$2,150,000

515 Riverview Dr Columbus, OH 43202

$10,000
Closing credit¹
16,656 sqft
0.2 acres
$129 / sqft
Condo

Property details

About 515 Riverview Dr

***Multiple offers received, the owners are calling for all offers by EOD Monday 5/5, please leave open through Wednesday at 5PM*** Located 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.

Highlights

Home typeCondominium
HeatingHot Water
StatusActive
CoolingOther
Size16,656 sqft
Lot size0.17 Acres
Year built1965
MLS #225014068

Summary

  • Heating: Hot Water
  • Cooling: Other
  • List Price: $2,150,000
  • Price/SqFt: $129
  • Year Built: 1965
  • Living Area: 16,656 SqFt
  • Lot Size: 0.17 Acres
  • MLS Number: 225014068
  • MLS Name: Columbus and Central Ohio Regional MLS
  • Office Name: Verti Commercial Real Estate L
  • Office Phone: (380) 215-6046
  • Listing Agent: Zeke Liston

IDX The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.

Copyright © 2025 Columbus and Central Ohio Regional Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 12:50:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of property featuring uncovered parking

$2,150,000

515 Riverview Dr

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Nov 29, 2005
Home Sold
$294,500
Nov 29, 2005
Home Sold
$294,500
Nov 29, 2005
Home Sold
$294,500
Nov 29, 2005
Home Sold
$294,500

Tax history

We're sorry, we currently don't have tax history data for this listing.

History based on county public records data.

Nearby schools

3

Cranbrook Elementary School

Public District KG-5

0.6 mi

908 Bricker Blvd

8

Clinton Alternative Elementary School

Public District KG-5

0.8 mi

10 Clinton Heights Ave

4

Como Elementary School

Public District PK-5

1.8 mi

2989 Reis Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $19,150. Typical income of Columbus, OH residents is less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is masters degree.

How much money do the neighbors make?

70%
<35k
30%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

81%
Single, No Kids
2%
Single, with Kids
9%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
1%
12-17 yrs old
71%
18-34 yrs old
18%
35-64 yrs old
2%
65+ yrs old

What do the neighbors do for fun?

  • Music ConcertsMusic Concerts
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Art MuseumsArt Museums

Where do the neighbors shop?

  • H&MH&M
  • Banana RepublicBanana Republic
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Jack In The BoxJack In The Box
  • StarbucksStarbucks

What do the neighbors drive?

  • VolkswagenVolkswagen
  • ToyotaToyota
  • AudiAudi

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • JazzJazz
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 515 Riverview Dr

The listing price of 515 Riverview Dr property is $2,150,000.

The property 515 Riverview Dr is a condo located in Columbus, Ohio, 43202.

Active Listing: 515 Riverview Dr is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 515 Riverview Dr are: Cranbrook Elementary School (GreatSchools Rating 3/10), Clinton Alternative Elementary School (GreatSchools Rating 8/10), Como Elementary School (GreatSchools Rating 4/10), Dominion Middle School (GreatSchools Rating 5/10), Indianola Informal K-8 School (GreatSchools Rating 5/10), Ecole Kenwood French Immersion (GreatSchools Rating 3/10), Great River Connections Academy (GreatSchools Rating 2/10), Upper Arlington High School (GreatSchools Rating 9/10), Metro Early College High School (GreatSchools Rating 7/10).

The last sale was on November 29, 2005 for $294,500 (source: MLS/tax record).

The property at 515 Riverview Dr has 0 bathroom.

The property 515 Riverview Dr is 16,656 SqFt (source: MLS/tax record).

The year of construction for 515 Riverview Dr is 1965.

This home is located at 515 Riverview Dr in Columbus, OH and zip code 43202 in the Olentangy neighborhood. This 16,656 square foot home, which was built in 1965, sits on a 0.17 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $2,150,000.

While more than 402 listings in Columbus, OH in April 2025 were sold above asking price, there were more than 191 listings sold at asking price, and more than 360 were sold below. The number of homes for sale in Columbus, OH increased by 14.1% between March and April 2025. In April 2025, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $286,439.

From Rocket Homes Real Estate and based on county public records data.

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