27-Unit Multifamily Property For
For Sale
Contact for pricing
6523 Dorothy's Creek, Columbus, OH 43110
27 units with community pool and clubhouse in Columbus, Ohio.
Property Size33,065 SF
Price / SF$119.46
Days on Market447
Property Features for 6523 Dorothy's Creek
General Information
Standard status
Active
Size
33,065 SF
Property subtype
Multifamily
Zoning
Multi-Family
Building Details
Year Built
2003
Buildings
4
Stories
2
Units
27
Listing Agency:
Best Corporate Real Estate
Listed By:
Valerie Tivin · License #2019002160
(614) 559-3350
Source:
Crexi
Added: Jul 30, 2025
Changed: Oct 10
Last Checked: Oct 19 at 5:31AM
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 Best Corporate Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property features 27 units and 4 garages. The unit mix includes 25 units with 2 bedrooms and 2 bathrooms, and 2 units with 3 bedrooms and 2 bathrooms. There are four different floor plans available. A condo association is in place with a total of 48 units for the complex. Residents have access to a community swimming pool and clubhouse with a gym. The property is located within the Groveport Madison School District. The property size is 33,065 square feet.
Key Highlights
- 27 Units For Sale featuring a mix of 2‑bed, 2‑bath and 3‑bed, 2‑bath layouts.
- Enjoy the community swimming pool and clubhouse with gym.
- Condo Association in Place (48 Units total).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,489
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,529,780
$4.5M
Cap Rate 7%
$3,235,557
$3.2M
Cap Rate 9%
$2,516,544
$2.5M
Market Conditions
NOI Build-Up for 33,065 SF
Gross rent
$440.4K $13.32/SF
− Vacancy
−$28.6K −$0.87/SF
EGI
$411.8K $12.45/SF
− OpEx
−$185.3K −$5.60/SF
NOI
$226.5K $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%
$4,529,780
Cap Rate 7%
$3,235,557
Cap Rate 9%
$2,516,544
Alternative Uses
Best Use
Apartment 5plus
$3.24M
$2.83M – $3.77M
NOI $226,489 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.89M
$6.03M – $8.04M
NOI $482,364 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
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Business Placement
Demographics for 43110, OH
40,953
Population
17,352
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
93%
High-School Grad
46.7 sq mi
ZIP Area
877
Density / Sq Mi
$76,334
Median Household Income
$48,216
Median Earnings
$1,218
Median Rent
$284,300
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?
Apartment building - 27 units with community pool and clubhouse in Columbus, Ohio.
Where is this apartment building located?
The property is located at 6523 Dorothy's Creek Columbus, OH.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 27 Units For Sale featuring a mix of 2‑bed, 2‑bath and 3‑bed, 2‑bath layouts.; Enjoy the community swimming pool and clubhouse with gym.; Condo Association in Place (48 Units total).
