Furnished Residential Income
For Sale
$449,900
1213-1215 East Livingston Avenue, Columbus, OH 43205
Fully furnished setup with 2-bedroom, 2-bath units and newer appliances, supported by a reported rental history.
Property Size1,920 SF
Price / SF$234.32
Days on Market322
Property Features for 1213-1215 East Livingston Avenue
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Family / Duplex
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$5,394
Building Details
Year Built
1910
Listing Agency:
Styer RE Professionals
Listed By:
Dak Britt · License #2023001955
(614) 499-5185
Source:
Compass
Added: Oct 16, 2025
Changed: Aug 23
Last Checked: Aug 24 at 12:17PM
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 Styer RE Professionals
Investment Insights
Based on property information with market context.
This furnished residential income property is presented as turnkey, ready to operate as a furnished rental from day one. The offering includes a proven rental history, with approximately $39,000 in gross rental revenue reported in the remarks. Each unit features 2 bedrooms and 2 full baths, and the property is described as having newer appliances and updated mechanicals.
The seller highlights a valuable property tax abatement, noting roughly 50% lower property taxes and savings of about $2,700 per year. The combination of furnished readiness and stated abatement benefits is positioned to reduce the time and upfront work typically associated with getting a rental operating.
Overall, the property is offered as a plug-and-play furnished rental with unit-level 2 bed/2 bath configurations and ownership updates intended to support easier day-to-day management.
The seller highlights a valuable property tax abatement, noting roughly 50% lower property taxes and savings of about $2,700 per year. The combination of furnished readiness and stated abatement benefits is positioned to reduce the time and upfront work typically associated with getting a rental operating.
Overall, the property is offered as a plug-and-play furnished rental with unit-level 2 bed/2 bath configurations and ownership updates intended to support easier day-to-day management.
Key Highlights
- Year Built 1910
- Fully furnished furnished‑rental setup, reported ready to operate from day one
- Approximately $39,000 in gross rental revenue reported with a proven rental history
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
$13,152
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
2.92%
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%
$263,040
$263.0K
Cap Rate 7%
$187,886
$187.9K
Cap Rate 9%
$146,133
$146.1K
Market Conditions
NOI Build-Up for 1,920 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
$25.6K $13.32/SF
− Vacancy
−$1.7K −$0.87/SF
EGI
$23.9K $12.45/SF
− OpEx
−$10.8K −$5.60/SF
NOI
$13.2K $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%
$263,040
Cap Rate 7%
$187,886
Cap Rate 9%
$146,133
Alternative Uses
Best Use
Apartment 5plus
$187.9K
$164.4K – $219.2K
NOI $13,152 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.1K
$350.1K – $466.8K
NOI $28,010 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished setup with 2-bedroom, 2-bath units and newer appliances, supported by a reported rental history.
Where is this short term rental property located?
The property is located at 1213-1215 East Livingston Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Year Built 1910; Fully furnished furnished‑rental setup, reported ready to operate from day one; Approximately $39,000 in gross rental revenue reported with a proven rental history
