Receivership Sale: Value-Add Multifamily Asset

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Address: 99 N Murray Hill Rd, Columbus, OH 43228, USA
Chicago & Midwest + Apartment Buildings
Created date: January 12, 2026
Date last updated: April 13, 2026
Price: $5,250,000Investment Analyzer NEW!
  • Primed for Value-Add Upside: All 350 units are unrenovated with tile floors, laminate countertops, oak cabinets, and white appliances
  • Clear Path to Add Value: The top of the competitive set renovated units with modern white cabinets, higher-end laminate countertops, and hardwood-style floors to achieve average rents of $1,062/unit
  • 96% Average Occupancy in Columbus: Very stable market with increasing demand
  • Excellent Long-Term Outlook: Net migration, income growth, & great employment base
  • Close to Major Employers: Ohio State University, the Ohio State Government, & large hospitals

Property Description

Ri Marketplace Online Auction May 18th-20th, 2026 Register to bid on Marketplace: View Now Colliers and RI Marketplace are pleased to present Galloway Village, 350 units primed for an immediate value-add execution located only 10 minutes from Ohio State University (67,250 students and 41,000+ jobs). All 350 units are unrenovated featuring tile floors, oak cabinets, laminate countertops, and white appliances. A comprehensive renovation program including hardwood-style floors, backsplash, modern cabinets, higher-end laminate countertops, and black or stainless steel appliances unlocks substantial annual revenue and helps boost the property to a higher-income demographic. 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 time value-add improvements perfectly and quickly push top-line revenue. Thomas Seaman Auctioneer License: 2007000016 The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.
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Broker Details

RI Marketplace
RI Marketplace

RI Marketplace 800-915-7015

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Key Property Information

Listing Status: Available
Listing Type: Auction
Property Types: Apartment Buildings
No. of Units: 350
Year Built: 1962
Opportunity Zone: No
Property Website Click Here
Address: 99 N Murray Hill Rd, Columbus, OH 43228, USA

Additional contacts

Full name Phone number Email address
Tyler Hague (847) 975-8358 [email protected]

Investment Analyzer

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