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Driving Park Four-Unit Multifamily Property
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899 Geers Avenue, Columbus, OH 43206

Well-maintained four-unit property in the Driving Park neighborhood.

Property SizeContact for details
Days on Market167

Property Features for 899 Geers Avenue

General Information

Standard status Active
Class C
Property subtype Multifamily

Building Details

Year Built 1947
Units 4
Listing Agency: Reafco
Listed By: Remington Lyman · License #2022001862
Source: Crexi
Added: Mar 8 Changed: Aug 8 Last Checked: Aug 8 at 6:30AM

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 well-maintained four-unit property is located in the growing Driving Park neighborhood. The property features four 1-bedroom, 1-bath units. Three units are currently leased, and one unit is vacant, providing flexibility for either an owner-occupant or an investor. The property is located in an affordable workforce housing corridor with reliable rental demand. The total in-place monthly rent is $2,290 plus water reimbursements, with potential for increased rents by leasing the vacant unit and optimizing rents over time. Current rents are: Unit A: $750, Unit C: $725, and Unit D: $815. Eviction process will be initiated for the tenant in Unit D.

Key Highlights

  • Four‑unit property in the growing Driving Park neighborhood.
  • Three units currently leased, providing immediate income.
  • One vacant unit offers flexibility for owner‑occupancy or increased rental income.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Gym & Fitness Center Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

403
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Well-maintained four-unit property in the Driving Park neighborhood.
Where is this quadplex located?
The property is located at 899 Geers Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Four‑unit property in the growing Driving Park neighborhood.; Three units currently leased, providing immediate income.; One vacant unit offers flexibility for owner‑occupancy or increased rental income.
(614) 541-8475 Call to check price and availability
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