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Olentangy Terrace 4577 Olentangy River Rd Immeuble residentiel 52 lots À vendre Columbus, OH 43214
Certaines informations ont été traduites automatiquement.
Informations principales sur 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 16, 2026, at 5:00 PM EST
Résumé analytique
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 16, 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 16, 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.
Informations sur l’immeuble
| Type de vente | Investissement | Surface du lot | 1,22 ha |
| Nb de lots | 52 | Surface de l’immeuble | 6 122 m² |
| Type de bien | Immeuble residentiel | Nb d’étages | 3 |
| Sous-type de bien | Appartement | Année de construction | 1970 |
| Style d’appartement | De faible hauteur | Zone de développement économique [USA] |
Oui
|
| Classe d’immeuble | B |
| Type de vente | Investissement |
| Nb de lots | 52 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Surface du lot | 1,22 ha |
| Surface de l’immeuble | 6 122 m² |
| Nb d’étages | 3 |
| Année de construction | 1970 |
| Zone de développement économique [USA] |
Oui |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Lave-vaisselle
- Broyeur d’ordures
- Chauffage
- Sols carrelés
- Cuisine
- Réfrigérateur
- Four
- Électroménager en acier inoxydable
- Cuisinière
- Dressing
- Moquette
Caractéristiques du site
- Accès 24 h/24
- Laverie
- Property Manager sur place
- Entretien sur site
- Transports en commun
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 16 | - | 70 |
| 2+1 | 36 | - | 102 |
1 1
Moyennement praticable à pied
60/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Moyennement praticable en vélo
60/100
Taxes foncières
| Numéro de parcelle | 010-226176 | Évaluation des aménagements | 787 904 € |
| Évaluation du terrain | 195 891 € | Évaluation totale | 983 796 € |
Taxes foncières
Numéro de parcelle
010-226176
Évaluation du terrain
195 891 €
Évaluation des aménagements
787 904 €
Évaluation totale
983 796 €
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Olentangy Terrace | 4577 Olentangy River Rd
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