Mixed-Use Office and Residential
1471 East Broad Street Columbus, OH 43205
1471 East Broad Street, Columbus, OH, 43205
$415,000
Pending
For Sale
$415,000
Pending
Three-unit mixed-use building with a first-floor office and two residential units, plus an unfinished walk-up basement for storage.
Property Size3,495 SF
Days on Market73
Property Features for 1471 East Broad Street
General Information
- Standard status
- Pending
- Size
- 3,495 SF
- Property subtype
- Multi-Family / Mixed Use
Building Details
- Year Built
- 1900
Listing agency
Reafco
(614) 541-8475
Listed by
Remington Lyman · License #2022001862
(614) 541-8475
Source
Compass
Added: May 10 Updated: Jul 21 at 2:34PM Checked: Jul 21 at 2:34PM
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 Reafco
Investment Insights
Based on property information with market context.
This mixed-use property consists of three units: a first-floor office space, a second-floor residential unit, and a third-floor residential unit. The first-floor office includes five rooms and will be available for lease starting July 1, 2026, following a current vacancy. The second-floor unit includes six rooms with a kitchen and bathroom. The third-floor unit includes three rooms with a kitchen and bathroom, and it is currently vacant.
A full unfinished basement is included and provides walk-up exterior access, offering additional storage and utility flexibility. Tenants pay all utilities, with electric, gas, and water individually submetered through Pioneer Energy Management.
The property includes a slate roof. First- and second-floor HVAC systems are approximately 10 years old, while the third-floor HVAC is approximately 5 years old. Hot water tanks range from 1 to 10 years old, and electrical has been upgraded from knob and tube to circuit breakers, though the upgrade timing is not specified.
A full unfinished basement is included and provides walk-up exterior access, offering additional storage and utility flexibility. Tenants pay all utilities, with electric, gas, and water individually submetered through Pioneer Energy Management.
The property includes a slate roof. First- and second-floor HVAC systems are approximately 10 years old, while the third-floor HVAC is approximately 5 years old. Hot water tanks range from 1 to 10 years old, and electrical has been upgraded from knob and tube to circuit breakers, though the upgrade timing is not specified.
Key Highlights
- Three‑unit mixed‑use building with first‑floor office plus two residential units
- Unit A office is being vacated and available for lease starting July 1, 2026 (prior rent $1,500/mo)
- Unit B (2nd floor) leased for $900/mo through June 30, 2027
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 | $45.7k | $13.08 |
| − Vacancy | −$3.2k | −$0.92 |
| EGI | $42.5k | $12.16 |
| − OpEx | −$12.8k | −$3.65 |
| NOI | $29.8k | $8.52 |
3,495 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$576.8K
$504.7K – $673.0K
NOI $40,379 @ 7.0% cap · market cap 9.73%
Second Best
Multifamily LT 5
$425.1K
$372.0K – $496.0K
NOI $29,760 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$728.4K
$637.3K – $849.8K
NOI $50,986 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Professionals Guild of Ohio
Advocacy Group
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Three-unit mixed-use building with a first-floor office and two residential units, plus an unfinished walk-up basement for storage.
Where is this office units located?
The property is located at 1471 East Broad Street Columbus, OH.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three‑unit mixed‑use building with first‑floor office plus two residential units; Unit A office is being vacated and available for lease starting July 1, 2026 (prior rent $1,500/mo); Unit B (2nd floor) leased for $900/mo through June 30, 2027
