All Brick Ranch Multi-Family
For Sale
$445,000
Pending
4714-4716 Arthur Court, Columbus, OH 43220
Multi-family property in central Columbus with updated units.
Property Size1,982 SF
Days on Market81
Property Features for 4714-4716 Arthur Court
General Information
Standard status
Pending
Size
1,982 SF
Property subtype
Multi-Family / Duplex
Taxes and HOA fees
Annual Taxes
$5,990
Amenities
Central Air
Forced Air
Gas
Yes
Building Details
Year Built
1969
Listing Agency:
Keller Williams Consultants
(614) 570-0667
Listed By:
Lori E Huff · License #2006007396
(614) 570-0667
Source:
Compass
Added: May 25
Changed: Aug 8
Last Checked: Jul 24 at 1:34PM
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 Keller Williams Consultants
Investment Insights
Based on property information with market context.
This all-brick ranch multi-family property is located in a central Columbus neighborhood. Unit 4714 features 2 bedrooms and 2 full bathrooms, while unit 4716 includes 2 bedrooms and 1 1/2 baths. Both units have full basements equipped with washer and dryer hookups. A shared two-car garage is available for tenant use. Unit 4714 is currently vacant and available for showings. Unit 4716 is leased through May 31, 2027, at a rate of $1595, with tenants responsible for all utilities. Recent updates to unit 4714 include updated shower surrounds and new carpet. Unit 4716 has had several recent updates, including an electric panel replacement in 2019, a water heater replacement in September 2020, a range replacement in March 2021, a new furnace in January 2024, a new garbage disposal in March 2024, and a new tub surround in October 2024. Carbon fiber beams were installed on both sides of the property in 2019. The property size is 1982 square feet.
Key Highlights
- Leased Unit (4716) provides immediate rental income at $1595/month through 5/31/27.
- All‑brick multi‑family ranch in a desirable central Columbus location.
- Each unit features 2 bedrooms and a full basement with washer/dryer hookups.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,877
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,540
$337.5K
Cap Rate 7%
$241,100
$241.1K
Cap Rate 9%
$187,522
$187.5K
Market Conditions
NOI Build-Up for 1,982 SF
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.
Gross rent
$25.9K $13.08/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$24.1K $12.16/SF
− OpEx
−$7.2K −$3.65/SF
NOI
$16.9K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,540
Cap Rate 7%
$241,100
Cap Rate 9%
$187,522
Alternative Uses
Best Use
Multifamily LT 5
$241.1K
$211.0K – $281.3K
NOI $16,877 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$193.9K
$169.7K – $226.3K
NOI $13,576 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$413.1K
$361.4K – $481.9K
NOI $28,914 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 43220, OH
27,736
Population
14,157
Households
2
Avg Household Size
37
Median Age
63%
College-Educated
96%
High-School Grad
6.6 sq mi
ZIP Area
4,202
Density / Sq Mi
$77,090
Median Household Income
$49,863
Median Earnings
$1,202
Median Rent
$463,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Multi-family property in central Columbus with updated units.
Where is this duplex located?
The property is located at 4714-4716 Arthur Court Columbus, OH.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Leased Unit (4716) provides immediate rental income at $1595/month through 5/31/27.; All‑brick multi‑family ranch in a desirable central Columbus location.; Each unit features 2 bedrooms and a full basement with washer/dryer hookups.
