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Renovated 7-Unit Apartment Building
For Sale
$1,690,000

323-331 Parkwood Ave, Columbus, OH 43203

Two adjoining parcels contain updated apartments with private laundry facilities and access to a shared courtyard.

Property SizeContact for details
Days on Market31

Property Features for 323-331 Parkwood Ave

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 7 x 2BR
Multifamily Units 7

Additional Details

Utilities to Site Yes

Amenities

in-unit washer/dryer
courtyard

Building Details

Year Built 1900
Year Renovated 2017
Listing Agency: Rich Russo Realty & Co.
Listed By: Jenne Ross · License #2017001963
Source: Centralohiohomeguide
Added: Aug 4 Changed: Sep 2 Last Checked: Sep 1 at 8:01PM

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 Rich Russo Realty & Co.

Investment Insights

Based on property information with market context.

This multifamily offering combines two parcels with seven two-bedroom apartments. Renovated in 2017, the property retains historic architectural elements while incorporating updated mechanical systems, kitchens, bathrooms, electrical, flooring, roofing, and decking. Each residence includes an in-unit washer and dryer, contemporary kitchen and bathroom finishes, and access to an adjoining courtyard.

Located at 323-331 Parkwood Avenue in Columbus, the property is minutes from OSU East, Franklin Park Conservatory, and Downtown Columbus attractions. Tenants pay all utilities, with water separately submetered. A remaining tax abatement is also associated with the property.

Key Highlights

  • Seven two‑bedroom apartments across two parcels sold together
  • Renovated in 2017 with updated mechanicals, kitchens, bathrooms, electrical, flooring, roofing, and decking
  • In‑unit washers and dryers in every apartment

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Nail Salon Spa & Massage Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Parking Lot & Garage

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

7
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,144
Businesses Nearby

Demographics for 43203, OH

8,726
Population
5,301
Households
1.6
Avg Household Size
32
Median Age
30%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
6,233
Density / Sq Mi
$44,099
Median Household Income
$36,918
Median Earnings
$930
Median Rent
$282,100
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 - Two adjoining parcels contain updated apartments with private laundry facilities and access to a shared courtyard.
Where is this apartment building located?
The property is located at 323-331 Parkwood Ave Columbus, OH.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Seven two‑bedroom apartments across two parcels sold together; Renovated in 2017 with updated mechanicals, kitchens, bathrooms, electrical, flooring, roofing, and decking; In‑unit washers and dryers in every apartment
More about this property
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