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$ 4,290,000
Est. payment /mo
New
Columbus, OH 43202
1.53 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226041848
Year Built 1970
Annual Tax Amount $48,388
Lot Size 1.530 Acres
Lot Dimensions 1.53
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
125 W Dodridge Street is a 46-unit multifamily investment opportunity. The property offers significant value-add potential through continued unit renovations and rent growth, with renovated units already demonstrating strong rental premiums. Situated on approximately 1.53 acres, the asset benefits from below-market in-place rents, recent capital improvements, and a highly desirable university-area location. In addition to its near-term cash flow upside, the site offers long-term redevelopment potential under the Mixed-Use 2 future land use designation, including the potential for a 5-7 story mixed-use development. Investors may also have the opportunity to pursue a 15-year CRA tax abatement.
Location
State OH
Area 1.53
Zoning Mixed-Use 2
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-040247-00
Listed by Antoine Matthews The Robert Weiler Company