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    847 Ogden Ave Columbus, OH 43204

    Sponsored
    For Sale
    $50,000

    Columbus, OH investment opportunity. R4 Zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,534 square foot lot, located at 847 S Ogden Avenue in Columbus, Ohio (zip code 43204), presents a prime opportunity for multifamily development. Currently zoned R4, this property is ideally suited for the construction of a new multi-family structure. All city utilities are readily available for connection, eliminating significant upfront infrastructure costs and expediting the construction process. The asking price for this ready-to-build lot is $50,000. This represents a compelling investment opportunity for both seasoned developers looking to expand their portfolios and those seeking to enter the lucrative Columbus real estate market. The property's location in Franklin County offers convenient access to various amenities and transportation networks. The existing zoning and utility infrastructure significantly reduce development hurdles, making this a low-risk, high-reward venture. This is a turnkey opportunity to capitalize on the strong demand for multifamily housing in the Columbus area. Don't miss this chance to acquire a highly desirable development site in a thriving market. The address is officially listed as 847-849 S. Ogden Avenue.

    Property Features for 847 Ogden Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • 6,534 SF lot in Columbus, OH (43204) ideal for multifamily development.
    • R4 zoning allows for multifamily construction.
    • All city utilities available, minimizing upfront infrastructure costs.
    • Asking price: $50,000.
    • Located at 847‑849 S. Ogden Avenue, Franklin County, offering convenient access to amenities and transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0699999
    Latitude
    39.937473

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    FAQs

    What type of property is this?
    Multifamily property - Columbus, OH investment opportunity. R4 Zoning.
    Where is this multifamily property located?
    The property is located at 847 Ogden Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: 6,534 SF lot in Columbus, OH (43204) ideal for multifamily development.; R4 zoning allows for multifamily construction.; All city utilities available, minimizing upfront infrastructure costs.
    Request Owner's contact information
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    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
    847 Ogden Ave Columbus, OH 43204
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