Columbus Multifamily Investment
For Sale
Contact for pricing
1699 Lonsdale Rd, Columbus, OH 43232
32-unit apartment community with value-add potential in Columbus, Ohio.
Property SizeContact for details
Days on Market153
Property Features for 1699 Lonsdale Rd
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1963
Units
32
Listing Agency:
Matthews
Listed By:
Joey Miller · License #2021000671
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 8 at 2:42PM
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 Matthews
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 43232, OH
44,823
Population
20,211
Households
2.2
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$50,599
Median Household Income
$37,156
Median Earnings
$1,048
Median Rent
$152,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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 - 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 is the asking price?
The asking price for this property is $2,800,000.
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.
