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    1805 6Th St Columbus, OH 43207

    For Sale
    $306,000

    High-Yield, 100% Occupied, South Columbus

    Property size:
    2,080 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    325
    This exceptional value-add opportunity presents a four-unit multifamily property located at 1805 S 6th St, Columbus, Ohio, 43207. The property, built in 1900 and renovated in 2020, boasts a total of 2,080 square feet across two stories, with each unit featuring one bedroom and one bathroom. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $25,000, translating to an attractive 8.17% cap rate. The asking price is $306,000, representing a price per square foot of $147.12. Individual unit rents are currently below market value, offering significant potential for increased cash flow through rental adjustments. Specifically, unit rents are $750 (plus $60 water), $700 (plus $60 water), $600 (plus $60 water), and $550 (plus $35 water). The property benefits from its location in a rapidly developing area of South Columbus, with a large new apartment complex under construction nearby, promising further appreciation in property value. The property is zoned for multi-family use and presents a compelling investment opportunity for those seeking strong cash flow and future growth potential. This is a Class C property in Franklin County.

    Property Features for 1805 6Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,080 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1900/2020
    Buildings
    1
    Stories
    2

    HighLights

    • $306,000 asking price for a value‑add, four‑unit multifamily property.
    • 8.17% cap rate with a $25,000 NOI.
    • 100% occupancy.
    • Located at 1805 S 6th St, Columbus, OH 43207.
    • 2,080 square feet, two‑story building built in 1900, renovated in 2020.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9908135
    Latitude
    39.9256096

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield, 100% Occupied, South Columbus
    Where is this multifamily property located?
    The property is located at 1805 6Th St Columbus, OH.
    What is the asking price?
    The asking price for this property is $306,000.
    What are key features of this property?
    This property features: $306,000 asking price for a value-add, four-unit multifamily property.; 8.17% cap rate with a $25,000 NOI.; 100% occupancy.
    Request Owner's contact information
    1805 6Th St Columbus, OH 43207
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    Columbus, OH 43207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1805 6Th St Columbus, OH 43207
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