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    309 4Th Ave Columbus, OH 43215

    For Sale
    $1,650,000

    Four-unit apartment building, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional four-unit apartment building at 309 W 4th Avenue in Columbus, Ohio, presents a rare investment opportunity. Located in the desirable Harrison West neighborhood, this property boasts a prime location near downtown Columbus, Ohio State University, and Grandview, offering convenient access to a variety of amenities and attractions. Built in 1905, the building features a charming and solid brick exterior. All four units are updated and move-in ready, currently 100% occupied, ensuring immediate rental income. Each unit includes a basement, adding valuable storage space for tenants. Recent renovations include all-new flooring, paint, countertops, and vanities throughout. Significant upgrades also include a brand-new roof installed in 2024 and newer furnaces and air conditioning units in all four units. The property sits on a 1,742.4 square foot lot and is offered at an asking price of $1,650,000, translating to $280.56 per square foot. This meticulously maintained multifamily property represents a strong investment with excellent potential for long-term growth and profitability. Detailed renovation records are available upon request. Don't miss this chance to acquire a highly sought-after multifamily asset in a thriving Columbus neighborhood.

    Property Features for 309 4Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1905
    Units
    4

    HighLights

    • Four‑unit apartment building in desirable Harrison West, Columbus, OH.
    • Prime location near downtown, Ohio State University, and Grandview.
    • 100% occupied, generating immediate rental income.
    • Recently renovated with new flooring, paint, countertops, vanities, roof, furnaces, and AC units.
    • 1,742.4 sq ft lot; Asking price: $1,650,000 ($280.56/sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0092803
    Latitude
    39.9602601

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 309 4Th Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Four-unit apartment building in desirable Harrison West, Columbus, OH.; Prime location near downtown, Ohio State University, and Grandview.; 100% occupied, generating immediate rental income.
    Request Owner's contact information
    309 4Th Ave Columbus, OH 43215
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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
    309 4Th Ave Columbus, OH 43215
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