1805 S 6th St Columbus, OH 43207
Four-unit property with rental upside in developing Columbus location.
Property Features for 1805 S 6th St
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing office Vision Realty, Inc.
Listing date Jan 22, 2025
Source Crexi
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 Vision Realty, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Opportunity to increase rental income by raising rents to market value.
- All 4 units are currently rented, providing immediate income.
- Located in an area with ongoing development, including a 245‑unit apartment complex under construction nearby.
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 | $36.2k | $17.40 |
| − Vacancy | −$2.7k | −$1.31 |
| EGI | $33.5k | $16.10 |
| − OpEx | −$10.0k | −$4.83 |
| NOI | $23.4k | $11.27 |
