602 Town St Columbus, OH 43215
- Commercial real estate
- 12,702 SF
- 0.74 lot acres
Current Use by Public Records
- Columbus Apartment Finders / Apartment Building
Property Details for 602 Town St
- Year built
- 1932
- Lot size
- 0.74 lot acres
- Property size
- 12,702 SF
- Property type
- Commercial real estate
- APN
- 010-026431-00
Description
This exceptional investment opportunity presents a 14-unit apartment building located at 602 E Town St, Columbus, OH 43215, in Franklin County. The property, built in 1932, boasts 12,702 square feet on a 0.74-acre lot (APN: 010-026431-00) and is zoned DD. Currently featuring 14 units, this two-story building offers significant upside potential with approved plans for an additional 24 units. The existing units provide below-market rents, creating a strong value-add opportunity for immediate income generation while the new construction proceeds. A key amenity is the underground parking available for residents. The property's prime location minutes from downtown Columbus, within a thriving submarket popular with young professionals, ensures strong occupancy and rental demand. The asking price is $2,650,000 ($208.63/sq ft, $189,285.71/unit). This is a rare chance to acquire a multifamily property with immediate income and substantial future growth potential.
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
- -82.9837754
- Latitude
- 39.9609125
