Riverview Square

Riverview Square is ideally positioned in the heart of Columbus, Ohio, offering residents a rare blend of urban convenience and natural beauty. The property is just minutes from the scenic Whetstone Park of Roses and the Olentangy River Trail, providing abundant outdoor recreation opportunities. Residents also enjoy easy access to the vibrant Clintonville neighborhood, known for its eclectic dining, shopping, and entertainment options. The property’s central location places it near The Ohio State University, one of the nation’s largest public universities, as well as Columbus’ thriving downtown core. With strong demand drivers, stable rental fundamentals, and proximity to major employment, education, and lifestyle amenities, Riverview Square is exceptionally well-positioned within the dynamic Columbus market.Located in an Opportunity Zone, 515 Riverview Dr offers investors the opportunity to acquire a well-maintained, cash-flowing 24-unit multifamily property in one of Columbus' most desirable rental corridors. Spanning 16,656 square feet, this garden-style community consists entirely of one-bedroom, one-bath units, most of which have been cosmetically updated with modern, durable finishes. The property has benefited from significant recent capital improvements including structural steel repairs, concrete and epoxy work, new electrical service upgrades with dusk-to-dawn lighting, exterior painting, and a freshly sealed and striped parking lot—positioning it for long-term stability with minimal near-term maintenance needs. Currently 96% occupied (23 of 24 units), the property generates an average rent of approximately $830 per unit, with natural upside as rents continue to grow. Additionally, four units are occupied by long-term tenants, presenting an opportunity to further align rents with market rates and reduce loss-to-lease. There is also potential to implement utility sub-metering, allowing a new owner to pass-through utility costs to tenants and further improve operational efficiency.