Residential Income
For Sale
$264,900
355 E Innis Ave, Columbus, OH 43207
For sale residential income multifamily property at 355 E Innis Avenue in Columbus, Ohio.
Property Size1,820 SF
Price / SF$145.55
Days on Market95
Property Features for 355 E Innis Ave
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Marla Morland, E-Merge Real Estate
Listed By:
Rhiannon Ferrari · License #2009003178
(614) 226-1039
Source:
Ferrarihomegroup
Added: Jul 19
Changed: Oct 19
Last Checked: Oct 20 at 8:44PM
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 Marla Morland, E-Merge Real Estate
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Investment Insights
Based on property information with market context.
This residential income multifamily property is being offered for sale and falls under the other multifamily property category.
The asset is located at 355 E Innis Avenue in Columbus, Ohio 43207.
Details such as building configuration, unit count, and condition were not provided, so interested parties should confirm the property’s specific layout and improvements directly during due diligence.
The asset is located at 355 E Innis Avenue in Columbus, Ohio 43207.
Details such as building configuration, unit count, and condition were not provided, so interested parties should confirm the property’s specific layout and improvements directly during due diligence.
Key Highlights
- Residential income multifamily property for sale at 355 E Innis Avenue in Columbus, Ohio
- Year built: 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,807
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,140
$376.1K
Cap Rate 7%
$268,671
$268.7K
Cap Rate 9%
$208,967
$209.0K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$37.1K $20.40/SF
− Vacancy
−$2.9K −$1.61/SF
EGI
$34.2K $18.79/SF
− OpEx
−$15.4K −$8.45/SF
NOI
$18.8K $10.33/SF
Area
ZIP 43207
Vacancy
7.90%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,140
Cap Rate 7%
$268,671
Cap Rate 9%
$208,967
Alternative Uses
Best Use
Apartment 5plus
$268.7K
$235.1K – $313.5K
NOI $18,807 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$366.8K
$321.0K – $428.0K
NOI $25,678 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
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 - For sale residential income multifamily property at 355 E Innis Avenue in Columbus, Ohio.
Where is this multifamily property located?
The property is located at 355 E Innis Ave Columbus, OH.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Residential income multifamily property for sale at 355 E Innis Avenue in Columbus, Ohio; Year built: 1900
