309 4Th Ave Columbus, OH 43201
This exceptional four-unit apartment building, located at 309 W 4th Avenue in Columbus, Ohio's desirable Harrison West neighborhood, presents a rare investment opportunity. Built in 1905, this charming brick building boasts a solid exterior and sits on a 1,742.4 square foot lot. Currently 100% occupied, the property offers immediate cash flow. All four units are updated and move-in ready, featuring brand new flooring, paint, countertops, and vanities throughout. Each unit includes a basement for added storage. Significant recent improvements include a brand new roof installed in 2024 and newer furnaces and air conditioning units in all four units. The property's prime location offers easy access to downtown Columbus, Ohio State University, and Grandview, making it highly attractive to renters. With an asking price of $1,650,000 and a price per square foot of $547.63, this multifamily property represents a strong value in a thriving market. The property is zoned for multifamily use and is situated in the 43201 zip code. This is an excellent opportunity for investors seeking a stable, high-return investment in a sought-after Columbus location. Further details and updates are available upon request.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.