Renovated Multifamily Unit For
For Sale
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2885 Atwood Terrace #2887, Columbus, OH 43224
Newly renovated two-bedroom unit with modern amenities and parking.
Property Size726 SF
Price / SF$1.58
Days on Market420
Property Features for 2885 Atwood Terrace #2887
General Information
Standard status
Active
Size
726 SF
Property subtype
Multi-Family
Building Details
Building Size
726 SF
Year Built
1977
Listing Agency:
Red 1 Realty
Listed By:
Red 1 Realty
Source:
Kw
Added: Aug 26, 2025
Changed: Oct 14
Last Checked: Oct 16 at 7:57AM
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 Red 1 Realty
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Investment Insights
Based on property information with market context.
This newly renovated unit offers a spacious living area, updated bathroom, and modern kitchen. The property features two bedrooms and includes private off-street parking. Situated in the heart of North Linden, the rental provides convenient access to local shops, parks, and restaurants. The property size is 726 square feet.
Key Highlights
- Spacious Living Area
- Modern Kitchen
- Updated Bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,973
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,460
$99.5K
Cap Rate 7%
$71,043
$71.0K
Cap Rate 9%
$55,256
$55.3K
Market Conditions
NOI Build-Up for 726 SF
Gross rent
$9.7K $13.32/SF
− Vacancy
−$629 −$0.87/SF
EGI
$9.0K $12.45/SF
− OpEx
−$4.1K −$5.60/SF
NOI
$5.0K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,460
Cap Rate 7%
$71,043
Cap Rate 9%
$55,256
Alternative Uses
Best Use
Apartment 5plus
$71.0K
$62.2K – $82.9K
NOI $4,973 @ 7.0% cap · market cap 432.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$151.3K
$132.4K – $176.5K
NOI $10,591 @ 7.0% cap · market cap 920.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 43224, OH
43,544
Population
19,238
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
79%
High-School Grad
8.3 sq mi
ZIP Area
5,246
Density / Sq Mi
$50,934
Median Household Income
$34,966
Median Earnings
$1,025
Median Rent
$159,800
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Newly renovated two-bedroom unit with modern amenities and parking.
Where is this multifamily property located?
The property is located at 2885 Atwood Terrace #2887 Columbus, OH.
What are key features of this property?
This property features: Spacious Living Area; Modern Kitchen; Updated Bathroom
