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Property profile & analytics
OFF-MARKET
Apartment buildings

9-11-15 Norwich Ave Columbus, OH 43201

Built 1915
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1915
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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