Active

$1,935,000

3685 Cleveland Avenue
Columbus, OH 43224

0
Baths: 0.23
Acres

About this home

Melrose Manor is a 33-unit community of 21 studios and 12 one-bedroom/one-bath units on Cleveland Avenue in northeast Columbus, offered at $1,935,000 ($58,636 per unit). The property is 75.8% occupied (25 of 33 units), and T-12 NO...

List price: $1,935,000
Original list price: $1,935,000
Annual property taxes: $25,739 / year
County appraised value: $660,100
Year built: 1962

MLS # 20261105205814269145000000 · Listed by Joey Allen Miller · Forge Real Estate Advisors · Listed Nov 6, 2026 · Updated Nov 6, 2026

Property details

Listing overviewMLS-approved public listing fields

MLS number: 226042125
Status: Active
List price: $1,935,000
Original list price: $1,935,000
List date: Nov 6, 2026
Property type: Multi-Family
Property subtype: Midrise
County: Franklin
Township: Clinton
Parcel number: 130-003416

TaxesMLS-approved public listing fields

Annual property tax: $25,739
Tax year: 2,025

Rooms and interiorMLS-approved public listing fields

Bathrooms: 0

Exterior and lotMLS-approved public listing fields

Lot size: 0.23

ParkingMLS-approved public listing fields

Total parking: 48

SchoolsMLS-approved public listing fields

School district: COLUMBUS CSD 2503 FRA CO.

Listing and showing informationMLS-approved public listing fields

Listing office: Forge Real Estate Advisors
Listing agent: Joey Allen Miller
Co-listing agent: Zeke Liston
Public remarks: Melrose Manor is a 33-unit community of 21 studios and 12 one-bedroom/one-bath units on Cleveland Avenue in northeast Columbus, offered at $1,935,000 ($58,636 per unit). The property is 75.8% occupied (25 of 33 units), and T-12 NOI is $151,552, a 7.83% cap rate. The 8 vacant units represent $7,370/month at market rents. On the occupied units, in-place rents average $847 against $895 market for studios and $1,000 for one-bedrooms, an 11% upside through turnover and renewals, and eleven leases are past their stated end date, giving flexibility to renew or reprice. RUBS is in place. The efficient studio and one-bedroom mix suits workforce and entry-level renters along the Cleveland Avenue corridor, with dining, retail, and daily services nearby. An opportunity to acquire a value-add asset with in-place cash flow and a clear path to higher occupancy and rents. Available as a package with Pine Hill Townhomes and Village on Courtright.

Provider and sourceMLS, status, agent, brokerage, and dates

MLS number: 20261105205814269145000000
Status: Active
MLS: Columbus and Central Ohio Regional MLS
Listing office: Forge Real Estate Advisors
Listing agent: Joey Allen Miller
List date: Nov 6, 2026

Property historyReviewed county sale records

Sep 26, 2022: Sold · $4,100,000
May 18, 2021: Sold · $0
May 15, 2019: Sold · $0
May 27, 2014: Sold · $300,000
May 21, 2010: Sold · $400,000
Dec 6, 2006: Sold · $170,000
Dec 6, 1999: Sold · $0
May 24, 1999: Sold · $805,000
Jul 3, 1995: Sold · $620,000
Nov 23, 1992: Sold · $0
Nov 23, 1992: Sold · $0

View county record

Location & neighborhood

Mifflin High2.5/5 starsGrades 9th, 10th, 11th and 12th · District map estimate
Medina Middle2.5/5 starsGrades 6th, 7th and 8th · District map estimate
North Linden Elementary2.5/5 starsGrades KG, 1st, 2nd, 3rd, 4th and 5th · District map estimate

View more schools

Data details

District attendance-area locator

District: Columbus City School District

School boundaries and likely assignments are estimates from public district maps, not guaranteed enrollment. Independently verify every school and attendance assignment with the district before enrollment or a real-estate decision.

Open source

Census Tract 77.22; Franklin County; Ohio

Area housing context

Data details

U.S. Census Bureau American Community Survey

Geography: Census Tract 77.22; Franklin County; Ohio
GEOID: 39049007722
Period: 2020–2024 ACS five-year estimates
Retrieved: Nov 3, 2026
Median owner-occupied value: $163,400 ± $6,484

Census tract estimates describe an area, not a person or household. ACS estimates have sampling error and should not be used to steer, rank protected classes, or make eligibility decisions.

Open source

Housing units: 1,685
Occupied: 95%
Owner occupied: 66%
Median year built: 1960
Median gross rent: $889

How this home fits the Columbus market

Payment estimate

Estimated monthly housing cost

Home price$Down payment%Loan termInterest rate%Property taxes / year · MLS$Home insurance / year · Estimated$HOA/COA fees / month · Not provided$

Estimated monthly payment

$12,736

Estimated loan amount: $1,548,000

Principal & interest: $9,784
Property taxes: $2,145
Home insurance: $806
HOA/COA fees: Not included

“Not included” means no reliable source value was available. Enter a confirmed amount for a fuller estimate.

