Multi-Family Residential Income
For Sale
$265,500
Pending
486 S Huron Ave, Columbus, OH 43204
Residential income multi-family property available for sale in Columbus, Ohio.
Property Size1,634 SF
Days on Market101
Property Features for 486 S Huron Ave
General Information
Standard status
Pending
Size
1,634 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Hilltop
Building Details
Year Built
1940
Listing Agency:
Emily Keener, Keller Williams Greater Cols
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Jul 16
Changed: Oct 23
Last Checked: Oct 23 at 6:49AM
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 Emily Keener, Keller Williams Greater Cols
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Investment Insights
Based on property information with market context.
This for-sale multifamily residential income property is located at 486 S Huron Avenue in Columbus, Ohio. The offering is categorized as an “other multifamily” asset type within the broader multifamily and residential income property classifications.
The property is presented as a residential income opportunity in Columbus, OH 43204. No additional building details, unit count, or condition information were provided with the listing data.
For additional specifics on layout, renovations, or any existing income characteristics, please request the full package or schedule a showing with the listing broker.
The property is presented as a residential income opportunity in Columbus, OH 43204. No additional building details, unit count, or condition information were provided with the listing data.
For additional specifics on layout, renovations, or any existing income characteristics, please request the full package or schedule a showing with the listing broker.
Key Highlights
- Residential income multi‑family property for sale in Columbus, Ohio
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,193
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,860
$223.9K
Cap Rate 7%
$159,900
$159.9K
Cap Rate 9%
$124,367
$124.4K
Market Conditions
NOI Build-Up for 1,634 SF
Gross rent
$21.8K $13.32/SF
− Vacancy
−$1.4K −$0.87/SF
EGI
$20.4K $12.45/SF
− OpEx
−$9.2K −$5.60/SF
NOI
$11.2K $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%
$223,860
Cap Rate 7%
$159,900
Cap Rate 9%
$124,367
Alternative Uses
Best Use
Apartment 5plus
$159.9K
$139.9K – $186.6K
NOI $11,193 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.5K
$298.0K – $397.3K
NOI $23,837 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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Business Placement
Demographics for 43204, OH
42,315
Population
19,286
Households
2.2
Avg Household Size
35
Median Age
25%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
4,502
Density / Sq Mi
$59,158
Median Household Income
$38,610
Median Earnings
$1,206
Median Rent
$170,900
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 - Residential income multi-family property available for sale in Columbus, Ohio.
Where is this multifamily property located?
The property is located at 486 S Huron Ave Columbus, OH.
What is the asking price?
The asking price for this property is $265,500.
What are key features of this property?
This property features: Residential income multi‑family property for sale in Columbus, Ohio; Built in 1940
