466 Weyant Ave Columbus, OH 43213

OFF-MARKET

Residential income homes

Property ID

US66-5475203

1,028 SF 0.12 ac lot Built 1950

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This Columbus, Ohio multifamily investment property, located at 466 S Weyant Ave, offers a compelling opportunity for income-seeking investors. The property consists of a two-story, 1,028 square foot building on a 0.12-acre lot (APN: 010-089243) and includes two buildings. Built in 1950 and extensively renovated in 2023, this Class B property boasts a current 100% occupancy rate, generating a Net Operating Income (NOI) of $14,445. The pro-forma NOI is projected at $17,445, reflecting a potential for increased profitability. The asking price is $159,000, representing a current cap rate of 9.08% and a pro-forma cap rate of 10.97%. The single rental unit currently commands $1,350 in monthly rent, with the existing lease expiring in Summer 2025. This stabilized investment offers a strong cash flow and significant potential for long-term returns. The property is situated in Franklin County, Ohio, with the address being 466 S Weyant Ave, Columbus, OH 43213. Cash offers only.

Property type Residential income homes

Year built 1950

Total area 1,028 SF

Lot 0.12 ac (5,227 SF)

UPID US66-5475203

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

466 Weyant Ave Columbus, OH 43213

Columbus metro

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