29 1St Ave Columbus, OH 43201
- Apartment buildings
- 4,104 SF
- 0.08 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 29 1St Ave
- Year built
- 1920
- Lot size
- 0.08 lot acres
- Property size
- 4,104 SF
- Property type
- Apartment buildings
Description
This exceptional 9-unit apartment building, located in Columbus, Ohio's vibrant Short North Arts District, presents a compelling value-add opportunity. The property, situated at 29 W 1st Ave, boasts 4,104 square feet across two stories, built in 1920. The building features eight spacious studio apartments and one one-bedroom unit, currently enjoying 100% occupancy. With below-market rents, significant upside potential exists for the next owner. The attractive brick façade and minimal common areas contribute to efficient management. The full basement provides additional storage space. The 0.08-acre lot is zoned Residential, R4. The property's prime location offers easy access to North High Street and proximity to Goodale Park, North Market, and the Columbus Convention Center. Residents enjoy walkability to numerous amenities, including restaurants, bars, art galleries, and boutiques. The strong historical occupancy and current NOI of $63,934, coupled with the value-add potential, make this a highly attractive investment at an asking price of $1,250,000. The property's APN is 010-064843. This is a rare opportunity to acquire a well-located, income-producing asset in a thriving urban neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.005
- Latitude
- 39.9801
