14-Unit Mixed-Use Apartment
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For Sale
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1084 E HUDSON ST, Columbus, OH 43211
The property combines residential occupancy with a dedicated commercial component in a mixed-use configuration.
Property Size7,176 SF
Price / SF$97.53
Days on Market5
Property Features for 1084 E HUDSON ST
General Information
Standard status
Active
Size
7,176 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
13
Building Details
Tenancy
Multi
Listing Agency:
Forge Real Estate Advisors
Listed By:
Zeke Liston · License #2026002602
(614) 665-5793
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 11 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forge Real Estate Advisors
Investment Insights
Based on property information with market context.
This 7,176-square-foot apartment property contains 14 total units within a mixed-use configuration. The unit mix includes 13 residential units and one commercial unit, creating a combination of housing and business space within the same asset.
The property is located at 1084 E Hudson St in Columbus, Ohio 43211. Twelve units are identified as vacant, providing a substantial vacancy component within the current unit profile.
The property is located at 1084 E Hudson St in Columbus, Ohio 43211. Twelve units are identified as vacant, providing a substantial vacancy component within the current unit profile.
Key Highlights
- 14 total units in a mixed‑use apartment property
- 13 residential units plus 1 commercial unit
- 7,176 SF total property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,154
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$983,080
$983.1K
Cap Rate 7%
$702,200
$702.2K
Cap Rate 9%
$546,156
$546.2K
Market Conditions
NOI Build-Up for 7,176 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.6K $13.32/SF
− Vacancy
−$6.2K −$0.87/SF
EGI
$89.4K $12.45/SF
− OpEx
−$40.2K −$5.60/SF
NOI
$49.2K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$983,080
Cap Rate 7%
$702,200
Cap Rate 9%
$546,156
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,732 @ 7.0% cap · market cap 11.82%
Second Best
Mixed Use
$1.18M
$1.03M – $1.37M
NOI $82,345 @ 7.0% cap · market cap 11.77%
Theoretical Best
Office A
$1.50M
$1.31M – $1.74M
NOI $104,686 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
13
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 43211, OH
23,160
Population
9,956
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
77%
High-School Grad
4.7 sq mi
ZIP Area
4,928
Density / Sq Mi
$38,715
Median Household Income
$28,601
Median Earnings
$1,057
Median Rent
$91,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - The property combines residential occupancy with a dedicated commercial component in a mixed-use configuration.
Where is this apartment building located?
The property is located at 1084 E HUDSON ST Columbus, OH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 14 total units in a mixed‑use apartment property; 13 residential units plus 1 commercial unit; 7,176 SF total property size
