Updated Duplex Community Near
1773-1821 W Mound St Columbus, OH 43223
1773-1821 W Mound St, Columbus, OH, 43223
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For Sale
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Renovated apartment community near downtown Columbus with long-term upside.
Property Size12,760 SF
Price / SF$125.39
Days on Market156
Property Features for 1773-1821 W Mound St
General Information
- Standard status
- Active
- Size
- 12,760 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing Agency
SVN | Wilson Commercial Group, LLC
Listed by
Seth Asman · License #2016004115
Source
Crexi
Added: Feb 10 Checked: Jul 16 at 10:43 am
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 SVN | Wilson Commercial Group, LLC
Investment Insights
Based on property information with market context.
This apartment community, located minutes from downtown Columbus, features 10 single-story ranch-style duplexes. Each unit offers private entrances and spacious layouts, providing a low-density living environment. Recent renovations include interior updates and improvements to the plumbing and sewer systems. Situated on an elevated site, the property offers views of the Columbus skyline. The property is located in a rapidly evolving corridor, positioned for continued neighborhood revitalization, rent growth, and long-term appreciation. The location is within the Columbus Metropolitan Statistical Area, which is known for economic growth and a stable job market. Columbus, Ohio, is experiencing growth in population, wages, and jobs. The city is home to corporate headquarters and hubs such as Nationwide Insurance, The Ohio State University, Anduril, Amazon, Meta (Facebook), Google, Intel, Wendys International, The Limited Brands, Cardinal Health, American Electric Power, and JP Morgan Chase. The property size is 12760 square feet. Columbus has stable occupancy rates and a history of rent growth, making it a favorable market for investors.
Key Highlights
- Minutes from downtown Columbus, offering convenient access to employment, entertainment, and transit.
- Recent interior renovations and major plumbing/sewer system improvements ensure stability.
- Features 10 single‑story ranch‑style duplexes with private entrances, offering a desirable alternative to traditional multifamily living.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.9k | $13.08 |
| − Vacancy | −$11.7k | −$0.92 |
| EGI | $155.2k | $12.16 |
| − OpEx | −$46.6k | −$3.65 |
| NOI | $108.7k | $8.52 |
12,760 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,652 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,404 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,147 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated apartment community near downtown Columbus with long-term upside.
Where is this duplex located?
The property is located at 1773-1821 W Mound St Columbus, OH.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Minutes from downtown Columbus, offering convenient access to employment, entertainment, and transit.; Recent interior renovations and major plumbing/sewer system improvements ensure stability.; Features 10 single‑story ranch‑style duplexes with private entrances, offering a desirable alternative to traditional multifamily living.
