2483 Courtright Road, Columbus, OH 43232

Columbus
Local realty services provided by:ERA Real Solutions Realty
2483 Courtright Road,Columbus, OH 43232
$6,120,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: joey allen miller, zeke liston
Office: forge real estate advisors614-665-5793
MLS#:226042123
Source:OH_CBR

Price summary

  • Price:$6,120,000

About this home

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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Home facts

  • Year built:1980
  • Listing ID #:226042123
  • Added:2 day(s) ago
  • Updated:November 08, 2026 at 04:20 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1980
  • Lot area:1.46 Acres

Finances and disclosures

  • Price:$6,120,000
  • Tax amount:$119,089
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor ERA Real Solutions Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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