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Upgraded 6-Unit Apartment Building
For Sale
Contact for pricing
Pending

499 E Columbus Street, Columbus, OH 43206

Four residences have been upgraded, with two long-term tenants currently in place.

Property SizeContact for details
Days on Market144

Property Features for 499 E Columbus Street

General Information

Standard status Pending
Property subtype Multifamily, Mixed Use

Additional Details

Multifamily Units 6
Listing Agency: Reafco
Listed By: Marc Rice · License #2022005625
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 4:04PM

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 Reafco

Investment Insights

Based on property information with market context.

This six-unit apartment property includes four upgraded residences and two occupied by long-term tenants. The configuration supports continued residential leasing as well as short-term and medium-term rental strategies identified for the property. A professional management team is already in place, providing an established management arrangement for the building.

Located at 499 E Columbus Street in Columbus, Ohio, the property is within the Schumacher Place and German Village areas. On-site parking is available behind the building. The remaining residences were not leased while prospective users considered medium-term and short-term rental plans, leaving flexibility in the current occupancy strategy.

Key Highlights

  • Six‑unit apartment property with four upgraded residences
  • Two long‑term tenants remain in place
  • Short‑term, medium‑term, and long‑term rental use identified

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Kitchen & Bath Showroom Electrical Service Home Appliance Store (Bike/Boat/Book/etc) Store Plumbing Service Building Supply

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,767
Businesses Nearby

Demographics for 43206, OH

21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
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 - Four residences have been upgraded, with two long-term tenants currently in place.
Where is this apartment building located?
The property is located at 499 E Columbus Street Columbus, OH.
What are key features of this property?
This property features: Six‑unit apartment property with four upgraded residences; Two long‑term tenants remain in place; Short‑term, medium‑term, and long‑term rental use identified
(614) 363-2787 Call to check price and availability
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