All-Electric Turnkey
1999 West Broad Street Unit 1997 Columbus, OH 43223
For Sale
$330,000
Pending
Fully rented, all-electric three-unit triplex with current unit rents available by unit.
Property Size3,060 SF
Days on Market84
Property Features for 1999 West Broad Street Unit 1997
General Information
- Standard status
- Pending
- Size
- 3,060 SF
- Property subtype
- Multi-Family / Mixed Use
Building Details
- Year Built
- 1900
Listing Agency:
Reafco
(614) 769-1555
Listed By:
Blake Park · License #2020007667
(614) 769-1555
Source:
Compass
Added: May 1
Changed: Jul 22
Last Checked: Jul 22 at 11:19PM
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 Reafco
Investment Insights
Based on property information with market context.
Turnkey, fully rented triplex offering three separate units in an all-electric setup. The property is configured as a three-unit residential income building with in-place rental operations. Current rents listed are $1,120 for unit 1997, $1,040 for unit 1997 1/2, and $1,040 for unit 1999.
Located at 1999 West Broad Street in Columbus, Ohio 43223, the property is described as having convenient access to downtown, shopping, and major highways.
Located at 1999 West Broad Street in Columbus, Ohio 43223, the property is described as having convenient access to downtown, shopping, and major highways.
Key Highlights
- Fully rented 3‑unit triplex with current unit rents listed: 1997 $1,120; 1997 1/2 $1,040; 1999 $1,040
- All‑electric property (electric and gas heat fuels noted) with 3 separate units
- Year built: 1900
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 | $40.0k | $13.08 |
| − Vacancy | −$2.8k | −$0.92 |
| EGI | $37.2k | $12.16 |
| − OpEx | −$11.2k | −$3.65 |
| NOI | $26.1k | $8.52 |
3,060 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.2K
$325.7K – $434.3K
NOI $26,056 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$299.4K
$262.0K – $349.3K
NOI $20,960 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$637.7K
$558.0K – $744.0K
NOI $44,640 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully rented, all-electric three-unit triplex with current unit rents available by unit.
Where is this triplex located?
The property is located at 1999 West Broad Street Unit 1997 Columbus, OH.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Fully rented 3‑unit triplex with current unit rents listed: 1997 $1,120; 1997 1/2 $1,040; 1999 $1,040; All‑electric property (electric and gas heat fuels noted) with 3 separate units; Year built: 1900
