1476-1510 King Ave - Apartments FOR SALE


Columbus, OH 43212- Tri-Village
$5,280,000 USD
614-582-5521
1476-1510 King Ave, Columbus, OH for Sale
$5,280,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1476-1510 King Ave
Columbus, OH 43212
Tri-Village


HIGHLIGHTS

  • 48-unit multifamily property located on King Avenue between North Star Road and Northwest Boulevard
  • Comprised of four buildings, each with twelve 1-bedroom, 1-bathroom units (700–725 SF)
  • Each building includes a full basement with coin-operated laundry and dedicated storage lockers
  • Currently averaging $1.04 per SF in rent with strong upside through rent growth and strategic improvements
  • Minutes from The Ohio State University with easy access to SR-315, SR-33, and I-670
  • Appeals to both students and professionals due to central location

OVERVIEW

Elford Realty and RE/MAX Premier Choice are proud to offer a well-positioned 48-unit multifamily property located on King Avenue, conveniently situated between North Star Road and Northwest Boulevard. The property consists of four buildings, each containing twelve 1-bedroom, 1-bathroom units ranging from 700 to 725 square feet. Each building includes a full basement equipped with coin-operated washers and dryers, as well as dedicated storage lockers for every unit. Currently averaging $1.04 per square foot in rent, the property offers significant upside potential through rent growth and strategic enhancements. Ideally located just minutes from The Ohio State University with easy access to SR-315, SR-33, and I-670, the property appeals to both students and professionals. Its proximity to Grandview and Upper Arlington provides residents with a wealth of amenities, dining, and retail options within walking or short driving distance. With a desirable location and strong value-add potential, this offering represents an exceptional opportunity for investors seeking to expand their portfolio in one of Columbus’s most in-demand submarkets. **Financials/OM/interior photos provided with a signed NDA (attached under documents)**

FOR SALE DETAILS

PRICE

$5,280,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

48

PRICE/UNIT

$110,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

Apartments 40+

APN/PARCEL ID

010-061961

ASK ABOUT THIS PROPERTY

Andrew Mills, SIOR, CCIMElford Realty, LLCMore Info
614-582-5521

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Andrew Mills, SIOR, CCIMElford Realty, LLCMore Info
614-582-5521

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.