Drayton Court Apartments | Call for Offers March 19, 2026
DRAYTON COURT APARTMENTS A 32-unit Luxury Multifamily Community Located Between Two of Columbus, Ohi
Marketing description
Brown Multifamily Advisors is pleased to present Drayton Court Apartments, a 32-unit luxury multifamily community located in one of Columbus’ most desirable urban-infill neighborhoods. Situated along Chambers Road in the highly sought-after Fifth by Northwest district, the property benefits from immediate proximity to two of the city’s most affluent submarkets—Upper Arlington and Grandview Heights—and is located approximately two miles from The Ohio State University.
Constructed in 2005 on 1.157 acres, Drayton Court consists of seven residential buildings totaling 38,490 square feet of rentable living space. The community offers a mix of one-, two-, and three-bedroom units, with one-car garages for every unit plus one additional surface parking space per bedroom, a highly competitive amenity in this submarket.
All 32 units feature large, contemporary floor plans with wood-based laminate flooring, new cabinetry, updated trim, granite countertops throughout, new appliances, gas fireplaces, and full-size washers and dryers, positioning the property for immediate rent growth. Approximately $70,000 of incremental annual rental revenue is achievable through lease renewals and trade-outs with no capital expenditure required.
Drayton Court presents a rare opportunity to acquire a stabilized multifamily community with strong, demonstrated rent growth and continued upside potential in one of Columbus’ most supply-constrained rental markets, driven by its premier location, modernized interiors, and sustained tenant demand.
Investment highlights
Stabilized Asset with Strong Occupancy: Ownership has prioritized occupancy over aggressive rent increases, resulting in average vacancy of less than 2%, highlighting the property’s strong tenant demand and operational stability.
• Demonstrated & Accretive Rent Growth: The property has achieved rent growth of approximately 6% over the past two years. A new operator has the opportunity to mark all units to current market rents, translating to up to $70,000 in additional annual rental income.
• Quality, Low-Maintenance Construction: Built in 2005, Drayton Court features brick and vinyl siding exteriors, reducing ongoing capital and maintenance exposure.
• Renovated Interior Finishes: Units feature open floor plans with granite countertops, wood-based laminate flooring throughout living areas, carpeted bedrooms, and tiled bathrooms, aligning with renter preferences in the submarket.
• Significant Recent Capital Investment: Over $850,000 in capital improvements have been completed within the last five years, including fully renovated interiors, new sprinkler systems across all buildings, new water pumps and bladders, and new water submeters, positioning the asset for minimal near-term capital needs.
• Rare Market Offering: Multifamily communities of this size, vintage, and finish level rarely trade in the 5XNW submarket, offering investors a unique opportunity to acquire a well-located, high-quality asset with proven performance and continued upside.
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