27-Unit Multifamily Property For
6523 Dorothy's Creek Columbus Ohio 43110, Columbus, OH 43110
27 units with community pool and clubhouse in Columbus, Ohio.
Type:Multifamily
Property size:
33,065 SFPrice / SF:
$119/SF- Added:
- Jul 30, 2025
- Days on Market:
- 297
- Last Refresh:
- Mar 17 at 1:21 pm
Property Features for 6523 Dorothy's Creek Columbus Ohio 43110
General Information
- Standard status
- Active
- Size
- 33,065 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2003
Listing agent Valerie Tivin License #2019002160
Listing office Best Corporate Real Estate
Listing date Jul 30, 2025
Source Crexi
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
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).
- 4 Garages For Sale.
- Four Different Floor Plans available.
- Located in the Groveport Madison School District.
Overview
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.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$2.52M
NOI $226,489 @ 9.00% cap · cautious / downside scenario
Moderate
$3.24M
NOI $226,489 @ 7.00% cap · market / base-case scenario
Aggressive
$4.53M
NOI $226,489 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $440.4k | $13.32 |
| − Vacancy | −$28.6k | −$0.87 |
| EGI | $411.8k | $12.45 |
| − OpEx | −$185.3k | −$5.60 |
| NOI | $226.5k | $6.85 |
33,065 SF · lease $13.32/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Use Scenarios
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 local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -82.822511
- Latitude
- 39.9048738
Nearby Similar for Sale
FAQs
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 Ohio 43110 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).
