32-Unit Apartment
1719 Lonsdale Road, Columbus, OH 43232
For Sale
New
Contact for pricing
The multifamily property contains a substantial residential unit count in a townhome format.
Property Size32,940 SF
Price / SF$76.65
Days on Market4
Property Features for 1719 Lonsdale Road
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Listing Agency:
Forge Real Estate Advisors
Listed By:
Zeke Liston · License #2026002602
(614) 665-5793
Source:
Crexi
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 9 at 2:06AM
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 Forge Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property comprises 32 units arranged as townhomes, with a total building area of 32,940 square feet. Its residential configuration is suited to multifamily occupancy.
Located at 1719 Lonsdale Road in Columbus, the property is in the 43232 ZIP code.
Located at 1719 Lonsdale Road in Columbus, the property is in the 43232 ZIP code.
Key Highlights
- 32 apartment units in a townhome configuration
- 32,940 SF of building area
- Located at 1719 Lonsdale Road in Columbus, OH 43232
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,633
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,512,660
$4.5M
Cap Rate 7%
$3,223,329
$3.2M
Cap Rate 9%
$2,507,033
$2.5M
Market Conditions
NOI Build-Up for 32,940 SF
Gross rent
$438.8K $13.32/SF
− Vacancy
−$28.5K −$0.87/SF
EGI
$410.2K $12.45/SF
− OpEx
−$184.6K −$5.60/SF
NOI
$225.6K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,512,660
Cap Rate 7%
$3,223,329
Cap Rate 9%
$2,507,033
Alternative Uses
Best Use
Apartment 5plus
$3.22M
$2.82M – $3.76M
NOI $225,633 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.86M
$6.01M – $8.01M
NOI $480,540 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 43232, OH
44,823
Population
20,211
Households
2.2
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$50,599
Median Household Income
$37,156
Median Earnings
$1,048
Median Rent
$152,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Columbus, OH
Properties on Market for Apartment buildings in Columbus
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The multifamily property contains a substantial residential unit count in a townhome format.
Where is this apartment building located?
The property is located at 1719 Lonsdale Road Columbus, OH.
What is the asking price?
The asking price for this property is $2,525,000.
What are key features of this property?
This property features: 32 apartment units in a townhome configuration; 32,940 SF of building area; Located at 1719 Lonsdale Road in Columbus, OH 43232
