515 Riverview Dr
Columbus, OH 43202
Riverview- Studio
$2,107,000
Last Sold: Oct 3, 2025
2% below list $2.15M
Est. Refi. Payment $13,106/mo*
$2,107,000
Last Sold: Oct 3, 2025
2% below list $2.15M
Est. Refi. Payment $13,106/mo*
Studio
Local Information
-- mins to
Description
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.
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.
515 Riverview Dr, Columbus, OH 43202 is a studio multi-family in Riverview, built in 1965. It last sold for $2,107,000 on Oct 3, 2025 (2% below the $2,150,000 asking price). More recently, it was listed as a rental in October 2025 with an asking price of $850 per month. That rental listing was removed on October 23, 2025. It is currently off market. The Trulia Estimate rent is $1,245/month.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 515 Riverview Dr
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Heating & Cooling Heating: Hot WaterHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Hot Water |
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Exterior Home Features No Private Pool |
Parking & Garage No CarportNo Garage |
Frontage Not on Waterfront |
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Year Built Year Built: 1965 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Apartment |
Property Information Parcel Number: 010117401 |
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Price List Price: $2,150,000 |
Status Change & Dates Off Market Date: Thu Jul 24 2025 |
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MLS Status: Closed |
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Direction & Address City: Columbus |
School Information High School District: COLUMBUS CSD 2503 FRA CO. |
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Lot Area: 7405.2 sqft |
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Special Conditions: Standard |
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Owner Pays: Gas, Water |
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Mls Number: 225014068 |
Last check for updates: about 2 hours ago
Listed by Zeke Liston, (614) 665-5793
Verti Commercial Real Estate L
Bought with: Punithavathy Sundaresan, (614) 352-7596, Red 1 Realty
Source: Columbus and Central Ohio Regional MLS , MLS#225014068

Price History for 515 Riverview Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 10/23/2025 | $850 | ListingRemoved | Zillow Rentals |
| 10/19/2025 | $850 | Listed For Rent | Zillow Rentals |
| 10/03/2025 | $2,107,000 | Sold | Columbus and Central Ohio Regional MLS #225014068 |
| 07/24/2025 | $2,150,000 | Contingent | Columbus and Central Ohio Regional MLS #225014068 |
| 06/05/2025 | $2,150,000 | PendingToActive | Columbus and Central Ohio Regional MLS #225014068 |
| 06/04/2025 | $845 | ListingRemoved | Zillow Rentals |
| 05/24/2025 | $845 | Listed For Rent | Zillow Rentals |
| 05/13/2025 | $2,150,000 | Contingent | Columbus and Central Ohio Regional MLS #225014068 |
| 04/28/2025 | $2,150,000 | Listed For Sale | Columbus and Central Ohio Regional MLS #225014068 |
| 12/06/2024 | $825 | ListingRemoved | Zillow Rentals |
| 11/19/2024 | $825 | Listed For Rent | Zillow Rentals |
| 05/16/2024 | ListingRemoved | Zillow Rentals | |
| 05/07/2024 | $815 | Listed For Rent | Zillow Rentals |
| 08/15/2023 | ListingRemoved | Zillow Rentals | |
| 06/18/2023 | $790 | Listed For Rent | Zillow Rentals |
Market trends in Columbus
Last updated May 2026
Avg. sale price
$240K
$3.87KMoM
Sale-to-List Price
99.5%
0.4%MoM
Price per sq ft
$183
$4MoM
Available listings
2326
180MoM
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $38,328 |
| Assessment | $1,475,400 |
Home facts updated by county records
Comparable Sales for 515 Riverview Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.51 | Multi-Family Home | $1,240,000 | 12/23/25 | - | - | ||
0.53 | Multi-Family Home | $510,000 | 07/01/26 | - | - | ||
0.52 | Multi-Family Home | $515,000 | 03/06/26 | - | - | ||
0.55 | Multi-Family Home | $625,000 | 05/29/26 | - | - | ||
0.52 | Multi-Family Home | $620,000 | 12/23/25 | - | - | ||
0.48 | Multi-Family Home | $425,000 | 11/25/25 | - | - | ||
0.62 | Multi-Family Home | $436,200 | 03/30/26 | - | - | ||
0.86 | Multi-Family Home | $470,000 | 10/30/25 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 515 Riverview Dr.
What Locals Say about Riverview
At least 30 Trulia users voted on each feature.
90 % Say it's dog friendly
86 % Say there are sidewalks
82 % Say parking is easy
74 % Say car is needed
70 % Say it's quiet
69 % Say streets are well-lit
69 % Say people would walk alone at night
67 % Say kids play outside
65 % Say it's walkable to restaurants
65 % Say it's walkable to grocery stores
62 % Say yards are well-kept
58 % Say there's wildlife
56 % Say they plan to stay for at least 5 years
42 % Say neighbors are friendly
41 % Say there's holiday spirit
28 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Apartments for Rent
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Off Market Homes Near 515 Riverview Dr

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Information is deemed reliable but not guaranteed.

