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3677 Indianola Ave 20 Unit Apartment Building $3,337,392 CAD ($166,870 CAD/Unit) Columbus, OH 43214
Investment Highlights
- 20-unit multifamily in Clintonville, Columbus, with strong occupancy and proven rental demand.
- Current NOI of $95,883 with significant rental upside as in-place rents are below market.
- Located minutes from Downtown Columbus and major employers, supporting stable demand.
- All one-bedroom units averaging 650 SF, appealing to young professionals and students.
- Covered parking and on-site storage provide additional income opportunities for investors.
- Value-add opportunity in a walkable, highly desirable neighborhood with long-term stability.
Executive Summary
Broker of Record
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
| Price | $3,337,392 CAD | Building Class | C |
| Price Per Unit | $166,870 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 18,093 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Low-Rise | Parking Ratio | 1.66/1,000 SF |
| Price | $3,337,392 CAD |
| Price Per Unit | $166,870 CAD |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 18,093 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 1.66/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 650 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $341,107 CAD | |
| Land Assessment | $122,361 CAD | Total Assessment | $463,468 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$122,361 CAD
Improvements Assessment
$341,107 CAD
Total Assessment
$463,468 CAD
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3677 Indianola Ave
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