For Sale
$1,500,000

59-63 Russell St Columbus, OH 43215

Four updated units, prime Short North location.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a portfolio of four fully renovated, two-bedroom units situated in the heart of Columbus' vibrant Short North Arts District. Located just one block from the Short North's core, this property boasts unparalleled convenience and walkability to numerous restaurants, shops, and entertainment venues including Marcellas, The Guild House, and Hyde Park. The property is also within easy walking or biking distance of the Convention Center, Arena District, and Goodale Park. Built in 1900 and extensively renovated between 2022 and 2024, this Class A multifamily property comprises two buildings, each two stories high, totaling 4,806 square feet of net rentable space. Each unit features upscale finishes including quartz and granite countertops, high-end appliances and cabinetry, beautiful wood floors, stylish brick accent walls, custom showers, and in-unit stackable washer/dryers. Private patios and yards add to the appeal. Currently operating at 100% occupancy, with the lease expiration date of October 15, 2024, this property presents a strong cash flow potential. The property is zoned C4 - Commercial, offering flexibility for future uses. The asking price for this turnkey investment is $1,500,000. This is a rare opportunity to acquire a meticulously maintained, high-demand rental property in one of Columbus' most desirable neighborhoods.

Highlights

  • Four-unit multifamily property ideal for Airbnb or rental portfolio.
  • Prime Short North location, one block from major attractions.
  • Four fully remodeled 2-bedroom units with upscale finishes.
  • Each unit features quartz/granite kitchens, high-end appliances, wood floors, and private patios/yards.
  • All units are move-in ready.

Property Details for 59-63 Russell St

Property type
Residential income homes
Square Feet
4,806 SF
Class
A
Year Built/Renovated
1900/2022
Buildings
2
Stories
2
Units
4

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9756545
Longitude
-83.0015575

FAQs

What type of property is this?
Residential income home - Four updated units, prime Short North location.
Where is the residential income home located?
The property is located at 59-63 Russell St Columbus, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four-unit multifamily property ideal for Airbnb or rental portfolio.; Prime Short North location, one block from major attractions.; Four fully remodeled 2-bedroom units with upscale finishes.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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59-63 Russell St
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