Matthews Logo

Navigation Menu

3677 INDIANOLA AVE, Columbus, OH, 43214

3677 Indianola Ave
$2,400,000

Key Information

Tot. SF
16,610
Lot Size
0.33 Acres
$ per unit
$120,000
Units
20
Year Built
1966
Type
Apartments
NOI
$95,883

Highlights

  • Prime Clintonville Location: Well-positioned multifamily asset located at 3677 Indianola Ave in the heart of the highly desirable Clintonville neighborhood, one of Columbus’ most sought-after rental markets known for its walkability, strong demographics, and consistent tenant demand.
  • Efficient One-Bedroom Unit Mix: The property is comprised entirely of one-bedroom units, a highly liquid and desirable product type that appeals to young professionals, students, and individuals seeking housing in a premier north Columbus location.
  • Strong Occupancy & Proven Performance: The property benefits from consistently strong occupancy, demonstrating the depth of renter demand in Clintonville and providing stable in-place cash flow for investors.
  • Significant Rental Upside: Current in-place rents remain below market levels for the Clintonville submarket, presenting a clear opportunity to increase revenue through natural tenant turnover and strategic rent adjustments.
  • Additional Income Opportunities: The property features on-site storage units that can generate supplemental income, creating an additional revenue stream beyond traditional rental income.
  • Covered Parking Amenity: Residents benefit from covered parking spaces, a valuable amenity in the Clintonville market that enhances tenant appeal and provides the potential for additional fee-based income.
  • Compelling Investment Opportunity: With its premium location, strong occupancy, and multiple avenues for income growth, the property offers investors a compelling value-add opportunity with long-term stability in one of Columbus’ most established neighborhoods.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113