Mixed-Use Triplex with Retail
16 Columbus Street Bedford, OH 44146
New
For Sale
$350,000
MULTI_FAMILY - Bedford, OH
Property Size3,708 SF
Lot Size0.10 Acres
Price / SF$94.39
Days on Market3
Property Features for 16 Columbus Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Laundry Room, Basement, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1
- Parking features
- Driveway
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Hot Water(Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Asphalt, Flat
Listing Agency:
Keller Williams Living
(440) 318-1620
Listed By:
Erin Thomas · License #2019005940
(440) 670-2300
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 24 at 4:06AM
MLS# 5229555
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Investment Insights
Based on property information with market context.
Located in Historic Downtown Bedford at 16 Columbus Street, this fully occupied mixed-use triplex combines two street-level commercial suites with one residential unit. The property includes a remodeled 5-bedroom, 1-bath apartment and two separate retail spaces operated by current tenants.
The two commercial suites are on month-to-month leases, currently paying $900 per month each. The residential unit rents for $1,750 per month and features updated LVP flooring, new kitchen cabinets and countertops, in-suite laundry, and two new hot water tanks. The commercial spaces have also been tastefully updated by their tenants.
Current financials are presented as a 7.58% cap rate, with projected results of nearly a 9.05% cap rate through market rent adjustments, based on a projected cash flow of approximately $1,000 per month after debt service. The listing states a projected approximately $326 per unit, per month in projected cash flow after debt service before principal paydown.
The two commercial suites are on month-to-month leases, currently paying $900 per month each. The residential unit rents for $1,750 per month and features updated LVP flooring, new kitchen cabinets and countertops, in-suite laundry, and two new hot water tanks. The commercial spaces have also been tastefully updated by their tenants.
Current financials are presented as a 7.58% cap rate, with projected results of nearly a 9.05% cap rate through market rent adjustments, based on a projected cash flow of approximately $1,000 per month after debt service. The listing states a projected approximately $326 per unit, per month in projected cash flow after debt service before principal paydown.
Key Highlights
- 1920 brick mixed‑use building in historic downtown Bedford with 2 street‑level commercial suites and a spacious 5‑bedroom, 1‑bath apartment
- Current rents include $900/month for each commercial suite on month‑to‑month leases, plus $1,750/month for the remodeled apartment
- Remodeled apartment features updated LVP flooring, new kitchen cabinets and countertops, in‑suite laundry, and two new hot water tanks
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully occupied mixed-use property with two street-level retail suites and a 5-bedroom apartment generating $3,550 monthly rent.
Where is this triplex located?
The property is located at 16 Columbus Street Bedford, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1920 brick mixed‑use building in historic downtown Bedford with 2 street‑level commercial suites and a spacious 5‑bedroom, 1‑bath apartment; Current rents include $900/month for each commercial suite on month‑to‑month leases, plus $1,750/month for the remodeled apartment; Remodeled apartment features updated LVP flooring, new kitchen cabinets and countertops, in‑suite laundry, and two new hot water tanks
