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Property profile & analytics
OFF-MARKET
Small apartment buildings

5531 Worcester Dr Columbus, OH 43232

Built 1971
Property ID
US66-1112000
Property summary
AI-generated overview

This Columbus, Ohio duplex, located at 5531 Worcester Drive, presents a compelling investment opportunity. Built in 1971, this property sits on a spacious 13,939.2 square foot lot and features two units, each boasting three bedrooms and two and a half bathrooms, complete with basements. While the kitchens and bathrooms are in fair condition and haven't been upgraded, the property benefits from recent improvements including an upgraded electrical panel, a newer hot water tank, and a gas furnace. Each unit includes washer/dryer hookups and ample shelving for storage. The exterior requires minimal maintenance. Currently, one unit is leased until May 1, 2025, at a monthly rent of $925, while the other is month-to-month at the same rate. Rental rates are significantly below market value, offering immediate potential for increased income. Tenants are responsible for gas and electric, while the owner covers water expenses. The asking price is $347,000, translating to $138.36 per square foot. This is a long-term rental property with a history of stable ownership. Curbside offers only.

Property profile
Verified
Property type Small apartment buildings
Year built 1971
UPID US66-1112000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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