464-482 E Norwich Avenue, Columbus, OH 43201
$2,100,000



















































Property Type:
Multi-Family
Lot Size (sq. ft.):
24,829
Status:
Active
Current Price:
$2,100,000
List Date:
6/04/2025
Last Modified:
6/04/2025
Description
Norwich Court Apartments is a 20-unit multifamily property located in Columbus's highly desirable University District, just minutes from The Ohio State University. The unit mix consists of 12 one-bedroom/one-bath apartments and 8 two-bedroom/one-bath townhome-style units, catering to steady demand in this well-established rental market. The property currently generates $16,945 per month in rental income, with four vacant units offering immediate lease-up upside and the potential to further increase cash flow. Originally built in 1956 and well maintained, recent improvements include a newly paved front parking lot completed in 2023, enhancing both curb appeal and tenant convenience. Additional amenities such as on-site laundry facilities add to the property's renter appeal. With a prime location, consistent income, and operational upside, Norwich Court presents a compelling investment opportunity in one of Columbus's most proven and stable submarkets.
Supplements: ********
More Information MLS# 225019919
Location Property Info
Original List Price: 2100000
List Price: $2,100,000
Property Sub Type: Flat
Street #: 464-482
Street PreDirection: E
Street Name: Norwich
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43201
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2025-06-04
General Property Info
Number of Units: 20
Total Parking: 19
Building Sqft: 12096
Year Built: 1956
Built Prior to 1978: Yes
Acreage: 0.57
Tax Info
Parcel #: 010-036824
Tax Year: 2024
Tax Abatement: No
Taxes (Yrly): 44073
1 Bedroom
1 Bedroom # of Units: 12
2 Bedroom
2 Bedroom # of Units: 8
Auction Info
Auction/Online Bidding Y/N: No
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Water
Tenant Pays: Electricity; Gas
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air; Window Unit(s)
Construction: Frame
Sewer: Public Sewer
Miscellaneous: Basement
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Verti Commercial Real Estate L
Listing Agent: Zeke Liston
Last Updated: June - 04 - 2025
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