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1699 Lonsdale Rd Columbus, OH 43232

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32-unit apartment community with value-add potential in Columbus, Ohio.

Property Features for 1699 Lonsdale Rd

General Information

Standard status
Active

Building Details

Year built
1963

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Listing Contact
Joey Miller
Source: Crexi

Listing Agency: Matthews Listing Agent: Joey Miller

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

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Overview

Columbus Multifamily Investment Opportunity

This 32-unit apartment community is located at 5420 Lonsdale Pl N in a well-established residential area. The property offers investors scale and stable in-place cash flow. The unit mix includes 30 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. The property currently achieves an average rent of approximately $902 per unit. Current rents remain below market levels, presenting an opportunity for a new owner to increase revenue through unit renovations, operational efficiencies, and natural tenant turnover. The property offers operational efficiency and meaningful economies of scale compared to smaller multifamily assets. With strong in-place occupancy, below-market rents, and multiple avenues for increasing revenue, the property presents investors with a compelling value-add opportunity with long-term upside.
Location Intelligence

Current Use by Public Records

Pine Hill Townhomes Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

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  • Local Demand
City
Columbus
County
Delaware
State
Ohio
Longitude
-82.8504607
Latitude
39.9427725

FAQs

What type of property is this?
Apartment building - 32-unit apartment community with value-add potential in Columbus, Ohio.
Where is this apartment building located?
The property is located at 1699 Lonsdale Rd Columbus, OH.
What are key features of this property?
This property features: - Value-Add Opportunity: Below-market rents offer potential for increased revenue.; - Strong In-Place Income: Currently generating steady cash flow with an average rent of $902 per unit.; - Scalable Investment Size: 32 units under single ownership promotes operational efficiency.
More about this property
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