Planning estimate only—not a loan offer, official Loan Estimate, or insurance quote. Confirm actual costs with your lender and other providers.

Estimate details

Insurance starts at a planning estimate of 0.5% of the home price per year. Items shown as “Not included” are excluded from the total. The estimate does not include closing costs, utilities, maintenance, special assessments, or every lender and escrow charge; mortgage insurance may also apply based on the loan.

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Clint Ford

Team Lead, REALTOR®

+16143525645

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About this home

List price: $1,935,000
Original list price: $1,935,000
Annual property taxes: $25,739 / year
County appraised value: $660,100
Year built: 1962

MLS # 20261105205814269145000000 · Listed by Joey Allen Miller · Forge Real Estate Advisors · Listed Nov 6, 2026 · Updated Nov 6, 2026

Property details

Listing overviewMLS-approved public listing fields

MLS number: 226042125
Status: Active
List price: $1,935,000
Original list price: $1,935,000
List date: Nov 6, 2026
Property type: Multi-Family
Property subtype: Midrise
County: Franklin
Township: Clinton
Parcel number: 130-003416

TaxesMLS-approved public listing fields

Annual property tax: $25,739
Tax year: 2,025

Rooms and interiorMLS-approved public listing fields

Bathrooms: 0

Exterior and lotMLS-approved public listing fields

Lot size: 0.23

ParkingMLS-approved public listing fields

Total parking: 48

SchoolsMLS-approved public listing fields

School district: COLUMBUS CSD 2503 FRA CO.

Listing and showing informationMLS-approved public listing fields

Listing office: Forge Real Estate Advisors
Listing agent: Joey Allen Miller
Co-listing agent: Zeke Liston
Public remarks: Melrose Manor is a 33-unit community of 21 studios and 12 one-bedroom/one-bath units on Cleveland Avenue in northeast Columbus, offered at $1,935,000 ($58,636 per unit). The property is 75.8% occupied (25 of 33 units), and T-12 NOI is $151,552, a 7.83% cap rate. The 8 vacant units represent $7,370/month at market rents. On the occupied units, in-place rents average $847 against $895 market for studios and $1,000 for one-bedrooms, an 11% upside through turnover and renewals, and eleven leases are past their stated end date, giving flexibility to renew or reprice. RUBS is in place. The efficient studio and one-bedroom mix suits workforce and entry-level renters along the Cleveland Avenue corridor, with dining, retail, and daily services nearby. An opportunity to acquire a value-add asset with in-place cash flow and a clear path to higher occupancy and rents. Available as a package with Pine Hill Townhomes and Village on Courtright.

Provider and sourceMLS, status, agent, brokerage, and dates

MLS number: 20261105205814269145000000
Status: Active
MLS: Columbus and Central Ohio Regional MLS
Listing office: Forge Real Estate Advisors
Listing agent: Joey Allen Miller
List date: Nov 6, 2026

Property historyReviewed county sale records

Sep 26, 2022: Sold · $4,100,000
May 18, 2021: Sold · $0
May 15, 2019: Sold · $0
May 27, 2014: Sold · $300,000
May 21, 2010: Sold · $400,000
Dec 6, 2006: Sold · $170,000
Dec 6, 1999: Sold · $0
May 24, 1999: Sold · $805,000
Jul 3, 1995: Sold · $620,000
Nov 23, 1992: Sold · $0
Nov 23, 1992: Sold · $0

View county record

Location & neighborhood

Mifflin High2.5/5 starsGrades 9th, 10th, 11th and 12th · District map estimate
Medina Middle2.5/5 starsGrades 6th, 7th and 8th · District map estimate
North Linden Elementary2.5/5 starsGrades KG, 1st, 2nd, 3rd, 4th and 5th · District map estimate

View more schools

Data details

District attendance-area locator

District: Columbus City School District

Open source

Census Tract 77.22; Franklin County; Ohio

Area housing context

Data details

U.S. Census Bureau American Community Survey

Geography: Census Tract 77.22; Franklin County; Ohio
GEOID: 39049007722
Period: 2020–2024 ACS five-year estimates
Retrieved: Nov 3, 2026
Median owner-occupied value: $163,400 ± $6,484

Census tract estimates describe an area, not a person or household. ACS estimates have sampling error and should not be used to steer, rank protected classes, or make eligibility decisions.

Open source

Housing units: 1,685
Occupied: 95%
Owner occupied: 66%
Median year built: 1960
Median gross rent: $889

How this home fits the Columbus market

Payment estimate

Estimated monthly housing cost

Home price$Down payment%Loan termInterest rate%Property taxes / year · MLS$Home insurance / year · Estimated$HOA/COA fees / month · Not provided$

Estimated monthly payment

$12,736

Estimated loan amount: $1,548,000

Principal & interest: $9,784
Property taxes: $2,145
Home insurance: $806
HOA/COA fees: Not included

“Not included” means no reliable source value was available. Enter a confirmed amount for a fuller estimate.

Planning estimate only—not a loan offer, official Loan Estimate, or insurance quote. Confirm actual costs with your lender and other providers.

Estimate details