All Brick Ranch Multi-Family
For Sale
$405,000
4714-4716 Arthur Court, Columbus, OH 43220
Multi-family property in central Columbus with updated units.
Property Size1,982 SF
Price / SF$204.34
Days on Market142
Property Features for 4714-4716 Arthur Court
General Information
Standard status
Active
Size
1,982 SF
Property subtype
Duplex
Amenities
Central Air
Forced Air
Building Details
Year Built
1969
Listing Agency:
Keller Williams Consultants
Listed By:
Lori Huff · License #OH
(614) 570-0667
Source:
Kw
Added: May 27
Changed: Oct 15
Last Checked: Oct 14 at 7:49PM
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
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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 / Yr
$16,877
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
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
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 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 4.17%
Second Best
Apartment 5plus
$193.9K
$169.7K – $226.3K
NOI $13,576 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$413.1K
$361.4K – $481.9K
NOI $28,914 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
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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
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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?
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 $405,000.
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.
