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    374 Wilson Ave Columbus, OH 43205

    For Sale
    $875,000

    Two-unit building, high-potential, C4 zoning.

    Property size:
    5,427 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 2-unit multifamily property located at 374 Wilson Avenue, Columbus, Ohio, 43205. The property, built in 1902 and renovated in 1961, boasts a total square footage of 5,427 across one building, situated on a 4,791.6 square foot lot (APN: 010-039221). Currently configured as a duplex/triplex/quadruplex, the property offers significant upside potential. The asking price is $875,000. The property is zoned C4 commercial, providing flexibility for various uses. The building requires substantial renovation or a complete rebuild to realize its full potential. The current layout features a finished upper unit and an unfinished lower unit. A key advantage is the property's prime location at the corner of East Main Street and Wilson Avenue, with the Main Street frontage included in the sale. This location places the property within an Opportunity Zone, offering potential tax advantages for investors. The property's substantial size and strategic location make it an ideal candidate for redevelopment or substantial renovation, catering to a range of commercial or residential uses. This is a rare chance to acquire a property with significant potential in a rapidly developing area of Columbus.

    Property Features for 374 Wilson Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,427 SF

    Building Details

    Year Built/Renovated
    1902/1961
    Buildings
    1
    Units
    2

    HighLights

    • Exceptional investment opportunity: 2‑unit multifamily property at 374 Wilson Avenue, Columbus, OH 43205.
    • 5,427 sq ft building on a 4,791.6 sq ft lot (APN: 010‑039221), built in 1902, renovated in 1961.
    • $875,000 asking price.
    • C4 commercial zoning allows for flexible use.
    • Requires substantial renovation or rebuild; features a finished upper and unfinished lower unit.
    • Prime corner location at East Main Street and Wilson Avenue, including Main Street frontage; located in an Opportunity Zone.
    Property Profile 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
    -82.9663909
    Latitude
    39.9582819

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit building, high-potential, C4 zoning.
    Where is this multifamily property located?
    The property is located at 374 Wilson Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 2-unit multifamily property at 374 Wilson Avenue, Columbus, OH 43205.; 5,427 sq ft building on a 4,791.6 sq ft lot (APN: 010-039221), built in 1902, renovated in 1961.; $875,000 asking price.
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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
    374 Wilson Ave Columbus, OH 43205
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