Contacts
RealINSIGHT Marketplace
Property Details
- Property Type Multi-Family
- Units 350
- Parking Spaces Avail. 310
- Parking Ratio 0.98 / 1,000 SF
- Year Built 1962
- Date Updated May 14, 2026
350 UNITS WITH EXCELLENT VALUE-ADD UPSIDE MINUTES FROM OHIO STATE UNIVERSITY & DOWNTOWN COLUMBUS, OH
Subject to Court Authorization to Conduct Auction
Investment Highlights:
- Primed for Value-Add Upside: All 350 units are unrenovated with tile floors, laminate countertops, oak cabinets, and white appliances
- Clear Path to Add Value: The top of the competitive set renovated units with modern white cabinets, higher-end laminate countertops, and hardwood-style floors to achieve average rents of $1,062/unit
- 96% Average Occupancy in Columbus: Very stable market with increasing demand
- Excellent Long-Term Outlook: Net migration, income growth, & great employment base
- Close to Major Employers: Ohio State University, the Ohio State Government, & large hospitals
Offering Summary:
Colliers and RI Marketplace are pleased to present Galloway Village, 350 units primed for an immediate value-add execution located only 10 minutes from Ohio State University (67,250 students and 41,000+ jobs). All 350 units are unrenovated featuring tile floors, oak cabinets, laminate countertops, and white appliances. A comprehensive renovation program including hardwood-style floors, backsplash, modern cabinets, higher-end laminate countertops, and black or stainless steel appliances unlocks substantial annual revenue and helps boost the property to a higher-income demographic.New ownership will leverage excellent multifamily fundamentals in Columbus including strong demand (96% average occupancy), positive net migration, accelerating rent growth, and close proximity to Ohio State University and the Ohio State Government to time value-add improvements perfectly and quickly push top-line revenue.
Reach out to the broker for more info on lease terms and amenities
Getting around
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70/100
Walk Score ®
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51/100
Bike Score ®
Location
- City Columbus, OH
- Neighborhood Lincoln Village
- Zip Code 43228
- Market Columbus
Points of Interest
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Sunoco
0.21 miles
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GetGo
0.22 miles
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Speedway
0.23 miles
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Thorntons
0.24 miles
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Mobil
1.23 miles
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Circle K
1.24 miles
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Kroger
1.26 miles
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sheetz
1.43 miles
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Marathon
1.58 miles
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Tesla Supercharger
6.46 miles
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Westwoods Park & Ride
0.93 miles
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bus parking
1.26 miles
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Broad & Southampton Park & Ride
2.26 miles
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Renner Road Park and Ride
2.29 miles
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Spindler Sports Complex Parking
3.20 miles
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West Broad Church of the Nazarene
3.65 miles
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Darby Dan Hangar Parking
3.87 miles
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Hilliard Park & Ride
5.33 miles
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Hilliard Methodist Church Park & Ride
5.33 miles
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Griggs Dam Park & Ride
5.37 miles
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Red Roof Inn & Suites Columbus West Broad
0.47 miles
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New Rome Motel
0.54 miles
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Super 8
1.61 miles
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Super 8 Columbus West
1.61 miles
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Home2 Suites By Hilton Columbus West
1.66 miles
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Motel 6 Columbus West
1.83 miles
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Holiday Inn Columbus-Hilliard
1.84 miles
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Best Western Suites
1.84 miles
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America's Best Value Inn
1.85 miles
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Country Inn & Suites
1.88 miles
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Giant Eagle
0.14 miles
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Save-A-Lot
0.15 miles
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Big Lots
0.80 miles
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ALDI
0.88 miles
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Mindnimo Mall
1.04 miles
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West Marketplace
1.07 miles
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La Plaza Tapatia
1.08 miles
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Sunrise International Market
1.21 miles
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Kroger
1.36 miles
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Walmart Supercenter
2.02 miles
RealINSIGHT Marketplace
