Building Details

Year Built 1963

Listing Agency: Ling Hunter, Red 1 Realty

Listed By: Real Estate Showcase RES Show Phone

Source: Resmarion

Added: Aug 20 Changed: Oct 16 Last Checked: Oct 16 at 8:37AM

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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 Ling Hunter, Red 1 Realty

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Investment Insights

Based on property information with market context.

This multifamily property at 5400 Beacon Hill Road in Columbus, Ohio, features a consistent apartment layout throughout. Each residence includes one bedroom, a living area, kitchen appliances, and a full bathroom positioned off the bedroom. Separate heating and air-conditioning equipment serves every unit, supporting individual climate control.

Secure storage areas assigned to the apartments are located in the basement. The property has remained under the same ownership for more than 55 years, providing a documented history of long-term stewardship.

Key Highlights

• One‑bedroom apartments with consistent layouts
• Living room, kitchen appliances, and full bath in each unit
• Separate heating and air‑conditioning systems for every apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,067

Cap Rate

7.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$701,340 $701.3K

Cap Rate 7%

$500,957 $501.0K

Cap Rate 9%

$389,633 $389.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,032 SF

Gross rent

$68.7K $17.04/SF

− Vacancy

−$4.9K −$1.23/SF

EGI

$63.8K $15.81/SF

− OpEx

−$28.7K −$7.12/SF

NOI

$35.1K $8.70/SF

Area

ZIP 43228

Vacancy

7.20%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$701,340

Cap Rate 7%

$500,957

Cap Rate 9%

$389,633

Alternative Uses

Best Use

Apartment 5plus

$501.0K

$438.3K – $584.5K (±1% cap)

NOI $35,067 @ 7.0% cap · market cap 7.38%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$858.5K

$751.2K – $1.00M (±1% cap)

NOI $60,092 @ 7.0% cap · market cap 12.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Gym & Fitness Center Kitchen & Bath Showroom Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

874

Businesses Nearby

Explore this area Business Placement

Demographics for 43228, OH

58,465

Population

25,623

Households

2.3

Avg Household Size

32

Median Age

26%

College-Educated

86%

High-School Grad

19.9 sq mi

ZIP Area

2,938

Density / Sq Mi

$60,895

Median Household Income

$40,211

Median Earnings

$1,169

Median Rent

$204,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Matching rental layouts include private mechanical systems and basement storage.

Where is this multifamily property located?

The property is located at 5400 Beacon Hill Rd Columbus, OH.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: One‑bedroom apartments with consistent layouts; Living room, kitchen appliances, and full bath in each unit; Separate heating and air‑conditioning systems for every apartment