Park Place
Park Place, Columbus, OH 43205
42 Apartment Units & 40 Townhomes
82 Affordable Units Located Near Ohio State University | Ability To Convert To Market-Rate By 2034
Colliers is pleased to present Park Place, 82 affordable units positioned near the Nationwide Children’s Hospital (17,000 jobs) and Ohio State University (67,250 students and 41,000+ jobs). In good physical condition, Park Place is a stable affordable asset that offers multiple paths to add value. Currently 81% occupied, there is immediate upside by stabilizing occupancy and realizing increased cash-flow. Park Place’s affordability component expires in 2034, allowing new ownership to convert the property to market-rate. All 82 units currently feature tile floors, oak cabinets, laminate countertops, and white appliances. Upon conversion to market-rate, a comprehensive renovation program including higher-end laminate countertops, hardwood-style floors, modern cabinets, and either black or stainless steel appliances unlocks the substantial revenue upside.
New ownership will leverage excellent multifamily fundamentals in Columbus including strong demand (96% average occupancy), positive net migration, accelerating rent growth, and close proximity to Ohio State University and the Ohio State Government to stabilize Park Place and significantly push top-line rents upon conversion to market-rate.
81% Occupied (as of 11/11/2025)
Reach out to the broker for more info on lease terms and amenities
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Contacts
Building Details
- For Sale Contact for pricing
- Property Type Other
- Property Size 739 SF
- Date Updated May 23, 2026
Getting Around
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Walk Score ®
Very Walkable (78) -
Transit Score ®
Some Transit (48) -
Bike Score ®
Very Bikeable (82)
Location
- City Columbus, OH
- Neighborhood Old Town East Columbus
- Zip Code 43205
Points of Interest
South Ohio Oil
1.05 miles
Turkey Hill
1.22 miles
Mobil
1.26 miles
Marathon
1.46 miles
Sunoco
1.62 miles
Tesla Supercharger
1.64 miles
Shell
1.66 miles
Exxon
1.71 miles
5-S
0.72 miles
31-S
0.73 miles
Nationwide Children's Hospital Employee Parking
0.74 miles
30-S
0.76 miles
8-S
0.76 miles
9-E
0.79 miles
4-S
0.79 miles
Nationwide Children's Hospital Staff Parking
0.80 miles
Motorists Parking Garage
0.81 miles
Shell
1.81 miles
Moo Moo Car Wash
3.47 miles
Platinum Auto Wash on King
3.76 miles
Goo Goo Express Wash
4.07 miles
Car Wash
4.14 miles
Dollar
5.28 miles
Korner Kars
5.28 miles
Sammy's Auto Spa
5.32 miles
Moo Moo Express Car Wash
5.40 miles
Yellow Brick Pizza
0.18 miles
Feed Me! Sandwich Kings!
0.42 miles
B&K Smoke House
0.43 miles
Dragon One
0.43 miles
The Olde Oak
0.45 miles
Hangover Easy
0.46 miles
What the Waffle
0.54 miles
Creole2Geaux
0.80 miles
Buck City Sammies
0.80 miles
Little's Village IGA
1.09 miles
Kroger
1.54 miles
Market District Express
1.85 miles
Lucky's Market
2.22 miles
Sammy's 14-0 Market
2.52 miles
Save-A-Lot
2.85 miles
Soussy Market
3.03 miles
Target
3.18 miles
Market District - Grandview Yard
3.30 miles
Columbus Fire Station 8
0.47 miles
East Central Health Center
0.48 miles
Equitas Health Pharmacy
0.51 miles
University Hospital East
0.73 miles
Harvey Alston Police Substation
0.82 miles
Nationwide Children's Hospital
0.83 miles
Columbus State Police Department
0.94 miles
DaVita Dialysis
0.95 miles
CVS Pharmacy
0.96 miles
Park Place Listing Summary
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What is the asking price at Park Place?
The asking price for Park Place is currently available on demand. Contact the listing broker for details.
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What is the total size of Park Place?
Park Place has a total of 739 square feet.
