Mixed-Use Investment
For Sale
$335,000
16 Columbus Street, Bedford, OH 44146
ResidentialIncome, Bedford, OH
Property Size3,708 SF
Lot Size0.10 Acres
Price / SF$90.35
Days on Market48
Property Features for 16 Columbus Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 2, Laundry Room, Bedroom 2, Bedroom 4, Basement, Bathroom 1
Parking features
Driveway
Subdivision
Bedford
Elementary school district
Bedford CSD - 1803
Middle school district
Bedford CSD - 1803
High school district
Bedford CSD - 1803
Directions
South of Rockside Rd
Standard status
Active
APN
812-13-002
Size
3,708 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
46 VILBED EP 252.93FTE OF CL BROADWAY 0061
Tax Annual Amount
4019
Legal Description
46 VILBED EP 252.93FTE OF CL BROADWAY 0061
Utilities
Sewer type
Public Sewer
Heating system
Steam, Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
in-suite laundry
Building Details
Year built
1920
Floors in Building
2
Building materials
Brick
Roof type
Flat, Asphalt
Listing Agency:
Keller Williams Living · Keller Williams Realty
(440) 318-1620
Listed By:
Erin Thomas · License #2019005940
(440) 670-2300
Added: Jul 22
Changed: Sep 2
Last Checked: Sep 7 at 12:06PM
MLS# 5229555
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,708-square-foot mixed-use property contains two street-level commercial suites and a spacious five-bedroom apartment. The residential unit has been remodeled with LVP flooring, new kitchen cabinets and countertops, in-suite laundry, and two new hot water tanks. Tenant improvements are also present in the commercial areas. Built in 1920, the building features brick construction, a flat asphalt roof, window-unit cooling, steam and hot-water heating, public water and public sewer, plus driveway parking.
The property is fully occupied and positioned in Historic Downtown Bedford, within walking distance of restaurants, shops, parks, and local businesses. Access to I-271 and I-480 supports connectivity throughout the surrounding area. Current financial performance reflects a 7.58% cap rate, with a projected 9.05% cap rate based on market rent adjustments.
The property is fully occupied and positioned in Historic Downtown Bedford, within walking distance of restaurants, shops, parks, and local businesses. Access to I-271 and I-480 supports connectivity throughout the surrounding area. Current financial performance reflects a 7.58% cap rate, with a projected 9.05% cap rate based on market rent adjustments.
Key Highlights
- 3,708‑square‑foot mixed‑use building on 0.1025 acres
- Two street‑level commercial suites plus a five‑bedroom apartment
- Updated apartment with LVP flooring, kitchen finishes, in‑suite laundry, and two new hot water tanks
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
Business Placement
Demographics for 44146, OH
29,778
Population
15,270
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,489
Density / Sq Mi
$53,049
Median Household Income
$40,808
Median Earnings
$1,000
Median Rent
$141,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupied building combines two ground-floor commercial suites with an updated residential apartment in downtown Bedford.
Where is this mixed-use property located?
The property is located at 16 Columbus Street Bedford, OH.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 3,708‑square‑foot mixed‑use building on 0.1025 acres; Two street‑level commercial suites plus a five‑bedroom apartment; Updated apartment with LVP flooring, kitchen finishes, in‑suite laundry, and two new hot water tanks
