407 Oakwood Avenue

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

407 Oakwood Avenue

Columbus, OH 43205
Asking Price
$595K
Asset Type
Multifamily
Class
Class B

What's Special

407 Oakwood Avenue is situated in the Old East Side neighborhood of Columbus, Ohio, approximately two miles east of the central business district. This residential corridor is characterized by a mix of historic architecture and recent urban infill projects. The property offers proximity to the Franklin Park Conservatory and Botanical Gardens, as well as the medical and employment hubs of the Near East Side. Local amenities include various dining options along the Main Street and Oak Street corridors. Transportation access is provided via nearby COTA bus lines and immediate entry points to Interstate 71 and Interstate 70. This multifamily asset is positioned for residential rental use, catering to a diverse tenant base. Given its location relative to downtown Columbus and major healthcare facilities, the property is suited for young professionals, healthcare workers, and students seeking proximity to urban employment centers. The neighborhood's residential density and historical character support long-term tenancy. The building’s configuration allows for traditional apartment leasing or a value-add strategy involving interior modernizations to meet current market standards. This location appeals to renters prioritizing walkability and short commute times to the city's primary commercial districts.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

NOI
$80,000
Cap Rate
13.45%
DSCR
2.26
Strong
Cash-on-Cash
25.03%
Monthly Payment
$2,943.735
Annual Cash Flow
$44,675.176

Location & Travel Times