Short North Multifamily Investment Opportunity Listing Details & Market Data

29 W 1st Ave, Columbus, OH 43201

  • For Sale $1,250,000
  • 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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Attachments

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

Contacts

broker

Peter Merkle

NAI Ohio Equities

(614) 629-5240

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (97)

  • Transit Score ®

    Good Transit (55)

  • Bike Score ®

    Biker's Paradise (93)
Powered by Walk Score ®
  • 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

  • The Rossi Bar & Kitchen

    0.06 miles

  • Arch City Tavern

    0.06 miles

  • Melt Bar & Grilled

    0.07 miles

  • SeeSaw

    0.09 miles

  • Donatos Pizza

    0.10 miles

  • Hubbard Bar and Grille

    0.11 miles

  • TownHall

    0.11 miles

  • Northstar Cafe Short North

    0.11 miles

  • Ampersand

    0.12 miles

  • The Eagle

    0.13 miles

  • Hubbard Elementary School

    0.14 miles

  • Saint Joseph Montessori School

    0.27 miles

  • Columbus Gifted Academy

    0.41 miles

  • Weinland Park Elementary School

    0.70 miles

  • Milo School

    0.92 miles

  • Ballet Met Dance Academy

    0.98 miles

  • Fort Hayes Career Center

    1.01 miles

  • Saint Patricks School

    1.03 miles

  • Saint Peters School

    1.04 miles

  • Columbus State Community College

    1.17 miles

  • The Goddard School

    1.33 miles

  • Heavenly Kids Center for Early Learning

    1.84 miles

  • Nationwide Children's Hospital Child Care Center

    2.51 miles

  • Star Kidz Learning Center

    2.79 miles

  • Teachable Moments @ Little Gems

    3.23 miles

  • Kids Kingdom Childcare and Learning Center

    3.77 miles

  • Kids Zone

    4.29 miles

  • St. Catharine Preschool

    4.50 miles

  • Bright Minds Daycare

    4.80 miles

  • Giggles and Grins

    5.81 miles

Contact Listing Broker

broker

Peter Merkle

NAI Ohio Equities

(614) 629-5240