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University District Multifamily Investment Property
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27 W 8th Avenue, Columbus, OH 43201

Turnkey 8-unit building near OSU campus in Columbus.

Property SizeContact for details
Days on Market197

Property Features for 27 W 8th Avenue

General Information

Standard status Active
Class C
Total Parking Spaces 8
Property subtype Multifamily
Occupancy 38%
Investment Type Value Add

Building Details

Year Built 1960
Buildings 1
Units 8
Listing Agency: Red One Realty
Listed By: Jeff Sheu · License #2017006002
Source: Crexi
Added: Feb 19 Changed: Aug 8 Last Checked: Aug 8 at 2:45PM

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 Red One Realty

Investment Insights

Based on property information with market context.

This is an 8-unit building located in Columbus' University District, near the OSU campus. The property features seven 2-bed, 1-bath units and one 1-bed, 1-bath unit. Each unit is sub-metered for gas and electric and includes one parking space. Common area coin-operated washers and dryers are available. The property includes an attached 2-car garage and additional small storage. A new asphalt surface lot is planned for late 2025. Three units are currently occupied at $1300 per month. Vacant units are being marketed for rent at market rate. Furniture within storage, apartments C and G can be included with sale, beneficial for short term rental operators. The property is under new management that can remain.

Key Highlights

  • Turnkey 8‑unit building in Columbus' University District near OSU Campus
  • Sub‑metered for gas and electric, reducing landlord utility costs
  • Includes one parking space per unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Food Market (Bike/Boat/Book/etc) Store Daycare Center Furniture & Home Goods Kitchen & Bath Showroom

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

4,962
Businesses Nearby

Demographics for 43201, OH

37,528
Population
17,484
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
12,106
Density / Sq Mi
$43,451
Median Household Income
$21,792
Median Earnings
$1,299
Median Rent
$438,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Turnkey 8-unit building near OSU campus in Columbus.
Where is this apartment building located?
The property is located at 27 W 8th Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $1,505,000.
What are key features of this property?
This property features: Turnkey 8‑unit building in Columbus' University District near OSU Campus; Sub‑metered for gas and electric, reducing landlord utility costs; Includes one parking space per unit
(614) 257-8076 Call to check price and availability
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