9-11-15 Norwich AveColumbus, OH 43201

For Sale
$1,000,000

Three-unit apartment building near OSU

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • $1,000,000 asking price for this three-unit apartment building.
  • Multifamily property with three units, classified as an apartment building/duplex/triplex/quadruplex.
  • $264.27 price per square foot.
  • Built in 1915, situated on a 3,484.8 sq ft lot.
  • Located at 9-11-15 E Norwich Avenue, Columbus, OH 43201, near Ohio State University.
  • Currently fully occupied with leases expiring July 31st, generating $990/month per unit in rental income.

Property Details for 9-11-15 Norwich Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1915
Units
3

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.0071064
Longitude
-83.0083104
9-11-15 Norwich Ave, Columbus, Ohio

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9-11-15 Norwich Ave
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