Four-Unit Brick Townhome
407 Oakwood Avenue Columbus, OH 43205
407 Oakwood Avenue, Columbus, OH, 43205
$595,000
For Sale
$595,000
Four leased two-bedroom brick townhomes each include basements, with an additional 0.09-acre lot included.
Property Size3,672 SF
Price / SF$162.04
Days on Market151
Property Features for 407 Oakwood Avenue
General Information
- Standard status
- Active
- Size
- 3,672 SF
- Property subtype
- Multi-Family / Townhouse
Building Details
- Year Built
- 1900
Listing agency
Best Corporate Real Estate
(614) 397-8380
Listed by
Randy J Best · License #311236
(614) 397-8380
Source
Compass
Added: Feb 21 Updated: Jul 21 at 2:25AM Checked: Jul 21 at 6:34AM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
This offering features a four-unit brick townhome quadplex with two bedrooms in each unit and basements. The property also includes an extra lot of approximately 0.09 acres on McAllister Avenue (Parcel ID: 010-136835).
The quadplex is fully leased on a month-to-month basis. Public remarks indicate curb offers only, and that all offers must include a lender letter or proof of funds acceptable to the owner prior to viewing.
Situated within historic Old Town East and close to downtown Columbus, the immediate area includes new construction across the street.
The quadplex is fully leased on a month-to-month basis. Public remarks indicate curb offers only, and that all offers must include a lender letter or proof of funds acceptable to the owner prior to viewing.
Situated within historic Old Town East and close to downtown Columbus, the immediate area includes new construction across the street.
Key Highlights
- Four unit brick townhome property built in 1900
- Four leased 2‑bedroom townhomes, each with a basement
- Fully leased on a month‑to‑month basis
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 | $48.0k | $13.08 |
| − Vacancy | −$3.4k | −$0.92 |
| EGI | $44.7k | $12.16 |
| − OpEx | −$13.4k | −$3.65 |
| NOI | $31.3k | $8.52 |
3,672 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$446.7K
$390.8K – $521.1K
NOI $31,267 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$359.3K
$314.4K – $419.2K
NOI $25,153 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$765.3K
$669.6K – $892.8K
NOI $53,568 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four leased two-bedroom brick townhomes each include basements, with an additional 0.09-acre lot included.
Where is this quadplex located?
The property is located at 407 Oakwood Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Four unit brick townhome property built in 1900; Four leased 2‑bedroom townhomes, each with a basement; Fully leased on a month‑to‑month basis
