602 Town StColumbus, OH 43215

Property Details for 602 Town St

Year built

1932

Lot size

0.74 AC

Property size (Sq ft)

12,702 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a 14-unit apartment building located at 602 E Town St, Columbus, OH 43215, in Franklin County. The property, built in 1932, boasts 12,702 square feet on a 0.74-acre lot (APN: 010-026431-00) and is zoned DD. Currently featuring 14 units, this two-story building offers significant upside potential with approved plans for an additional 24 units. The existing units provide below-market rents, creating a strong value-add opportunity for immediate income generation while the new construction proceeds. A key amenity is the underground parking available for residents. The property's prime location minutes from downtown Columbus, within a thriving submarket popular with young professionals, ensures strong occupancy and rental demand. The asking price is $2,650,000 ($208.63/sq ft, $189,285.71/unit). This is a rare chance to acquire a multifamily property with immediate income and substantial future growth potential.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9609

Longitude

-82.9838

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