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16-Unit Garden Apartment Buildings
For Sale
$1,399,900

565 Ryan Avenue, Columbus, OH 43223

Multiple buildings with two surface lots and shared green space.

Property SizeContact for details
Days on Market42

Property Features for 565 Ryan Avenue

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 16 x 2BR/1BA
Multifamily Units 16

Additional Details

Opportunity Zone Yes
Utilities to Site Yes

Building Details

Buildings 4
Listing Agency: Connect Realty
Listed By: Todd DeHays
Source: Maryhatem
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 29 at 11:58PM

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 Connect Realty

Investment Insights

Based on property information with market context.

This apartment property comprises four buildings containing 16 two-bedroom, one-bath garden apartments across two parcels. The first floors have been reconfigured by removing divider walls, creating four-bedroom layouts with open living areas, office space, and laundry areas. Two large surface lots and a substantial green space complement the buildings.

The property is located at 565-571 Ryan Avenue and 1611-1639 Safford in Columbus, Ohio. It is situated within an Opportunity Zone and may qualify for the state opportunity zone tax credit. Residents are responsible for all utilities.

Key Highlights

  • 16 two‑bedroom, one‑bath apartments across 4 buildings
  • Two parcels with 2 large surface lots and a large green space
  • First‑floor units configured as 4‑bed apartments with open floor plans

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Electrical Service

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

16
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

418
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

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 - Multiple buildings with two surface lots and shared green space.
Where is this apartment building located?
The property is located at 565 Ryan Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: 16 two‑bedroom, one‑bath apartments across 4 buildings; Two parcels with 2 large surface lots and a large green space; First‑floor units configured as 4‑bed apartments with open floor plans
More about this property
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