Seller's Agent in 2025
Zeke Liston
Red 1 Realty
(740) 509-3053
1 in this area
196 Total Sales
515 Riverview Dr Columbus, OH 43202
Riverview Neighborhood
--
Bed
--
Bath
16,656
Sq Ft
7,405
Sq Ft Lot
About This Home
As of October 2025Located in an Opportunity Zone, 515 Riverview Drive offers investors the opportunity to acquire a well-maintained, cash-flowing 24-unit multifamily property in one of Columbus' most desirable rental corridors. Spanning 16,656 square feet, this garden-style community consists entirely of one-bedroom, one-bath units, most of which have been cosmetically updated with modern, durable finishes. The property has benefited from significant recent capital improvements including structural steel repairs, concrete and epoxy work, new electrical service upgrades with dusk-to-dawn lighting, exterior painting, and a freshly sealed and striped parking lot—positioning it for long-term stability with minimal near-term maintenance needs.
Currently 96% occupied (23 of 24 units), the property generates an average rent of approximately $830 per unit, with natural upside as rents continue to grow. Additionally, four units are occupied by legacy tenants, presenting an opportunity to further align rents with market rates and reduce loss-to-lease. There is also potential to implement utility sub-metering, allowing a new owner to pass-through water and other utility costs to tenants and further improve operational efficiency.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $38,328
Year Built
- Built in 1965
Lot Details
- 7,405 Sq Ft Lot
Parking
- Assigned Parking
Home Design
- 16,656 Sq Ft Home
Utilities
- Cooling Available
- Hot Water Heating System
- Heating System Uses Gas
- Gas Available
Listing and Financial Details
- The owner pays for gas, water
- Assessor Parcel Number 010-117401
Community Details
Overview
- 24 Units
Building Details
- Operating Expense $127,856
- Gross Income $282,354
- Net Operating Income $154,498
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | Sold | $2,107,000 | 0.0% | $127 / Sq Ft |
| 08/04/2025 08/04/25 | Off Market | $845 | -- | -- |
| 04/28/2025 04/28/25 | For Sale | $2,150,000 | 0.0% | $129 / Sq Ft |
| 04/08/2025 04/08/25 | Price Changed | $845 | 0.0% | $1 / Sq Ft |
| 04/08/2025 04/08/25 | For Rent | $845 | +2.4% | -- |
| 12/17/2024 12/17/24 | Off Market | $825 | -- | -- |
| 06/13/2024 06/13/24 | For Rent | $825 | 0.0% | -- |
| 09/20/2023 09/20/23 | Price Changed | $825 | +4.4% | $1 / Sq Ft |
| 08/08/2023 08/08/23 | For Rent | $790 | 0.0% | -- |
| 07/25/2023 07/25/23 | Price Changed | $790 | +5.3% | $1 / Sq Ft |
| 06/29/2023 06/29/23 | Price Changed | $750 | -5.1% | $1 / Sq Ft |
| 06/22/2023 06/22/23 | For Rent | $790 | 0.0% | -- |
| 06/19/2023 06/19/23 | For Rent | $790 | 0.0% | -- |
| 05/12/2023 05/12/23 | Price Changed | $790 | +3.3% | $1 / Sq Ft |
| 03/22/2023 03/22/23 | Price Changed | $765 | +2.0% | $1 / Sq Ft |
| 03/07/2023 03/07/23 | Price Changed | $750 | +4.9% | $1 / Sq Ft |
| 03/07/2023 03/07/23 | For Rent | $715 | -- | -- |
Source: Columbus and Central Ohio Regional MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Zeke Liston
-
Punithavathy Sundaresan
P
Buyer's Agent in 2025
Punithavathy Sundaresan
Red 1 Realty
(614) 352-7596
1 in this area
49 Total Sales
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225014068
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