4090 Cleveland Avenue, Columbus, OH 43224 (MLS# 222043169)

4090 Cleveland Avenue, Columbus, OH 43224

$4,250,000

Property Type: Multi-Family Lot Size (sq. ft.): 160,736 Status: Closed

Current Price: $4,250,000 List Date: 1/07/2025 Last Modified: 3/18/2026

Overview

Description

MORSE CREEK COMMONS APARTMENTS 70 - 2BRTH in North Columbus. All brick exteriors. Spacious interiors. High rental demand. High visibiity. Long time Owner/Manager getting ready to retire. There are long term tenant who are paying below market rentals. Average rent today is only $690. New residents will pay $795. Neighborhood average rent is $1095. This property does need cosmetic and other improvements but such remodeling will yield higher income. See Documents attached. . High demand spacious floor plans. Plenty of off street parking.. Lots of potential for smart operators. Please do not disturb residents. Contingent curb offerings only. Thank you. .

Listing Details MLS# 222043169

Location Property Info

Original List Price: 5600000
Property Sub Type: Townhouse
Street #: 4090
Street Name: Cleveland
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43224
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2022-11-29

General Property Info

Number of Units: 70
Building Sqft: 53133
Year Built: 1974
Built Prior to 1978: Yes
Occupancy Rate: 95
Acreage: 3.69

Tax Info

Parcel #: 010-012830
Tax Year: 2021
Tax Abatement: No
Taxes (Yrly): 48724

Status Change Info

Under Contract Date: 2025-11-26
Sold Date: 2026-03-18
Sold Price/SqFt: 79.99

2 Bedroom

2 Bedroom # of Units: 70
2 Bedroom Month Rent Per Unit: 690

More Information

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known Owner Pays: Trash Tenant Pays: Electricity; Sewer; Water Heat Fuel: Electric Heating: Forced Air Air Conditioning: Central Air Construction: Brick Sewer: Public Sewer Services Available: Electricity Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: W/D Hookups New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Thomas Fortin & Company LLC.

Listing Agent: Thomas J Fortin

Last Updated: March - 18 - 2026

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.