53-Unit Apartment
For Sale
Contact for pricing
4577 Olentangy River Road, Columbus, OH 43214
Renovated 53-unit apartment community with full and mid renovations across 35 homes and potential for 24 additional units.
Property Size85,892 SF
Days on Market39
Property Features for 4577 Olentangy River Road
General Information
Standard status
Active
Size
85,892 SF
Property subtype
Multifamily
Zoning
Multi -Family, ARLD
Additional Details
Highway Access
Yes
Multifamily Units
53
Amenities
fitness center
package room
laundry
Building Details
Year Built
1970
Buildings
2
Units
53
Tenancy
Multi
Listing Agency:
The Robert Weiler Company
(614) 221-4286
Listed By:
Alex Marsh · License #2013002225
Source:
Crexi
Added: Jul 23
Changed: Aug 22
Last Checked: Aug 28 at 10:51AM
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 The Robert Weiler Company
Investment Insights
Based on property information with market context.
Olentangy Terrace is a 53-unit apartment community built in 1970, offering a multifamily footprint of 85,892 SF. Renovations have been completed across 35 of the 53 apartment homes, including 19 “Full Reno” units and 16 “Mid Reno” units.
The “Full Reno” apartments include granite countertops in the kitchen and bath, tile surround bath, and updated electrical, plumbing, fixtures, flooring, and baseboards. The “Mid Reno” program keeps original cabinets while updating counters and includes the broader refresh of flooring, lighting, and hardware packages where applicable. Building systems work has included HVAC replacements, upgraded electrical panels throughout the property, new windows, common-area plumbing upgrades, and new appliance packages. Ownership also added a fitness center and package room, refreshed the laundry and common areas, and completed asphalt, exterior paint, and lighting improvements.
Residents benefit from convenient access to State Route 315, supporting connectivity to Downtown Columbus and nearby Central Ohio destinations. The property includes excess land with potential to develop an additional 24 apartment units. Offers are due by Wednesday, September 2, 2026, at 5:00 PM EST.
The “Full Reno” apartments include granite countertops in the kitchen and bath, tile surround bath, and updated electrical, plumbing, fixtures, flooring, and baseboards. The “Mid Reno” program keeps original cabinets while updating counters and includes the broader refresh of flooring, lighting, and hardware packages where applicable. Building systems work has included HVAC replacements, upgraded electrical panels throughout the property, new windows, common-area plumbing upgrades, and new appliance packages. Ownership also added a fitness center and package room, refreshed the laundry and common areas, and completed asphalt, exterior paint, and lighting improvements.
Residents benefit from convenient access to State Route 315, supporting connectivity to Downtown Columbus and nearby Central Ohio destinations. The property includes excess land with potential to develop an additional 24 apartment units. Offers are due by Wednesday, September 2, 2026, at 5:00 PM EST.
Key Highlights
- 53‑unit apartment community with 85,892 SF footprint
- Built in 1970
- 35 of 53 homes renovated: 19 Full Reno and 16 Mid Reno
Property Analytics
Current Use
Lease Details
53
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
Business Placement
Demographics for 43214, OH
26,805
Population
14,343
Households
1.9
Avg Household Size
41
Median Age
65%
College-Educated
98%
High-School Grad
6.8 sq mi
ZIP Area
3,942
Density / Sq Mi
$92,838
Median Household Income
$60,164
Median Earnings
$1,189
Median Rent
$371,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 53-unit apartment community with full and mid renovations across 35 homes and potential for 24 additional units.
Where is this apartment building located?
The property is located at 4577 Olentangy River Road Columbus, OH.
What are key features of this property?
This property features: 53‑unit apartment community with 85,892 SF footprint; Built in 1970; 35 of 53 homes renovated: 19 Full Reno and 16 Mid Reno
