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New 25-Unit Apartment Building
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934 East Gay Street, Columbus, OH 43203

Newly built multifamily property with modern interiors, private balconies, on-site parking, and a 100% tax abatement through 2039.

Property Size18,230 SF
Price / SF$265.22
Days on Market130

Property Features for 934 East Gay Street

General Information

Standard status Active
Size 18,230 SF
Class A
Property subtype Multifamily
Occupancy 96%
Investment Type Value Add

Additional Details

Multifamily Units 25

Amenities

private ButterflyMX key fob access
dedicated on-site parking
private package room
elevated ceiling heights
secure bike storage
private balconies
in-unit washer & dryer

Building Details

Year Built 2023
Buildings 1
Units 27
Construction modern Colonial
Listing Agency: Colliers - Columbus, Ohio
Listed By: Cody J. Carey · License #2019002920
Source: Crexi
Added: Apr 28 Changed: Sep 2 Last Checked: Sep 2 at 8:14AM

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 Colliers - Columbus, Ohio

Investment Insights

Based on property information with market context.

Built in 2023, this 25-unit apartment property combines a modern Colonial and New England-inspired exterior with contemporary interiors, open layouts, and boutique finishes. The 18,230-square-foot asset includes private balconies, in-unit washers and dryers, elevated ceiling heights, dedicated on-site parking, secure bike storage, a private package room, and ButterflyMX key fob entry. Ownership is also adding a Peloton Room and lobby coffee machine. The property is supported by a 15-year 100% tax abatement through 2039.

Located at 934 East Gay Street in Columbus, the property is in the Olde Towne East submarket with proximity to Downtown Columbus, Nationwide Children's Hospital, OhioHealth Grant Hospital, and Columbus State Community College. Dining, entertainment, and cultural amenities are described as walkable, while neighborhood retail and ongoing residential, hospital, college, and transit investment shape the surrounding context.

Key Highlights

  • 25‑unit apartment property built in 2023
  • 18,230‑square‑foot multifamily asset
  • 15‑year 100% tax abatement through 2039

Property Analytics

Current Use

Flats On East Gay Real Estate Agency

Suggested Use

Top Pick Kitchen & Bath Showroom Building Supply Furniture & Home Goods Electrical Service (Bike/Boat/Book/etc) Store Locksmith

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

25
Residential units

Location Intelligence

Trade Area within ½ mile

1,421
Businesses Nearby

Demographics for 43203, OH

8,726
Population
5,301
Households
1.6
Avg Household Size
32
Median Age
30%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
6,233
Density / Sq Mi
$44,099
Median Household Income
$36,918
Median Earnings
$930
Median Rent
$282,100
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 - Newly built multifamily property with modern interiors, private balconies, on-site parking, and a 100% tax abatement through 2039.
Where is this apartment building located?
The property is located at 934 East Gay Street Columbus, OH.
What is the asking price?
The asking price for this property is $4,835,000.
What are key features of this property?
This property features: 25‑unit apartment property built in 2023; 18,230‑square‑foot multifamily asset; 15‑year 100% tax abatement through 2039
More about this property
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