Listing Agency: Red 1 Realty

Listed By: Mike Hall · License #BRKP.2014004189

Source: Crexi

Added: Apr 13 Changed: Sep 2 Last Checked: Sep 5 at 8:35AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red 1 Realty

Investment Insights

Based on property information with market context.

This multifamily property comprises 10 rented apartment units that have undergone recent renovations. Improvements include new vinyl windows and new air-conditioning units throughout, while most units also have new furnaces. One of the buildings has a new roof, adding another recent capital improvement to the property.

A 15-year tax abatement has already been approved. The combination of full occupancy and recent updates provides a clearly defined operating profile for an apartment investor evaluating the asset.

Key Highlights

• 10 units are currently rented
• Recent renovations across all units
• New vinyl windows and A/C units throughout

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Pharmacy Gym & Fitness Center HVAC Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

363

Businesses Nearby

Explore this area Business Placement

Demographics for 43206, OH

21,594

Population

12,758

Households

1.7

Avg Household Size

35

Median Age

48%

College-Educated

94%

High-School Grad

3.0 sq mi

ZIP Area

7,198

Density / Sq Mi

$74,421

Median Household Income

$52,603

Median Earnings

$1,339

Median Rent

$280,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Renovated Office Buildings

30-40 E Columbus St and 762 S Pearl St, Columbus, OH 43206

$1,495,000

5,049 SF

View details

Flex Space With Dock Access

2699 Scioto Parkway, Columbus, OH 43221

$3,000,000

4,050 SF

View details

Concrete Office Building with Central Air

3055 Templeton Road, Columbus, OH 43209

$549,900

5,996 SF

View details

Flex Office & Multi-Bay Garage

880 King Ave & 896 King Ave, Columbus, OH 43212

$2,650,000

7,500 SF

View details

Two-Story Office Building with Patio

54 E Whittier St, Columbus, OH 43206

$898,000

2,887 SF

View details

Furnished Split-Level Office Building

53 W 3rd Ave, Columbus, OH 43201

$599,000

3,164 SF

View details

Single-Story Medical Office Building

2150 Marble Cliff Office Park, Columbus, OH 43215

$2,995,000

12,991 SF

View details

Two-Story Medical Office Space

117 Lazelle Road E A,C,D, Columbus, OH 43235

$999,990

7,200 SF

View details

Corner Mixed-Use Building

256 E Whittier St, Columbus, OH 43206

$1,100,000

6,761 SF

View details

Multi-Tenant Office Building

1386 East Main Street, Columbus, OH 43205

$600,000

4,468 SF

View details

Two-Storefront Retail Property

2390 Broad Street, Columbus, OH 43204

$500,000

2,508 SF

View details

Storefront Retail Building with Storage

744 Harrisburg Pike, Columbus, OH 43223

$150,000

4,120 SF

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Fully occupied apartments feature updated windows, air conditioning, and heating equipment.

Where is this apartment building located?

The property is located at 1009 Lilley Ave Columbus, OH.

What are key features of this property?

This property features: 10 units are currently rented; Recent renovations across all units; New vinyl windows and A/C units throughout