Value-Add 153-Unit Apartment
For Sale
Contact for pricing
Pending
1551 Bryden Rd, Columbus, OH 43205
Value-add multifamily with 153 units, 20,000 SF vacant commercial space, and renovations including fire alarms and elevators.
Days on Market111
Property Features for 1551 Bryden Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
70%
Additional Details
Multifamily Units
153
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 27 at 10:26AM
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 Waller Group Homes
Investment Insights
Based on property information with market context.
This is a value-add 153-unit apartment property in Columbus, OH, currently 69.9% occupied. The asset was renovated in the 1990s with a complete property overhaul reportedly totaling $10M, and recent upgrades include fire alarm systems, elevator work, and unit interiors with over half of the cabinets replaced.
The property also includes 20,000 SF of vacant commercial space that the current ownership states can be converted to approximately 25 additional units. Current management includes one leasing agent on-site and two maintenance technicians.
The property is located at 1551 Bryden Rd and is described as being just minutes from Columbus State University, Franklin University, Downtown Columbus, and the Capital. It is also within a 5-minute walk of the $50M Trolley District Development. In the Bexley/Whitehall multifamily submarket, the data provided reflects 9.6% 12-month effective rent growth with 4.6% vacancy.
The property also includes 20,000 SF of vacant commercial space that the current ownership states can be converted to approximately 25 additional units. Current management includes one leasing agent on-site and two maintenance technicians.
The property is located at 1551 Bryden Rd and is described as being just minutes from Columbus State University, Franklin University, Downtown Columbus, and the Capital. It is also within a 5-minute walk of the $50M Trolley District Development. In the Bexley/Whitehall multifamily submarket, the data provided reflects 9.6% 12-month effective rent growth with 4.6% vacancy.
Key Highlights
- 153‑unit value‑add multifamily property in Columbus, OH, currently 69.9% occupied
- Renovated with a $10M complete property overhaul in the 1990s
- 20,000 SF vacant commercial space available to convert to approximately 25 additional units
Property Analytics
Current Use
Lease Details
153
Residential units
69.9%
Occupancy
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Value-add multifamily with 153 units, 20,000 SF vacant commercial space, and renovations including fire alarms and elevators.
Where is this multifamily property located?
The property is located at 1551 Bryden Rd Columbus, OH.
What are key features of this property?
This property features: 153‑unit value‑add multifamily property in Columbus, OH, currently 69.9% occupied; Renovated with a $10M complete property overhaul in the 1990s; 20,000 SF vacant commercial space available to convert to approximately 25 additional units
