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Well-Maintained Brick Multi-Family Property

15-19 Rodgers Avenue Columbus, OH 43222

15-19 Rodgers Avenue, Columbus, OH, 43222
$559,000
For Sale
Claim this Listing
$559,000

Four single-story units, each with 2 bedrooms and 1 bath.

Property Size4,847 SF
Price / SF$115.33
AddedMay 20
Days on Market58
Last RefreshJul 15 at 7:39 pm

Property Features for 15-19 Rodgers Avenue

General Information

Standard status
Active
Size
4,847 SF
Property subtype
Multi-Family / Apartment

Building Details

Year Built
1900

Listing office Beacon Property Mgmt & Realty

Listing date May 20, 2026

Source Compass

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 Beacon Property Mgmt & Realty


Investment Insights

Based on property information with market context.

This well-maintained brick multi-family property features four single-story units. Each unit includes 2 bedrooms, 1 full bath, and a fireplace. The property offers shared basement access, providing convenient laundry facilities and additional storage space. The property is of solid brick construction and has practical layouts. The property size is 4847 square feet. This income-producing property is an excellent investment opportunity for both seasoned and first-time investors, with long-term upside potential.

Key Highlights

  • Four single‑story units, each with 2 bedrooms and 1 full bath.
  • Strong tenant appeal and income‑producing potential.
  • Shared basement with laundry facilities and storage.

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 $63.4k $13.08
− Vacancy −$4.4k −$0.92
EGI $59.0k $12.16
− OpEx −$17.7k −$3.65
NOI $41.3k $8.52
4,847 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$589.6K
$515.9K – $687.9K (±1% cap)
NOI $41,273 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$474.3K
$415.0K – $553.4K (±1% cap)
NOI $33,201 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.01M
$883.9K – $1.18M (±1% cap)
NOI $70,710 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

(Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Barber Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Florist Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four single-story units, each with 2 bedrooms and 1 bath.
Where is this quadplex located?
The property is located at 15-19 Rodgers Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Four single‑story units, each with 2 bedrooms and 1 full bath.; Strong tenant appeal and income‑producing potential.; Shared basement with laundry facilities and storage.
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