369 17Th St Columbus, OH 43205
This exceptional 10-unit apartment building, located at 369 S 17th Street in Columbus, Ohio, presents a compelling investment opportunity. Priced at $2,499,999, this property boasts a strong 7.2% cap rate and is currently 100% occupied, primarily with corporate or agency leases, ensuring a stable and consistent income stream. Built in 1920, the property offers well-maintained units requiring no immediate repairs, minimizing upfront capital expenditures. The convenient location directly across from Nationwide Children's Hospital provides a highly desirable tenant pool and strong rental demand. The seller is open to considering various financing options, including creative financing structures. The property's current management team is available to ensure a smooth transition for the new owner, maintaining operational efficiency and minimizing disruption. This is a rare opportunity to acquire a stable, high-performing multifamily asset in a prime Columbus location. The property features a price per square foot of $171.86. The lot size is not specified. This is a duplex/triplex/quadruplex style apartment building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.