181-183 Olentangy Street

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181-183 Olentangy Street

Columbus, OH 43202
Asking Price
$525K
Asset Type
Multifamily
Class
Class B

What's Special

181-183 Olentangy Street is located in the University District of Columbus, situated just north of the Ohio State University campus. This residential pocket is characterized by a mix of historic architecture and modern infill development. The property provides immediate access to high-frequency transit lines along High Street and is within walking distance of retail corridors, grocery stores, and local dining. Nearby green space includes the Olentangy Trail and Tuttle Park, offering recreational opportunities in a dense urban setting. This multifamily asset is positioned to serve a consistent demographic of students, faculty, and young professionals seeking proximity to the university and downtown employment hubs. The location supports high-occupancy models, such as traditional long-term rentals or graduate student housing. Its central placement within a core submarker makes it suitable for investors looking for stable multi-unit residential use in an established neighborhood with a high concentration of renters and pedestrian-oriented infrastructure.

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NOI
$80,000
Cap Rate
15.24%
DSCR
2.57
Strong
Cash-on-Cash
31.00%
Monthly Payment
$2,597.414
Annual Cash Flow
$48,831.037

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