One-Bedroom Apartment
For Sale
$475,000
5400 Beacon Hill Rd, Columbus, OH 43228
Matching rental layouts include private mechanical systems and basement storage.
Property Size4,032 SF
Price / SF$117.81
Days on Market12
Property Features for 5400 Beacon Hill Rd
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$40,680
Amenities
secure storage area
Building Details
Year Built
1963
Listing Agency:
Alicia Sweazy, RE/MAX Partners
(740) 389-2000
Listed By:
Real Estate Showcase RES · License #301937
(740) 389-2000
Source:
Resmarion
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 30 at 4:01PM
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 Alicia Sweazy, RE/MAX Partners
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.
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 = 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
$35,067
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
7.38%
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%
$701,340
$701.3K
Cap Rate 7%
$500,957
$501.0K
Cap Rate 9%
$389,633
$389.6K
Market Conditions
NOI Build-Up for 4,032 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
$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 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%
$701,340
Cap Rate 7%
$500,957
Cap Rate 9%
$389,633
Alternative Uses
Best Use
Apartment 5plus
$501.0K
$438.3K – $584.5K
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
NOI $60,092 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
