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    1501 Oakland Park Ave Columbus, OH 43224

    For Sale
    $900,000

    Well-maintained 8-unit building with strong rents in prime location.

    Property size:
    6,240 SF

    Property Features for 1501 Oakland Park Ave

    General Information

    Size
    6,240 SF

    Building Details

    Year built
    1966

    Source: Bastian Gehrer Agent Bastian Gehrer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Linden Multifamily Investment Property

    This is an 8-unit multifamily investment property located in the North Linden neighborhood. The well-maintained brick building features 2-bedroom, 1-bathroom units. Tenants are responsible for all utilities, as each unit is separately metered. The property includes on-site parking. Recent capital improvements have been made. The property is situated on Oakland Park Avenue in the rapidly developing North Linden neighborhood, benefiting from rental demand, access to public transit, and proximity to employment hubs. It is less than 15 minutes from Downtown Columbus and within easy reach of the new Intel development corridor. Nearby amenities include the Linden Community Center, local eateries, and parks. The property has a low expense load and is self-managed. There are strong in-place rents with room to increase to market value. The location is close to I-71, Downtown Columbus, and OSU. The property offers value-add potential through light unit improvements. The property size is 6240 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9731402
    Latitude
    40.0315811

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit building with strong rents in prime location.
    Where is this apartment building located?
    The property is located at 1501 Oakland Park Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Strong in-place rents in rapidly developing North Linden location.; - Tenants pay all utilities, separately metered, minimizing ownership expenses.; - Well-maintained brick building with recent capital improvements, ensuring low maintenance.
    (614) 940-4032
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    Columbus, OH 43224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 Oakland Park Ave Columbus, OH 43224
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