1204 Oak St

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1204 Oak St

Columbus, OH 43205
Asking Price
$2.25M
Asset Type
Multifamily
Class
Class B

What's Special

1204 Oak Street is located in the Olde Towne East neighborhood of Columbus, Ohio. This historic district is characterized by a mix of preserved architecture and modern infill developments. The property sits within walking distance of Franklin Park Conservatory and the local commercial corridors along Oak Street and Parsons Avenue, which feature various restaurants, cafes, and independent retail shops. Access to the greater metropolitan area is provided by nearby entry points to Interstate 71 and Interstate 70, as well as multiple COTA bus lines serving the immediate vicinity. As a multifamily asset, the property is suited for residential conversion or traditional rental operations. The location typically attracts a tenant profile consisting of urban professionals and students, given its proximity to the Discovery District, Nationwide Children’s Hospital, and several downtown higher education institutions. The neighborhood’s residential density and pedestrian-friendly layout support long-term occupancy for units ranging from micro-apartments to multi-bedroom layouts. Professional management or value-add investment are common strategies for residential assets in this established urban submarket.

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NOI
$80,000
Cap Rate
3.56%
DSCR
0.60
Underwater
Cash-on-Cash
-7.94%
Monthly Payment
$11,131.772
Annual Cash Flow
$-53,581.268

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