This 4-unit multifamily in Eastmoor, Columbus clocks in at 3,890 sqft with a flexible mix of 1- and 2-bedroom apartments, making it attractive for renters. Priced at $280K after a dramatic drop from $1.3M, it's well below recent local comps, which show similar-size multifamily sales in the $300K–$340K range for properties with 6–7 beds and ~4,000 sqft. That's a solid signal for value-add potential. Plus, it's on a busy corridor with mixed-use zoning and redevelopment upside.
If you're an investor, consider light-to-moderate renovations and a strategic lease-up to boost rents and curb appeal. With comps supporting higher valuations, even modest improvements should yield a solid return—just don't skimp on tenant upgrades or common area refreshes. For current owners, focus on easy wins: fresh paint, landscaping, and sprucing up entrances to attract buyers looking for income properties. The zoning could make it a long-term redevelopment play, too.