Four-Unit Apartment
1461-1467 Chesapeake Avenue Columbus, OH 43212
1461-1467 Chesapeake Avenue, Columbus, OH, 43212
$625,000
For Sale
$625,000
Single-story four-unit brick and stucco multifamily property with dedicated entrances and off-street parking.
Property Size2,250 SF
Price / SF$277.78
Days on Market314
Property Features for 1461-1467 Chesapeake Avenue
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Multi-Family / Apartment
Building Details
- Year Built
- 1978
Listing agency
RE/MAX Premier Choice
(614) 580-3945
Listed by
Matthew T Schirtzinger · License #394008
(614) 580-3945
Source
Compass
Added: Sep 11, 2025 Updated: Jul 21 at 2:51AM Checked: Jul 21 at 2:51AM
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 RE/MAX Premier Choice
Investment Insights
Based on property information with market context.
This single-story four-unit apartment building features brick, stucco, and wood construction. The property includes four one-bedroom apartments, each with a dedicated entrance, along with off-street parking for residents.
The building is fully occupied, with established tenants in place. Financial information and supporting documentation are available in the MLS documents tab, and curb offers only are noted in the remarks.
The exterior is described as simple and durable with low-maintenance characteristics. Off-street parking and green space are included as part of the overall residential setup.
The building is fully occupied, with established tenants in place. Financial information and supporting documentation are available in the MLS documents tab, and curb offers only are noted in the remarks.
The exterior is described as simple and durable with low-maintenance characteristics. Off-street parking and green space are included as part of the overall residential setup.
Key Highlights
- Single‑story four‑unit multifamily with brick, stucco, and wood exterior
- Four one‑bedroom apartments with dedicated entrances and off‑street parking
- Fully occupied with established tenants providing immediate rental income
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.4k | $13.08 |
| − Vacancy | −$2.1k | −$0.92 |
| EGI | $27.4k | $12.16 |
| − OpEx | −$8.2k | −$3.65 |
| NOI | $19.2k | $8.52 |
2,250 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.7K
$239.5K – $319.3K
NOI $19,159 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,412 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$468.9K
$410.3K – $547.1K
NOI $32,824 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Single-story four-unit brick and stucco multifamily property with dedicated entrances and off-street parking.
Where is this quadplex located?
The property is located at 1461-1467 Chesapeake Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Single‑story four‑unit multifamily with brick, stucco, and wood exterior; Four one‑bedroom apartments with dedicated entrances and off‑street parking; Fully occupied with established tenants providing immediate rental income
