  • listingcontractdate: 2026-04-22
  • listagenturl: http://www.red1realty.com
  • countyorparish: Franklin
  • parcelnumber: 010-047039
  • elementaryschooldistrict: COLUMBUS CSD 2503 FRA CO.
  • middleorjuniorschooldistrict: COLUMBUS CSD 2503 FRA CO.
  • highschooldistrict: COLUMBUS CSD 2503 FRA CO.
  • cooling: Central Air
  • heating: Forced Air
  • numberofunitstotal: 10
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 18, Bedroom 20, Bedroom 19, Bedroom 16, Bedroom 7, Bedroom 1, Bedroom 10, Bedroom 3, Bedroom 13, Bedroom 12, Bedroom 14, Bedroom 11, Bedroom 5, Bedroom 8, Bedroom 4, Bedroom 2, Bedroom 15, Bedroom 6, Bedroom 9, Bedroom 17
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -82.99994, 40.006275
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Red 1 Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"zeke@listonre.com", "ListBrokerageCity":"Columbus", "ListBrokerageCountry":"US", "ListBrokerageEmail":"broker@red1realty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Red 1 Realty, LLC", "ListBrokeragePhone":"(614) 585-9020", "ListBrokeragePostalCode":"43235", "ListBrokerageStateOrProvince":"OH", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"200 E Campus View Blvd Suite 275", "ListBrokerageWebsiteUrl":"http://www.red1realty.com", "ListOfficeAddress1":"921 Eastwind Dr Suite 102 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"10910", "ListOfficeCity":"Westerville", "ListOfficeCountry":"US", "ListOfficeEmail":"Broker@red1realty.com", "ListOfficePostalCode":"43081", "ListOfficeStateOrProvince":"OH", "ListPriceCurrencyType":"USD", "ListingTitle":"APARTMENT - Columbus, OH", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2103-Iuka-Ave_Columbus_OH_43201_M44385-97636?f=listhub&s=CCOMLSOH&m=226013163&c=rexren", "MLSModificationTimestamp":"2026-04-22 13:09:45", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":32408, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/24/2026 3:51:06 AM GMT
Source Updated Date: 4/27/2026 12:41:47 PM GMT

Courtesy of: Zeke Liston, Red 1 Realty, zeke@listonre.com

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.