Four-Unit Quadplex with
For Sale
$709,900
1766 King Avenue, Columbus, OH 43212
Fully occupied one-bedroom units include private basement storage, tenant-provided laundry equipment, and off-street parking.
Property Size3,824 SF
Price / SF$185.64
Days on Market49
Property Features for 1766 King Avenue
General Information
Standard status
Active
Size
3,824 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1931
Listing Agency:
The Brokerage House
(614) 500-7870
Listed By:
Cameron Smith
(567) 395-5762
Source:
Maryhatem
Added: Aug 28
Changed: Oct 3
Last Checked: Oct 14 at 10:53PM
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 The Brokerage House
Investment Insights
Based on property information with market context.
Built in 1931, this quadplex contains four one-bedroom, one-bath residences totaling approximately 3,824 square feet. Original hardwood flooring and period architectural elements contribute to the building’s established character. Each unit has a designated, lockable storage area in the basement, where tenant-provided washers and dryers are located. A carport adds off-street parking for occupants.
All four units are currently rented. Two residences have each had tenants in place for approximately 14-15+ years, providing a documented history of long-term occupancy. The property is located at 1766 King Avenue in Columbus, near Ohio State, Grandview, downtown, the Short North, and 315.
All four units are currently rented. Two residences have each had tenants in place for approximately 14-15+ years, providing a documented history of long-term occupancy. The property is located at 1766 King Avenue in Columbus, near Ohio State, Grandview, downtown, the Short North, and 315.
Key Highlights
- Four one‑bedroom, one‑bath units totaling approximately 3,824 square feet
- Built in 1931 with original hardwood floors and architectural details
- All four units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,562
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,240
$651.2K
Cap Rate 7%
$465,171
$465.2K
Cap Rate 9%
$361,800
$361.8K
Market Conditions
NOI Build-Up for 3,824 SF
Gross rent
$50.0K $13.08/SF
− Vacancy
−$3.5K −$0.92/SF
EGI
$46.5K $12.16/SF
− OpEx
−$14.0K −$3.65/SF
NOI
$32.6K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,240
Cap Rate 7%
$465,171
Cap Rate 9%
$361,800
Alternative Uses
Best Use
Multifamily LT 5
$465.2K
$407.0K – $542.7K
NOI $32,562 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$374.2K
$327.4K – $436.6K
NOI $26,194 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$796.9K
$697.3K – $929.8K
NOI $55,786 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
Explore this area
Business Placement
Demographics for 43212, OH
24,171
Population
13,506
Households
1.8
Avg Household Size
30
Median Age
78%
College-Educated
98%
High-School Grad
3.7 sq mi
ZIP Area
6,533
Density / Sq Mi
$74,952
Median Household Income
$59,037
Median Earnings
$1,382
Median Rent
$514,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied one-bedroom units include private basement storage, tenant-provided laundry equipment, and off-street parking.
Where is this quadplex located?
The property is located at 1766 King Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $709,900.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath units totaling approximately 3,824 square feet; Built in 1931 with original hardwood floors and architectural details; All four units are currently rented
