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    1563 Greenway Ave Columbus, OH 43203

    For Sale
    $649,900

    Columbus, OH Triplex - 3 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2025-built triplex at 1563 Greenway Avenue in Columbus, Ohio, presents a unique investment opportunity. Priced at $649,900 ($324.30/sq ft), this property boasts three units, each featuring two bedrooms and one bathroom. The open floor plans maximize space, while high-quality finishes, including quartz countertops, stainless steel appliances, and vinyl flooring, enhance the appeal. Each unit includes a private entrance and assigned parking space. The efficient design and optimal layout are ideal for maximizing rental income. With a projected rental income of $1800 per unit, this property offers significant potential for positive cash flow. Situated on a 3,920.4 square foot lot, this triplex is a rare find in the Columbus market, especially considering the scarcity of new urban multifamily construction. Expected delivery is January 2025. This property is anticipated to sell quickly.

    Property Features for 1563 Greenway Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2025
    Units
    3

    HighLights

    • New construction triplex in Columbus, OH, built in 2025.
    • Priced at $649,900 ($324.30/sq ft).
    • Three units, each with two bedrooms and one bathroom, featuring open floor plans, quartz countertops, stainless steel appliances, and vinyl flooring.
    • Each unit includes a private entrance and assigned parking.
    • Projected rental income of $1800 per unit.
    • Situated on a 3,920.4 sq ft lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -82.9606095
    Latitude
    39.9738311

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    FAQs

    What type of property is this?
    Multifamily property - Columbus, OH Triplex - 3 Units
    Where is this multifamily property located?
    The property is located at 1563 Greenway Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: New construction triplex in Columbus, OH, built in 2025.; Priced at $649,900 ($324.30/sq ft).; Three units, each with two bedrooms and one bathroom, featuring open floor plans, quartz countertops, stainless steel appliances, and vinyl flooring.
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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
    1563 Greenway Ave Columbus, OH 43203
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