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    1285 5Th St Columbus, OH 43201

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    1285 5Th St Columbus, OH 43201

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    • Small apartment buildings
    Off-Market
    Property ID
    US66-0629770
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 1285 5Th St

    Year built
    1930
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a charming two-unit duplex located at 1285 N 5th Street in Columbus, Ohio, within the 43201 zip code. Built in 1930, this property sits on a 4,356 square foot lot and offers a compelling blend of classic charm and modern convenience. The duplex comprises two distinct units: a spacious three-bedroom, three-bathroom unit perfect for larger families or shared living arrangements, and a cozy two-bedroom, one-bathroom unit ideal for a smaller household. Both units boast modern kitchens and benefit from a shared, expansive backyard, providing ample outdoor space. A two-car garage adds further convenience. The asking price is $525,000, translating to $172.58 per square foot. This property enjoys a prime location, offering close proximity to the vibrant downtown Columbus area, the trendy Short North Arts District, and the prestigious Ohio State University. Tenants are responsible for all utilities, minimizing the owner's operational expenses. This duplex presents a rare opportunity to acquire a well-located, income-generating property in a highly desirable Columbus neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9983796
    Latitude
    39.9894613

    Comparable in this City

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      Multifamily Investment Near Ohio State

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    • $699,000

      Six-Unit Townhome Apartment Building

      Six-unit apartment building near Ohio State University and Crew Stadium.
      300-310 E 9Th Ave, Columbus, OH 43201
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      University District Multifamily Investment Property

      Turnkey 8-unit building near OSU campus in Columbus.
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    • $1,250,000
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      Short North Apartments Value-Add Potential

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    Similar Nearby for Sale

    • $699,000
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      Six-Unit Townhome Apartment Building

      Six-unit apartment building near Ohio State University and Crew Stadium.
      300 E 9Th Ave, Columbus, OH 43201
      View Details
    • $1,550,000
      0.11 Acres

      University District Multifamily Investment

      Turnkey 8-unit building near OSU campus.
      27 W 8Th Ave, Columbus, OH 43201
      View Details
    • Contact for pricing

      University District Multifamily Investment Property

      Turnkey 8-unit building near OSU campus in Columbus.
      27 W 8Th Ave, Columbus, OH 43201
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    • $1,250,000
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      Short North Apartments Value-Add Potential

      Short North apartments near High Street with value-add potential.
      29 W 1St Ave, Columbus, OH 43201
      View Details
    • Contact for pricing

      Multifamily Investment Near Ohio State

      Five-unit property in the University District near Ohio State.
      174 E 12Th Ave, Columbus, OH 43201
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    • $699,000

      Six-Unit Townhome Apartment Building

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    Similar Nearby for Lease

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      Short North Mixed-Use Building

      Mixed-use building in vibrant Short North Arts District.
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      High-Visibility Retail in Short North

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      Retail Space on Fifth Avenue

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      High-Visibility Retail in Short North

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      Updated Warehouse with Central Location

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      10,400 SF

      Columbus Office/Warehouse Investment Opportunity

      Multi-tenant office/warehouse building near downtown Columbus for sale.
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    1285 5Th St
    Columbus, OH 43201
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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