Multifamily Property Near Schiller
For Sale
Contact for pricing
54-60 E Moler Street, Columbus, OH 43207
Three buildings with two-bedroom apartments near Schiller Park.
Property Size5,400 SF
Price / SF$240.74
Days on Market713
Property Features for 54-60 E Moler Street
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Special Purpose
Building Details
Units
6
Listing Agency:
Chosen Real Estate Group
Listed By:
Nicholas Huscroft · License #2022001015
(330) 249-3499
Source:
Crexi
Added: Nov 7, 2024
Changed: Oct 12
Last Checked: Oct 20 at 9:18PM
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 Chosen Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features three buildings, each containing two-bedroom apartments. Located within walking distance of Schiller Park, the units are equipped with a stove, refrigerator, and washer/dryer. Off-street parking is available. The property offers potential for various uses. The total property size is 5400 square feet.
Key Highlights
- Three 2‑bedroom apartment buildings
- Walking distance to Schiller Park
- Each unit includes a stove and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,802
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,040
$1.1M
Cap Rate 7%
$797,171
$797.2K
Cap Rate 9%
$620,022
$620.0K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$110.2K $20.40/SF
− Vacancy
−$8.7K −$1.61/SF
EGI
$101.5K $18.79/SF
− OpEx
−$45.7K −$8.45/SF
NOI
$55.8K $10.33/SF
Area
ZIP 43207
Vacancy
7.90%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,040
Cap Rate 7%
$797,171
Cap Rate 9%
$620,022
Alternative Uses
Best Use
Apartment 5plus
$797.2K
$697.5K – $930.0K
NOI $55,802 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.09M
$952.3K – $1.27M
NOI $76,187 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three buildings with two-bedroom apartments near Schiller Park.
Where is this apartment building located?
The property is located at 54-60 E Moler Street Columbus, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three 2‑bedroom apartment buildings; Walking distance to Schiller Park; Each unit includes a stove and refrigerator
