Small Multifamily Acquisitions in Columbus
How professional buyers underwrite two-to-four unit assets.
AceStone Capital Group acquires Columbus duplexes and two-to-four unit buildings across Franklin County. Traditional frame doubles in the older near-east and near-south neighborhoods, student-adjacent product north of campus, and suburban fourplexes are each priced on in-place rent, unit mix, and a scoped repair allowance.
Acquisition Parameters
Columbus Buy-Direct Criteria
The parameters applied to Columbus assets. A property inside them can receive written terms without a listing period.
- Unit count
- 2 – 4 units per building as the core focus; larger walk-ups up to 50 units also reviewed.
- Geography
- Franklin County and adjacent Delaware, Licking, and Fairfield county submarkets.
- Condition
- Any condition, including properties carrying city code orders or vacancy registration.
- Tenancy
- Ohio leases transfer at closing; month-to-month tenancies are acceptable.
- Structure
- Direct purchase on stated funding terms — no listing, funding and due-diligence conditions stated in each offer.
- Closing
- Title-company settlement scheduled to the ownership's timeline.
Market Snapshot
Columbus, OH Underwriting Signals
Columbus files are underwritten around tax reassessment on transfer and the cost of bringing older stock to a lettable standard.
Unit Count Band
5 – 40 doors
Small portfolios of adjacent buildings welcomed.
Tax Reassessment
Modeled post-sale
Offers reflect the assessed value that follows a transfer.
Condition Tolerance
Code violations accepted
Open orders are cured after closing at our cost.
Rent Basis
In-place, trailing 3
Seasonal collection variance is normalized.
Typical Close
14 – 30 days
Seller-selected date accommodated.
Signals are indicative and reviewed at intake. Written terms follow a file-level read of rent roll, condition, and title.
Columbus Submarkets Under Review
- Franklinton
- Olde Towne East
- Linden
- Hilltop
- Clintonville
- Old North & campus area
Code and vacancy registration
Columbus maintains active code enforcement on vacant and non-compliant structures. Open orders are confirmed during underwriting and carried in the basis rather than handed back to ownership.
Frame doubles and utility splits
Older Columbus doubles frequently share a single meter. Separation cost, where relevant to the hold, is scoped in advance so it does not become a post-inspection adjustment.
Questions
Columbus Seller Questions
Do open code violations stop a sale?
No. Outstanding orders are verified and priced into the underwriting. Owners are not asked to complete the work before closing.
Are month-to-month tenancies acceptable in Columbus?
Yes. Month-to-month, fixed-term, and vacant units are all acceptable; occupancy posture is an underwriting input, not a condition of purchase.
Own a Columbus Building or Portfolio?
Send the address, unit count, and occupancy status. We complete title review and underwriting, then respond in writing — no listing, no fees, no obligation.