9-11-15 Norwich Ave Columbus, OH 43201
This exceptional three-unit apartment building, located at 9-11-15 E Norwich Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1915, this property sits on a 3,484.8 square foot lot and is currently generating income with all three units rented at $990 per month, leases expiring July 31st. The asking price is $1,000,000, translating to a price per square foot of $264.27. Its prime location just north of Lane Avenue, in close proximity to The Ohio State University campus, offers significant potential for future growth and development. The property is zoned commercial, providing flexibility for potential future uses. While no rezoning inquiries have been made, the location and zoning present a compelling case for exploring development options. The property is currently generating strong rental income, making it an attractive investment for both seasoned and new investors. Please note that tenants should not be disturbed. This is a rare opportunity to acquire a well-located, income-producing property with significant upside potential in a thriving Columbus neighborhood. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.