518 East Broad

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518 East Broad

Columbus, OH 43215
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

518 East Broad is situated in the Discovery District of downtown Columbus, Ohio. The property is positioned along a major east-west thoroughfare, providing immediate access to Interstate 71 and the broader highway system. The neighborhood is characterized by a mix of historic architecture and modern institutional buildings. It sits within walking distance of the Columbus Museum of Art, the Main Library, and the Topiary Park. The location is well-served by the COTA bus network and is adjacent to the creative and academic hubs centered around the Columbus College of Art and Design and Columbus State Community College. As a multifamily asset, this location is suited for market-rate rental apartments or student-oriented housing. The typical tenant profile includes young professionals working in the nearby Central Business District and faculty or students associated with the surrounding educational institutions. Given the proximity to major employers such as Nationwide Insurance and state government offices, the property is positioned to serve individuals seeking an urban lifestyle with short commute times. The area supports high walkability, appealing to residents who prioritize access to downtown employment centers, dining, and cultural amenities without reliance on a personal vehicle.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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