5-Unit Apartment
New
For Sale
$165,000
737-739 S Terrace Ave, Columbus, OH 43204
A gutted interior and completed approval work set up a five-unit residential redevelopment.
Property Size3,024 SF
Price / SF$54.56
Days on Market2
Property Features for 737-739 S Terrace Ave
General Information
Standard status
Active
Size
3,024 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Building Details
Year Built
1926
Buildings
1
Listing Agency:
Cheryl Morgan, Heart & Homepropertymanagement
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Sep 30
Last Checked: Sep 30 at 10:58AM
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 Cheryl Morgan, Heart & Homepropertymanagement
Investment Insights
Based on property information with market context.
The 3,024-square-foot apartment building dates to 1926 and has been stripped to the studs. Approved plans configure the property for five apartments: four one-bedroom, one-bath units and one two-bedroom, two-bath unit. Architectural drawings, site plans, storm plans, and zoning approvals have been completed and submitted, providing a defined scope for the build-out.
Located at 737-739 S Terrace Ave in Columbus, the property is near local transit and downtown. Nearby projects identified include a new police station, the Weston music-centered neighborhood project at the former Westland Mall, and Hilltop Rise.
Located at 737-739 S Terrace Ave in Columbus, the property is near local transit and downtown. Nearby projects identified include a new police station, the Weston music-centered neighborhood project at the former Westland Mall, and Hilltop Rise.
Key Highlights
- Approved five‑unit plan: four 1‑bedroom/1‑bath apartments and one 2‑bedroom/2‑bath apartment
- 3,024‑square‑foot building constructed in 1926
- Interior gutted to the studs
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 43204, OH
42,315
Population
19,286
Households
2.2
Avg Household Size
35
Median Age
25%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
4,502
Density / Sq Mi
$59,158
Median Household Income
$38,610
Median Earnings
$1,206
Median Rent
$170,900
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 - A gutted interior and completed approval work set up a five-unit residential redevelopment.
Where is this apartment building located?
The property is located at 737-739 S Terrace Ave Columbus, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Approved five‑unit plan: four 1‑bedroom/1‑bath apartments and one 2‑bedroom/2‑bath apartment; 3,024‑square‑foot building constructed in 1926; Interior gutted to the studs
