Multifamily Unit With
For Sale
Contact for pricing
1123 Wilson Avenue, Columbus, OH 43206
Three-bedroom residence with separate living and dining rooms, central air, and included laundry appliances.
Property Size1,134 SF
Days on Market250
Property Features for 1123 Wilson Avenue
General Information
Standard status
Active
Size
1,134 SF
Property subtype
Multi-Family
Amenities
Central Air
Forced Air
Dishwasher
Gas Range
Microwave
Refrigerator
Building Details
Building Size
1,134 SF
Year Built
1929
Listing Agency:
Keller Williams Greater Columbus Realty
Listed By:
Tracy Keffer · License #2014005256
(614) 949-4270
Source:
Kw
Added: Feb 11
Changed: Oct 16
Last Checked: Oct 16 at 6:00AM
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 Keller Williams Greater Columbus Realty
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Investment Insights
Based on property information with market context.
This multifamily unit offers 1,134 square feet with three bedrooms, 1.5 baths, and a full basement for storage. Separate living and dining rooms create distinct areas within the layout, while central air and forced-air heating serve the home. The kitchen includes a gas range, microwave, refrigerator, and dishwasher, and a washer and dryer are included.
Built in 1929, the residence is located at 1123 Wilson Avenue in Columbus, Ohio 43206. Furniture may be purchased separately, and a furnished rental option is available. Small pets are allowed under the stated pet terms.
Built in 1929, the residence is located at 1123 Wilson Avenue in Columbus, Ohio 43206. Furniture may be purchased separately, and a furnished rental option is available. Small pets are allowed under the stated pet terms.
Key Highlights
- 1,134‑square‑foot multifamily unit
- Three bedrooms and 1.5 baths
- Full basement provides additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,768
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,360
$155.4K
Cap Rate 7%
$110,971
$111.0K
Cap Rate 9%
$86,311
$86.3K
Market Conditions
NOI Build-Up for 1,134 SF
Gross rent
$15.1K $13.32/SF
− Vacancy
−$982 −$0.87/SF
EGI
$14.1K $12.45/SF
− OpEx
−$6.4K −$5.60/SF
NOI
$7.8K $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 Rate 5%
$155,360
Cap Rate 7%
$110,971
Cap Rate 9%
$86,311
Alternative Uses
Best Use
Apartment 5plus
$111.0K
$97.1K – $129.5K
NOI $7,768 @ 7.0% cap · market cap 621.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$236.3K
$206.8K – $275.7K
NOI $16,543 @ 7.0% cap · market cap 1,323.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three-bedroom residence with separate living and dining rooms, central air, and included laundry appliances.
Where is this multifamily property located?
The property is located at 1123 Wilson Avenue Columbus, OH.
What are key features of this property?
This property features: 1,134‑square‑foot multifamily unit; Three bedrooms and 1.5 baths; Full basement provides additional storage
