Turnkey 3-Unit Brick
1878 Eddystone Avenue Unit ABC Columbus, OH 43224
1878 Eddystone Avenue Unit ABC, Columbus, OH, 43224
$415,000
For Sale
$415,000
All-brick three-unit building with updated, turnkey units featuring two-bedroom layouts across three separate residences.
Property Size2,726 SF
Price / SF$152.24
Days on Market57
Property Features for 1878 Eddystone Avenue Unit ABC
General Information
- Standard status
- Active
- Size
- 2,726 SF
- Property subtype
- Multi-Family / Apartment
Building Details
- Year Built
- 1964
Listing agency
Key Realty
(614) 203-5318
Listed by
Jerry R Auger · License #2008001399
(614) 203-5318
Source
Compass
Added: May 27 Updated: Jul 21 at 9:18AM Checked: Jul 21 at 9:18AM
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 Key Realty
Investment Insights
Based on property information with market context.
This all-brick three-unit multifamily property has been tastefully updated and offers three turnkey residences. Units A and B are two-bedroom over/under flats, while Unit C is a two-bedroom townhouse.
The building includes a newly installed privacy fence that creates a defined backyard area. The property is described as conveniently located minutes from Downtown, Ohio State University, Clintonville, Easton, and other nearby destinations.
With two over/under flat configurations and one townhouse layout, the property provides multiple residential unit types within a single three-unit structure.
The building includes a newly installed privacy fence that creates a defined backyard area. The property is described as conveniently located minutes from Downtown, Ohio State University, Clintonville, Easton, and other nearby destinations.
With two over/under flat configurations and one townhouse layout, the property provides multiple residential unit types within a single three-unit structure.
Key Highlights
- All‑brick 3‑unit multifamily building with updated interiors
- Unit mix: Units A and B are 2‑bedroom over/under flats; Unit C is a 2‑bedroom townhouse
- Combined monthly rent totals $3,150/month
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 | $35.7k | $13.08 |
| − Vacancy | −$2.5k | −$0.92 |
| EGI | $33.2k | $12.16 |
| − OpEx | −$9.9k | −$3.65 |
| NOI | $23.2k | $8.52 |
2,726 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.6K
$290.2K – $386.9K
NOI $23,212 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$266.8K
$233.4K – $311.2K
NOI $18,673 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$568.1K
$497.1K – $662.8K
NOI $39,768 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - All-brick three-unit building with updated, turnkey units featuring two-bedroom layouts across three separate residences.
Where is this triplex located?
The property is located at 1878 Eddystone Avenue Unit ABC Columbus, OH.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: All‑brick 3‑unit multifamily building with updated interiors; Unit mix: Units A and B are 2‑bedroom over/under flats; Unit C is a 2‑bedroom townhouse; Combined monthly rent totals $3,150/month
