Four-Unit Townhome-Style
New
For Sale
$689,000
1551-1557 Worthington Row Drive, Columbus, OH 43235
Four two-bedroom residences feature separate tenant-paid utilities and sub-metered water.
Property Size4,054 SF
Price / SF$169.96
Days on Market3
Property Features for 1551-1557 Worthington Row Drive
General Information
Standard status
Active
Size
4,054 SF
Property subtype
Multi-family
Occupancy
100%
Financials
Average Monthly Rent
$973.75
HOA Fee
$37.08
Site & Location
Neighborhood
Far Northwest
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Individually Metered Utilities
water
Additional Details
Tenant in Place
Yes
Building Details
Buildings
1
Listing Agency:
Best Corporate Real Estate
(614) 559-3350
Listed By:
Valerie Tivin · License #2019002160
(614) 716-8953
Source:
Maryhatem
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:41AM
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
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Investment Insights
Based on property information with market context.
This 4,054-square-foot quadplex contains four townhome-style units, each with two bedrooms upstairs, a full bath on that level, and a half bath on the main floor. The building is fully occupied, with long-term tenants. Recent capital work includes a replacement roof, updated siding, and new windows and sliding glass doors. Water is sub-metered, and tenants pay their utilities separately.
The property is at 1551-1557 Worthington Row Drive in Columbus, Ohio. An annual HOA fee of $445 is reported.
The property is at 1551-1557 Worthington Row Drive in Columbus, Ohio. An annual HOA fee of $445 is reported.
Key Highlights
- Four two‑bedroom townhome‑style units
- 4,054 square feet; currently fully occupied
- Full upstairs bath and main‑floor half bath in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,984
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,680
$859.7K
Cap Rate 7%
$614,057
$614.1K
Cap Rate 9%
$477,600
$477.6K
Market Conditions
NOI Build-Up for 4,054 SF
Gross rent
$65.7K $16.20/SF
− Vacancy
−$4.3K −$1.05/SF
EGI
$61.4K $15.15/SF
− OpEx
−$18.4K −$4.54/SF
NOI
$43.0K $10.60/SF
Area
ZIP 43235
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,680
Cap Rate 7%
$614,057
Cap Rate 9%
$477,600
Alternative Uses
Best Use
Multifamily LT 5
$614.1K
$537.3K – $716.4K
NOI $42,984 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$554.4K
$485.1K – $646.8K
NOI $38,809 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$821.0K
$718.4K – $957.8K
NOI $57,468 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 43235, OH
45,561
Population
20,855
Households
2.2
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
14.2 sq mi
ZIP Area
3,209
Density / Sq Mi
$86,758
Median Household Income
$54,814
Median Earnings
$1,412
Median Rent
$346,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences feature separate tenant-paid utilities and sub-metered water.
Where is this quadplex located?
The property is located at 1551-1557 Worthington Row Drive Columbus, OH.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Four two‑bedroom townhome‑style units; 4,054 square feet; currently fully occupied; Full upstairs bath and main‑floor half bath in each unit
