Townhome and Apartment
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4370 Le Marie Ct., Columbus, OH 43224
A 276-unit community with tenant-paid utilities, including townhouses and California-style apartments.
Property SizeContact for details
Days on Market121
Property Features for 4370 Le Marie Ct.
General Information
Standard status
Active
Property subtype
Multifamily, Retail
Additional Details
Multifamily Units
276
Building Details
Year Built
1969
Tenancy
Multi
Listing Agency:
Income Property Organization
Listed By:
Paul McHugh, J.D. · License #OH 2016005820
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 9:18PM
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 Income Property Organization
Investment Insights
Based on property information with market context.
Summit Park is a 276-unit residential community consisting of 70 townhomes and 206 California-style apartments, originally developed in 1969. Unit mix includes one-, two-, and three-bedroom apartment homes, along with townhouses featuring two-bedroom and three-bedroom configurations. The property’s HVAC systems are equipped with tenant-paid gas-forced air furnaces and central air for all units, and tenants also pay for gas, electric, and water across the community.
Ownership has implemented extensive utility sub-metering and billing, with water completely sub-metered and a third-party water company billing tenants directly. Updated financial reporting is noted for the T6 due to the sub-metering updates. Operational and exterior improvements include roof work completed within the last 10–15 years, weeping mortar replaced with brick façade on all buildings, and painting completed in 2012. Parking lots have been patched as needed, and a leasing office renovation was completed in 2017.
Additional reported upgrades include plumbing replacement in approximately 120 units (2013–2015), replacement of approximately 200 furnaces and 150 AC units, installation of luxury vinyl plank in nearly all units, and new windows in about one-third of the complex. Following a 2012 fire that impacted 36 units, all 36 were rehabbed, while the remaining 240 units have been painted. The common laundry is owned and leased, generating approximately $2,500 per month.
Ownership has implemented extensive utility sub-metering and billing, with water completely sub-metered and a third-party water company billing tenants directly. Updated financial reporting is noted for the T6 due to the sub-metering updates. Operational and exterior improvements include roof work completed within the last 10–15 years, weeping mortar replaced with brick façade on all buildings, and painting completed in 2012. Parking lots have been patched as needed, and a leasing office renovation was completed in 2017.
Additional reported upgrades include plumbing replacement in approximately 120 units (2013–2015), replacement of approximately 200 furnaces and 150 AC units, installation of luxury vinyl plank in nearly all units, and new windows in about one-third of the complex. Following a 2012 fire that impacted 36 units, all 36 were rehabbed, while the remaining 240 units have been painted. The common laundry is owned and leased, generating approximately $2,500 per month.
Key Highlights
- Summit Park offers 276 total units: 70 townhomes and 206 California‑style apartments developed in 1969.
- Unit mix includes 54 one‑bedroom (650 SF), 142 two‑bedroom (825 SF), and 10 three‑bedroom (1,050 SF) apartments.
- Tenant‑paid utilities: tenants pay gas, electric, and water across all 276 units; LL pays for common laundry leased and collects about $2,500/month.
Property Analytics
Current Use
Lease Details
276
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 43224, OH
43,544
Population
19,238
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
79%
High-School Grad
8.3 sq mi
ZIP Area
5,246
Density / Sq Mi
$50,934
Median Household Income
$34,966
Median Earnings
$1,025
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - A 276-unit community with tenant-paid utilities, including townhouses and California-style apartments.
Where is this apartment building located?
The property is located at 4370 Le Marie Ct. Columbus, OH.
What are key features of this property?
This property features: Summit Park offers 276 total units: 70 townhomes and 206 California‑style apartments developed in 1969.; Unit mix includes 54 one‑bedroom (650 SF), 142 two‑bedroom (825 SF), and 10 three‑bedroom (1,050 SF) apartments.; Tenant‑paid utilities: tenants pay gas, electric, and water across all 276 units; LL pays for common laundry leased and collects about $2,500/month.
