Current Use by Public Records
- Apartment buildings
Property Details for 369 17Th St
- Year built
- 1920
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9779
- Latitude
- 39.957
