Well-Maintained Brick Multi-Family
15-19 Rodgers Avenue Columbus, OH 43222
15-19 Rodgers Avenue, Columbus, OH, 43222
$559,000
For Sale
$559,000
Four single-story units, each with 2 bedrooms and 1 bath.
Property Size4,847 SF
Price / SF$115.33
Days on Market59
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 Agency
Beacon Property Mgmt & Realty
(614) 753-7535
Listed by
Rosa O'Bannon · License #2017005507
(614) 753-7535
Source
Compass
Added: May 20 Checked: Jul 17 at 4:31 am
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
NOI $41,273 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$474.3K
$415.0K – $553.4K
NOI $33,201 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.01M
$883.9K – $1.18M
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
Similar For Sale Nearby
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.
