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12-Unit Apartment Community
New
For Sale
$600,000

309 Martha Avenue, Columbus, OH 43223

Multi-Family, Columbus, OH

Property SizeContact for details
Lot Size0.72 Acres
Days on Market2

Property Features for 309 Martha Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description AR4
Bedrooms 24
Rooms Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 14, Bedroom 24, Bedroom 18, Bedroom 7, Bedroom 16, Bedroom 10, Bedroom 5, Bedroom 12, Bedroom 21, Bedroom 2, Bedroom 9, Bedroom 13, Bedroom 19, Bedroom 15, Bedroom 11, Bedroom 23, Bedroom 17, Bedroom 20, Bedroom 8, Bedroom 22
Parking 18
Elementary school district COLUMBUS CSD 2503 FRA CO.
Middle school district COLUMBUS CSD 2503 FRA CO.
High school district COLUMBUS CSD 2503 FRA CO.
Standard status Active
APN 010-087754
Lot size 0.72 Acres

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Amenities

gated

Building Details

Year built 1959
Number of units 12
Listing Agency: Keller Williams Capital Ptnrs · Keller Williams Realty
Listed By: Jeffrey G Jonas · License #2014004917
Added: Oct 2 Last Checked: Oct 3 at 11:06PM
MLS# 226037548

Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The 12 apartments are arranged across three buildings, with four flats and a common entry in each. Every unit has two bedrooms and one bathroom. Ground-floor apartments are fully wheelchair accessible. The property was built in 1959 and underwent a complete interior rehabilitation in 2017, including replacement of the roof, furnaces, water heaters, appliances, doors, and windows, along with updated kitchens and bathrooms. Forced-air heat and central air conditioning serve the buildings. The property comprises 0.72 acres and is offered as a package with 299 and 321 Martha.

Key Highlights

  • 12 apartments, each with 2 bedrooms and 1 bathroom
  • Three buildings, each containing 4 flats with a common entry
  • Complete rehabilitation in 2017 included the roof, furnaces, water heaters, appliances, doors, windows, kitchens, and bathrooms

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Skin Care Clinic Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

656
Businesses Nearby

Demographics for 43223, OH

27,951
Population
10,662
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
77%
High-School Grad
10.0 sq mi
ZIP Area
2,795
Density / Sq Mi
$45,902
Median Household Income
$32,509
Median Earnings
$1,063
Median Rent
$113,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Three four-unit buildings share common entries, with wheelchair-accessible apartments on the ground floors.
Where is this apartment building located?
The property is located at 309 Martha Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 12 apartments, each with 2 bedrooms and 1 bathroom; Three buildings, each containing 4 flats with a common entry; Complete rehabilitation in 2017 included the roof, furnaces, water heaters, appliances, doors, windows, kitchens, and bathrooms
More about this property
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