Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    571-575 City Park Ave Columbus, OH 43215

    For Sale
    $850,000

    Historic Charm, Updated 4-Unit Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional four-unit apartment building, located at 571-575 City Park Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1900 and extensively renovated in 2022, this historic brick structure boasts a prime location offering excellent views of the downtown skyline. The property sits on a 3,484.8 square foot lot and is priced at $850,000, translating to $281.08 per square foot. The building comprises a mix of unit sizes, including two two-bedroom units and two one-bedroom units, providing flexibility for long-term or short-term rental strategies. The 2022 renovation encompassed a complete overhaul of all four units, including the installation of new mechanical systems, fixtures, appliances, flooring, and fresh paint. This turnkey property is ready for immediate occupancy and offers a strong potential for rental income. Its convenient location and updated condition make it an attractive investment for both seasoned and new investors seeking a well-maintained multifamily property in a desirable Columbus neighborhood. The property's zip code is 43215, and it is situated in Franklin County.

    Property Features for 571-575 City Park Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built/Renovated
    1900/2022
    Units
    4

    HighLights

    • $850,000 asking price.
    • Four‑unit apartment building in Columbus, OH.
    • Recently renovated in 2022 with new mechanicals, fixtures, appliances, flooring, and paint.
    • Features two 2‑bedroom units and two 1‑bedroom units.
    • Located on a 3,484.8 sq ft lot at 571‑575 City Park Avenue, Columbus, OH 43215.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9967751
    Latitude
    39.9505882

    Nearby Similar for Sale

    • $3,395,000
      30,746 SF

      Renovated, Temperature-Controlled Commercial Building

      Fully renovated, temperature-controlled commercial building near Downtown Columbus.
      1025 E 5Th Ave, Columbus, OH 43201
      View Details
    • $279,900
      0.11 Acres

      Columbus Duplex Investment Opportunity

      Duplex near downtown, Crew Stadium, and Ohio State University.
      2433 N 4Th St, Columbus, OH 43202
      View Details
    • New
      $279,000
      0.15 Acres

      Historic Brick Duplex in Columbus

      Four-bedroom duplex in Old Oaks neighborhood, sold as-is.
      631-633 S Champion Ave, Columbus, OH 43205
      View Details
    • New
      $217,500
      0.15 Acres

      Columbus Duplex with Renovation Potential

      2,340 sq ft duplex in Mt. Vernon neighborhood.
      515-517 N Champion Ave, Columbus, OH 43203
      View Details
    • $750,000
      0.10 Acres

      Updated Duplex Near Children's Hospital

      Updated duplex with modern finishes, ideal for investors or owner-occupants.
      240-242 S 18Th St, Columbus, OH 43205
      View Details
    • $600,000
      0.11 Acres

      Olde Towne East Duplex

      Duplex in vibrant neighborhood with hardwood floors and modern amenities.
      395-397 Stoddart Ave, Columbus, OH 43205
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Historic Charm, Updated 4-Unit Building
    Where is this multifamily property located?
    The property is located at 571-575 City Park Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price.; Four-unit apartment building in Columbus, OH.; Recently renovated in 2022 with new mechanicals, fixtures, appliances, flooring, and paint.
    Request Owner's contact information
    571-575 City Park Ave Columbus, OH 43215
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    571-575 City Park Ave
    Columbus, OH 43215
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    571-575 City Park Ave Columbus, OH 43215
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.