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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