Four-Unit Brick
New
For Sale
$370,000
81 N Hampton Rd, Columbus, OH 43213
The property contains a mix of occupied and vacant one-bedroom apartments.
Property Size3,915 SF
Price / SF$94.51
Days on Market2
Property Features for 81 N Hampton Rd
General Information
Standard status
Active
Size
3,915 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Mid East
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1950
Construction
brick
Listing Agency:
Emily Keener, Keller Williams Greater Cols
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Oct 23
Last Checked: Oct 23 at 4:32AM
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 Emily Keener, Keller Williams Greater Cols
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Investment Insights
Based on property information with market context.
This 3,915-square-foot brick quadplex was built in 1950 and contains four one-bedroom apartments. Two units are occupied, while the other two are vacant.
Located at 81 N Hampton Rd in Columbus, the property offers a four-unit residential configuration with a defined one-bedroom unit mix.
Located at 81 N Hampton Rd in Columbus, the property offers a four-unit residential configuration with a defined one-bedroom unit mix.
Key Highlights
- Four one‑bedroom apartments
- 3,915 square feet in a brick building
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,337
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,740
$666.7K
Cap Rate 7%
$476,243
$476.2K
Cap Rate 9%
$370,411
$370.4K
Market Conditions
NOI Build-Up for 3,915 SF
Gross rent
$51.2K $13.08/SF
− Vacancy
−$3.6K −$0.92/SF
EGI
$47.6K $12.16/SF
− OpEx
−$14.3K −$3.65/SF
NOI
$33.3K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,740
Cap Rate 7%
$476,243
Cap Rate 9%
$370,411
Alternative Uses
Best Use
Multifamily LT 5
$476.2K
$416.7K – $555.6K
NOI $33,337 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$383.1K
$335.2K – $447.0K
NOI $26,817 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$815.9K
$713.9K – $951.9K
NOI $57,113 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 43213, OH
35,105
Population
17,069
Households
2.1
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
3,408
Density / Sq Mi
$53,908
Median Household Income
$37,753
Median Earnings
$1,107
Median Rent
$197,700
Median Home Value
Check the figures for this property
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?
Quadplex - The property contains a mix of occupied and vacant one-bedroom apartments.
Where is this quadplex located?
The property is located at 81 N Hampton Rd Columbus, OH.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Four one‑bedroom apartments; 3,915 square feet in a brick building; Built in 1950
