Updated Apartment with Modern
For Sale
$130,000
127 Tarryton Court W #23D, Columbus, OH 43228
Updated apartment featuring modern kitchen, new HVAC, and community amenities.
Property Size992 SF
Price / SF$131.05
Days on Market390
Property Features for 127 Tarryton Court W #23D
General Information
Standard status
Active
Size
992 SF
Property subtype
Condominium
Amenities
Central Air
Dishwasher
Gas Range
Gas Water Heater
Refrigerator
Building Details
Building Size
992 SF
Year Built
1967
Listing Agency:
Keller Williams Consultants Realty
Listed By:
Caroline Shroyer · License #0000416809
(614) 989-6401
Source:
Kw
Added: Aug 15, 2025
Changed: Aug 13
Last Checked: Sep 8 at 10:14AM
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 Consultants Realty
Investment Insights
Based on property information with market context.
This 992 square-foot apartment features a fully updated kitchen with new white cabinets, butcher block countertops, and appliances. The spacious living room has new carpet and provides access to a private patio. The upstairs area includes two bedrooms and an updated full bath with a new toilet, tub, and surround. The HVAC system was replaced in October 2024, and the water heater was replaced in 2019. Residents can enjoy community amenities such as a pool, playground, and basketball courts.
Key Highlights
- Fully updated kitchen with NEW WHITE CABINETS, BUTCHER BLOCK COUNTERTOPS, and appliances.
- New HVAC system installed in 10/2024.
- Updated full bathroom with new toilet, tub, and surround.
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
$8,628
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
6.64%
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%
$172,560
$172.6K
Cap Rate 7%
$123,257
$123.3K
Cap Rate 9%
$95,867
$95.9K
Market Conditions
NOI Build-Up for 992 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
$16.9K $17.04/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$15.7K $15.81/SF
− OpEx
−$7.1K −$7.12/SF
NOI
$8.6K $8.70/SF
Area
ZIP 43228
Vacancy
7.20%
Lease Rate
$17.04 /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%
$172,560
Cap Rate 7%
$123,257
Cap Rate 9%
$95,867
Alternative Uses
Best Use
Apartment 5plus
$123.3K
$107.9K – $143.8K
NOI $8,628 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$211.2K
$184.8K – $246.4K
NOI $14,785 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 43228, OH
58,465
Population
25,623
Households
2.3
Avg Household Size
32
Median Age
26%
College-Educated
86%
High-School Grad
19.9 sq mi
ZIP Area
2,938
Density / Sq Mi
$60,895
Median Household Income
$40,211
Median Earnings
$1,169
Median Rent
$204,000
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?
Apartment building - Updated apartment featuring modern kitchen, new HVAC, and community amenities.
Where is this apartment building located?
The property is located at 127 Tarryton Court W #23D Columbus, OH.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Fully updated kitchen with NEW WHITE CABINETS, BUTCHER BLOCK COUNTERTOPS, and appliances.; New HVAC system installed in 10/2024.; Updated full bathroom with new toilet, tub, and surround.
