Short North Multifamily Investment Opportunity

For Sale

29 W 1st Ave, Columbus, OH 43201

This Columbus property for sale is located at 29 W 1st Ave. The general use of Short North Multifamily Investment Opportunity is multi-family and it incorporates 4,104 square feet of class C multi-family space. The current listed sale price for Short North Multifamily Investment Opportunity is $1,250,000. Short North Multifamily Investment Opportunity is situated on a lot that is 0.08 acre in size.

Contacts

broker

Peter Merkle

NAI Ohio Equities

(614) 629-5240

Property Details

  • Property Type Multi-Family
  • Property Size 4,104 SF
  • Units 9
  • Lot Size 0.08 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1920
  • Date Updated Mar 15, 2024
29 W. 1st Avenue is located right off North High Street, nestled in the heart of the Short North Arts District. This property is situated within walking distance to many cultural attractions, trendy boutiques, art galleries, dining/entertainment establishments, and nearby parks.Located in the Short North Arts District, 29 W. First Avenue offers urban living within walking distance to cultural attractions, boutiques, art galleries, and dining. The property location provides easy access to arterial North High Street and is proximal to notable attractions, including Goodale Park, North Market and the Columbus Convention Center. The building offers eight large studio apartments and a single one-bedroom unit and is currently 100% occupied. Other features include: brick façade, full basement, and minimal common area space to maintain. Below-market rents currently in place provide upside and value-add potential for the next owner!

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Highlights

  • Located Right Off High Street in the Short North’s Historic Victorian Village Neighborhood
  • Directly Across from the new Sutton Apartments
  • 9 Total Units: Eight Large Studios & A One-Bedroom Unit
  • 100% Occupied with Extremely Strong Historical Occupancy
  • Below-Market Rents Provide Upside For the Next Owner
  • Attractive Brick Façade
  • Full Basement
  • Minimal Common Areas & Small Site to Maintain
  • Value-Add Potential
  • Walkable to Countless Amenities the Short North Offers, Including: Bars, Restaurants, Shopping, Art Galleries & Goodale Park

Attachments

Getting around

  • 97/100

    Walk Score ®

  • 55/100

    Transit Score ®

  • 93/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Columbus, OH
  • Neighborhood Short North
  • Zip Code 43201
  • Market Columbus

Points of Interest

  • Tesla Supercharger

    0.45 miles

  • BP

    0.45 miles

  • Marathon

    1.02 miles

  • Exxon

    1.07 miles

  • GetGo

    1.22 miles

  • BP

    1.23 miles

  • Speedway

    1.25 miles

  • Sunoco

    1.28 miles

  • Shell

    1.49 miles

  • Sunoco

    1.67 miles

  • Joseph Garage

    0.33 miles

  • Eden Alley Lot

    0.37 miles

  • North Market Parking

    0.56 miles

  • Arena Crossing Lot

    0.60 miles

  • Columbus Convention Center - Vine Street Garage

    0.62 miles

  • Vine East Lot

    0.65 miles

  • Guest Parking

    0.67 miles

  • Nationwide Arena Garage

    0.69 miles

  • McConnell Garage

    0.75 miles

  • 28-S

    0.86 miles

  • Moxy

    0.11 miles

  • Graduate Columbus

    0.18 miles

  • Le Meridien Columbus, The Joseph

    0.35 miles

  • AC Hotel Columbus Downtown

    0.49 miles

  • Hampton Inn & Suites Columbus Downtown

    0.53 miles

  • Hilton Columbus Downtown

    0.64 miles

  • Harrison House

    0.70 miles

  • Hyatt Regency Columbus

    0.73 miles

  • Drury Inn & Suites Columbus Convention Center

    0.76 miles

  • Sonesta Columbus Downtown

    0.80 miles

  • Kroger

    0.65 miles

  • The Hills Market Downtown

    1.23 miles

  • Market District - Grandview Yard

    1.29 miles

  • Target

    1.46 miles

  • Marshalls

    1.49 miles

  • Target

    1.53 miles

  • Soussy Market

    1.63 miles

  • Ohio Stater Mall

    1.70 miles

  • Kroger

    2.10 miles

  • Big Lots

    2.22 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Peter Merkle

NAI Ohio Equities

(614) 629-5240