Do Real Estate on the Go!
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$4,500,000
-- Bed
-- Bath
--sqft
1490 Elaine Rd #1462, Columbus, OH 43227
$4,500,000
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Townhouse
Built in 1965
$-- HOA
2.26 acres lot
--/sqft
Description
CALL FOR OFFERS BY 12/12/25
This recently renovated, stabilized 40-unit asset boasts an average rent of $1,128, yet current market comparables suggest upside potential pushing monthly rents toward $1,350. The business plan centers on renovating and leasing 13 under-market units, currently leased below $1,000, to market rates approaching $1,350 upon turnover.
Compelling Renovation & Upside Potential — $700K of capital improvements modernized the buildings, and with average rents already at $1,128, there's room to renovate further and realize $250+/unit per month rent increases.
Immediate Value-Add — 13 existing units are leased below $1,000; renovation and mark t...
- Houzeo last checked: 45 Minutes ago
- Listing updated: February 6, 2026 at 12:58 pm
- Listing Provided by: Brett A Ludwig (614) 515-2995 | Verti Commercial Real Estate L (380) 215-6046
- Source: Columbus and Central Ohio Regional MLS-OH | MLS#: 225039892
Property Details
Status
Pending
Type
Townhouse
No. of Stories
-
County
City
Neighborhood
--
Year Built
1965
HOA Fees
-
Finished Area
- sqft
Lot Size
2.26 acres lot
Basement Area
- sqft
MLS Name
Columbus and Central Ohio Regional MLS
MLS Number
225039892
MLS Status
Pending
Days on Market
108
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