Multifamily Property Near Schiller
54-60 E Moler Street Columbus, OH 43207
54-60 E Moler Street, Columbus, OH, 43207
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For Sale
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Three buildings with two-bedroom apartments near Schiller Park.
Property Size5,400 SF
Price / SF$240.74
Days on Market621
Property Features for 54-60 E Moler Street
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Property subtype
- Special Purpose
Listing Agency
Chosen Real Estate Group
(330) 249-3499
Listed by
Nicholas Huscroft · License #2022001015
Source
Crexi
Added: Nov 7, 2024 Updated: Jul 10 at 11:20 am Checked: Jul 19 at 7:18 am
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 Chosen Real Estate Group
Investment Insights
Based on property information with market context.
This property features three buildings, each containing two-bedroom apartments. Located within walking distance of Schiller Park, the units are equipped with a stove, refrigerator, and washer/dryer. Off-street parking is available. The property offers potential for various uses. The total property size is 5400 square feet.
Key Highlights
- Three 2‑bedroom apartment buildings
- Walking distance to Schiller Park
- Each unit includes a stove and refrigerator
Local Financial Insights For Apartment 5plus
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 | $110.2k | $20.40 |
| − Vacancy | −$8.7k | −$1.61 |
| EGI | $101.5k | $18.79 |
| − OpEx | −$45.7k | −$8.45 |
| NOI | $55.8k | $10.33 |
5,400 SF · lease $20.40/SF/yr · vacancy 7.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$797.2K
$697.5K – $930.0K
NOI $55,802 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.09M
$952.3K – $1.27M
NOI $76,187 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Three buildings with two-bedroom apartments near Schiller Park.
Where is this apartment building located?
The property is located at 54-60 E Moler Street Columbus, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three 2‑bedroom apartment buildings; Walking distance to Schiller Park; Each unit includes a stove and refrigerator
