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Renovated 40-Unit Apartment Building
For Sale
Contact for pricing
Pending

1462 Elaine Rd, Columbus, OH 43227

Recently updated multifamily property with apartment zoning in Columbus.

Property SizeContact for details
Days on Market320

Property Features for 1462 Elaine Rd

General Information

Standard status Pending
Class B
Property subtype Multifamily
Zoning 403 - APARTMENTS 40+ FAMILY
Occupancy 95%
Investment Type Stabilized

Building Details

Year Built 1965
Year Renovated 2024
Buildings 10
Stories 2
Units 40
Listing Agency: Verti Commercial Real Estate
Listed By: Matthew E. Drane · License #SAL.2020000914
Source: Crexi
Added: Oct 15, 2025 Changed: Aug 30 Last Checked: Aug 30 at 4:09AM

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 Verti Commercial Real Estate

Investment Insights

Based on property information with market context.

Courtyard Townhomes is a 40-unit multifamily apartment property at 1462 Elaine Rd in Columbus, Ohio. The asset was originally built in 1965 and has undergone recent renovation, providing an updated residential setting within an established apartment community. The property is classified for 40+ family apartments under zoning designation 403.

Located in the 43227 ZIP code, the property offers a defined multifamily configuration suited to apartment ownership and operations. Its unit count, apartment zoning, and completed renovation establish the core physical and regulatory profile of the asset.

Key Highlights

  • 40‑unit multifamily apartment property
  • Recently renovated residential asset
  • Built in 1965

Property Analytics

Current Use

Courtyard Townhomes Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Acupuncture

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

385
Businesses Nearby

Demographics for 43227, OH

25,041
Population
10,874
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
6,108
Density / Sq Mi
$45,314
Median Household Income
$32,338
Median Earnings
$1,105
Median Rent
$134,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Recently updated multifamily property with apartment zoning in Columbus.
Where is this apartment building located?
The property is located at 1462 Elaine Rd Columbus, OH.
What are key features of this property?
This property features: 40‑unit multifamily apartment property; Recently renovated residential asset; Built in 1965
(202) 510-2689 Call to check price and availability
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