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Olentangy Terrace 4577 Olentangy River Rd 52 Unité Immeuble d’appartements À vendre Columbus, OH 43214
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Faits saillants de l'investissement
- 4575 Olentangy River Road • 1,450 +/- SF • Single-Family Residence • Built in 1955
- Prime opportunity to develop an additional 24 apartment units
- Asking Price Negotiable
- 4577 Olentangy River Road • 65,894 +/- SF • Three-Story Apartment Building • 52 Units • Built in 1970
- A compelling investment opportunity in the Columbus multifamily market
- Interested parties are requested to submit offers by Wednesday, September 2, 2026, at 5:00 PM EST
Résumé de l'annonce
Olentangy Terrace is a 53-unit multifamily community located in one of Columbus’ most desirable and supply-constrained rental corridors. 35 of the property’s 53 apartment
homes have been renovated, of which 19 are “Full Reno” and 16 and “Mid Reno”. Full reno have granite counter tops in the kitchen and bath as well as tile surround bath,
electrical, plumbing, fixtures, flooring, baseboards. The Mid reno has original cabinets and counters have all the updates except cabinets. o Since acquisition in 2023,
ownership has invested $965,673 in capital improvements at Olentangy Terrace. The interior renovation program touched 44 of 52 apartment units plus the single-family house; 18 full renovations, 16 mid-level renovations, and 10 classic-plus refreshes featuring granite countertops, premium LVP flooring, new cabinetry, lighting, and hardware packages. Building systems work included HVAC replacements, upgraded electrical panels throughout the property, new windows, common-area plumbing upgrades, and new appliance packages. Ownership also added a fitness center and package room, refreshed the laundry and common areas, and completed asphalt, exterior paint, and lighting improvements. The heavy capital work is complete, leaving the next owner a substantially de-risked asset with upside concentrated in lease-up and rent growth rather than construction. A significant differentiator is the opportunity to develop an additional 24 apartment units on the property’s excess land, creating a compelling avenue for future value creation and increased scale. This expansion potential, combined with the remaining renovation program, offers investors multiple opportunities to enhance returns. The property offers convenient access to State Route 315, providing seamless connectivity to Downtown Columbus and many of Central Ohio’s most sought-after neighborhoods, including Dublin, Upper Arlington, and Grandview Heights. Residents also benefit from proximity to major employment centers, The Ohio State University, premier healthcare systems, shopping, dining, and recreational amenities, supporting strong and consistent rental demand. With a combination of proven renovation success, meaningful remaining value-add potential, the opportunity to develop 24 additional units, and an exceptional location with outstanding regional connectivity, Olentangy Terrace presents a compelling investment opportunity in the Columbus multifamily market. CALL FOR OFFERS Interested parties are requested to submit offers by Wednesday, September 2, 2026, at 5:00 PM EST. The seller reserves the right to accept an offer prior to the deadline, reject any or all offers, or modify the offering process at its sole discretion.
homes have been renovated, of which 19 are “Full Reno” and 16 and “Mid Reno”. Full reno have granite counter tops in the kitchen and bath as well as tile surround bath,
electrical, plumbing, fixtures, flooring, baseboards. The Mid reno has original cabinets and counters have all the updates except cabinets. o Since acquisition in 2023,
ownership has invested $965,673 in capital improvements at Olentangy Terrace. The interior renovation program touched 44 of 52 apartment units plus the single-family house; 18 full renovations, 16 mid-level renovations, and 10 classic-plus refreshes featuring granite countertops, premium LVP flooring, new cabinetry, lighting, and hardware packages. Building systems work included HVAC replacements, upgraded electrical panels throughout the property, new windows, common-area plumbing upgrades, and new appliance packages. Ownership also added a fitness center and package room, refreshed the laundry and common areas, and completed asphalt, exterior paint, and lighting improvements. The heavy capital work is complete, leaving the next owner a substantially de-risked asset with upside concentrated in lease-up and rent growth rather than construction. A significant differentiator is the opportunity to develop an additional 24 apartment units on the property’s excess land, creating a compelling avenue for future value creation and increased scale. This expansion potential, combined with the remaining renovation program, offers investors multiple opportunities to enhance returns. The property offers convenient access to State Route 315, providing seamless connectivity to Downtown Columbus and many of Central Ohio’s most sought-after neighborhoods, including Dublin, Upper Arlington, and Grandview Heights. Residents also benefit from proximity to major employment centers, The Ohio State University, premier healthcare systems, shopping, dining, and recreational amenities, supporting strong and consistent rental demand. With a combination of proven renovation success, meaningful remaining value-add potential, the opportunity to develop 24 additional units, and an exceptional location with outstanding regional connectivity, Olentangy Terrace presents a compelling investment opportunity in the Columbus multifamily market. CALL FOR OFFERS Interested parties are requested to submit offers by Wednesday, September 2, 2026, at 5:00 PM EST. The seller reserves the right to accept an offer prior to the deadline, reject any or all offers, or modify the offering process at its sole discretion.
Faits sur la propriété
| Type de vente | Investissement | Taille du lot | 3,01 AC |
| Nombre d’unités | 52 | Taille du bâtiment | 65 894 pi² |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 3 |
| Sous-type de propriété | Appartement | Année de construction | 1970 |
| Style d’appartement | De faible hauteur | Zone de développement économique |
Oui
|
| Classe d’immeuble | B |
| Type de vente | Investissement |
| Nombre d’unités | 52 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 3,01 AC |
| Taille du bâtiment | 65 894 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1970 |
| Zone de développement économique |
Oui |
Commodités
Commodités des unités
- Climatisation
- Lave-vaisselle
- Traitement des déchets
- Chauffage
- Planchers de tuiles
- Cuisine
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Fourchette
- Walk-in
- Tapis
Commodités du site
- Accès 24 heures
- Installations de lessive
- Gestionnaire d'immeuble sur place
- Entretien sur place
- Transport en commun
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 16 | - | 750 |
| 2+1 | 36 | - | 1 100 |
1 1
Moyennement accessible à pied
60/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 010-226176 | Évaluation des bâtiments | 1 288 816 $ CAD |
| Évaluation du terrain | 320 429 $ CAD | Évaluation totale | 1 609 245 $ CAD |
Impôts fonciers
Numéro de lot
010-226176
Évaluation du terrain
320 429 $ CAD
Évaluation des bâtiments
1 288 816 $ CAD
Évaluation totale
1 609 245 $ CAD
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Olentangy Terrace | 4577 Olentangy River Rd
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