7-Unit Brick Apartment
For Sale
$995,000
2054 N 4th Street Columbus OH 43201, Columbus, OH 43201
Fully leased brick townhome property with updated mechanical systems and laundry appliances in every residence.
Property Size6,468 SF
Price / SF$153.83
Days on Market57
Property Features for 2054 N 4th Street Columbus OH 43201
General Information
Standard status
Active
Size
6,468 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2BR, 3BR
Multifamily Units
7
Additional Details
Asking Price
$995,000
Amenities
hardwood flooring
range
refrigerator
washer
dryer
Building Details
Year Built
1910
Buildings
1
Construction
brick town-homes
Listing Agency:
Best Corporate Real Estate
Listed By:
Rebecca S Withrow · License #2016003356
(740) 360-2342
Source:
Search.reafcorealestate
Added: Aug 12
Changed: Oct 5
Last Checked: Oct 5 at 3:09PM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
This 6,468-square-foot multifamily property contains seven brick residential townhomes in a well-maintained building. The residences offer two- and three-bedroom layouts, basement storage, and natural hardwood flooring in many units. Each home includes a range, refrigerator, washer, and dryer, while the furnaces and hot water tanks have been updated.
The property is located at 2054 N 4th St in Columbus along the North Fourth Street corridor. Downtown Columbus, The Ohio State University, major employment centers, public transportation, dining, retail, and neighborhood amenities are identified as nearby destinations. The building is fully leased with 100% occupancy and an established tenant base.
The property is located at 2054 N 4th St in Columbus along the North Fourth Street corridor. Downtown Columbus, The Ohio State University, major employment centers, public transportation, dining, retail, and neighborhood amenities are identified as nearby destinations. The building is fully leased with 100% occupancy and an established tenant base.
Key Highlights
- Seven brick residential townhomes totaling ± 6,468 Sq Ft
- 100% occupancy with all seven units leased
- Two- and three‑bedroom layouts with basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,305
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,100
$886.1K
Cap Rate 7%
$632,929
$632.9K
Cap Rate 9%
$492,278
$492.3K
Market Conditions
NOI Build-Up for 6,468 SF
Gross rent
$86.2K $13.32/SF
− Vacancy
−$5.6K −$0.87/SF
EGI
$80.6K $12.45/SF
− OpEx
−$36.2K −$5.60/SF
NOI
$44.3K $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%
$886,100
Cap Rate 7%
$632,929
Cap Rate 9%
$492,278
Alternative Uses
Best Use
Apartment 5plus
$632.9K
$553.8K – $738.4K
NOI $44,305 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,357 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 43201, OH
37,528
Population
17,484
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
12,106
Density / Sq Mi
$43,451
Median Household Income
$21,792
Median Earnings
$1,299
Median Rent
$438,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased brick townhome property with updated mechanical systems and laundry appliances in every residence.
Where is this apartment building located?
The property is located at 2054 N 4th Street Columbus OH 43201 Columbus, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Seven brick residential townhomes totaling ± 6,468 Sq Ft; 100% occupancy with all seven units leased; Two- and three‑bedroom layouts with basement storage
