Listed By
Agency Name: RE/MAX Premier Choice
Agent Name: Matthew T Schirtzinger
Agency Phone: 800-759-1112
Shown By
Agent Name: Leslie Yoder
Agent Phone: (330) 418-3627
Agency Title: Cutler Real Estate
Contact Leslie Yoder About This Property
Property Description
Curb Offers only. Fully occupied four-unit brick multifamily in the heart of Fifth by Northwest District between Grandview and UA with Columbus taxes. 3,576 SF , 4 two bedroom units with a brick 4-car garage. Current rents:â?¢ Three updated units averaging $1,600/monthâ?¢ One long-term tenant at $800/monthâ?¢ Tenants pay all utilitiesBased on 2024 NOI, the property is operating at a 6% cap rate at list price, with immediate upside through lease adjustments on the under-market unit (market rent ~$1,800 for updated units).Three of four units have been remodeled with updated kitchens, baths, and neutral finishes. The fourth unit offers clear value-add potential. Shared basement, garage parking, and strong tenant demand in one of Columbus' most walkable rental corridors.Consistent occupancy history. Minimal landlord expense structure with tenants covering all utilities.Ideal for:â?¢ Investor seeking stable in-place income with upsideâ?¢ 1031 exchange buyerâ?¢ Owner looking to secure long-term asset in Grandview submarket2-year P&L and rent roll available in documents. Financials available upon request.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Market: 100
Heating: Forced Air
Lot Size: 0.20 Acres
Taxes: $10,594
Year Built: 1955
Feature Descriptions
Parcel #: 010-062633
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
Local Schools
School District: COLUMBUS CITY
Demographics
Franklin County Demographic Information forFips
Fips Code 39049
Population
2020 to 2025 Change up 2.9%
2010 Count 1,163,414
2020 Count 1,323,807
2025 Estimate (V2025) 1,361,536
2020 Estimate (V2025) 1,323,810
Age Distribution (Years Old)
0 to 4 6.3%
5 to 17 23.0%
18 to 64 57.0%
65 and Older 13.7%
Gender
Male 49.1%
Female 50.9%
Place of Birth
Foreign 13.0%
US 87.0%
Education
High School Graduate, Age 25+ 91.2%
Bachelor's Degree or Higher, Age 25+ 42.1%
Computer and Internet use
Households with a computer 97.1%
Households with a broadband Internet subscription 94.1%
Language
English is Second Language, Age 5+ 16.7%
English is First Language, Age 5+ 83.3%
Veterans
Veterans 52,088
Income
Per Capita Income $43,731
Median Household Income $75,176
People in Poverty 13.9%
Commute
Average Work Commute Time 22 minutes
Housing
Total Housing Units 594,813
Households 553,099
Average Household Size 2.36
Owner-Occupied 52.8%
Multi-Family 36.6%
Owner-Occupied Median Value $288,400
Median selected monthly owner costs -with a mortgage $1,781
Median selected monthly owner costs -without a mortgage $748
Median gross rent $1,302
Building Permits
New Private Housing Issued 2024 8,122
Years at Residence
1 Year or More 83.1%
Less Than 1 Year 16.9%
Business and Employment
Private non-farm Establishments 30,700
Private non-farm Employment 695,387
Private non-farm Employment Growth up 0.4%
Nonemployer Establishments 125,504
Number of Firms 21,489
Business Production
Value of Shipments $13,796,060,000
Wholesale Trade $32,205,012,000
Retail Trade $25,665,382,000
Retail Sales Per Capita $17,887
Accommodation and Food Services $3,728,293,000
Land
Land Area 532.19 sq. miles
Population Per Square Mile 2,187
Source: US Census Bureau
Estimate Your Payment
Estimated Payment
$ 5,767.48 per month $4,622.15 Principal & Interest $882.83 Property Tax $262.50 Homeowner's InsuranceChange Payment Information
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