This is an opportunity to acquire three value-add multifamily communities in Columbus offered as a package at $6,120,000 ($68,764 per unit), a $35,000 discount to the combined individual prices. Pine Hill Townhomes (32 units), Melrose Manor (33 units), and Village on Courtright (24 units) total 89 units, 86.5% occupied (77 of 89), with combined T-12 NOI of $519,884 (8.49% cap). In-place rents sit below market at all three, and the 12 vacant units represent $11,770 per month at market, with roughly $10,000 per month more available on occupied units through turnover and renewals. RUBS or utility income is in place at all three. Located in southeast and northeast Columbus with access to I-270, I-70, and the Cleveland Avenue and US-40 corridors. An opportunity to acquire 89 units under one ownership with in-place cash flow and a clear path to higher rents.
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Around this home
Schools
K - 12
Preschool & daycare
Easthaven Elementary School
Public PreK-5 • Assigned • 0.5mi
5/10
Yorktown Middle School
Public 6-8 • Assigned • 3.2mi
3/10
Independence High School
Public 9-12 • Assigned • 2.3mi
2/10
Provided by GreatSchools
About
Glenbrook
Glenbrook, located between I-71 and Cleveland Avenue, is a residential and commuter Columbus neighborhood with mid-century ranch streetscapes and pockets of mature tree canopy. The neighborhood’s energy concentrates around the Cleveland Avenue corridor near E. Cooke Road, where auto shops, carryouts, and small storefronts set a practical, everyday rhythm. Nearby, the Ohio History Center anchors local culture with galleries and rotating exhibits. The Franklin Park Conservatory and Botanical Gardens adds a greenhouse-and-gardens counterpoint to the area’s straightforward architecture. Alum Creek Trail and nearby greenways shape an outdoors-forward routine, while quick routes toward Linden and Easton keep the geography connected.
Provided by Walk Score and Local Logic
Market insights
2483 Courtright Rd · $6,120,000
DAYS ON MARKET
1 days
The average home goes pending in 120 days.
SALE-TO-LIST
97.0%
Most homes are selling 3% below list price.
LIST PRICE
$6,120,000
Median sale price in this area is $334,319. (95% lower than this home)
PRICE DROP
0 price drops
21% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Bedroom
Heating & cooling
Forced-air heating
Cooling available
Home design
Townhouse
Construction
Built in 1980
Financial info
89 units
Electricity and solar
View estimated energy costs and solar savings for this home
Investors look at this one ! Priced to sell ! 6 all brick blgs - 4 units per bldg. Needs some TLC. Perfect for owner/investor. All bldgs are structurally sound. Res mgr on premise. 10 vacant units. Selling AS IS . All buyers must be preapproved.
CBRMLS #2126046
Dec 14, 2001
Listing Removed
—
Aug 15, 2001
Listed
$639,000
CBRMLS #9910833
Oct 10, 1999
Listing Removed
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Apr 21, 1999
Listed
$649,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Townhouse
County
Franklin County
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Last updated by owner on Dec 13, 2024.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Columbus, OH • 43232
Average low and high temperatures (°F)
32
17
41
25
60
39
69
47
71
53
84
65
87
69
82
63
82
58
67
48
54
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42
28
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Sun exposure
83/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Columbus. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2483 Courtright Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $316,900 and $625,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $317K to $625K.