486 Hanley St Columbus, OH 43203
This four-unit apartment building, located at 486 Hanley Street in Columbus, Ohio, presents a compelling investment opportunity. Built in 1957, the property sits on a 4,356 square foot lot and boasts a desirable location between Ohio State University Hospital and a block from an Amazon in/out patient hub (half a mile away). The asking price is $425,000, translating to $205.91 per square foot. All four units are currently rented, providing immediate cash flow for the new owner. The property's strong rental history and convenient location near major medical facilities and amenities make it an attractive prospect for investors seeking a stable and profitable investment. The property's age suggests potential for future value appreciation through renovations or upgrades. This is a turnkey investment ready to generate income from day one. The property's address is 486 Hanley Street, Columbus, OH 43203. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a thriving Columbus neighborhood.
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
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.