779-781 Stanley Avenue

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779-781 Stanley Avenue

Columbus, OH 43206
Asking Price
$430K
Asset Type
Multifamily
Class
Class B

What's Special

779-781 Stanley Avenue is located in the Southern Orchard neighborhood of Columbus, Ohio. This central location provides residents with immediate access to Nationwide Children’s Hospital and the expansive Schiller Park. The neighborhood features a mix of historic residential architecture and recent urban infill projects. Local transportation is supported by proximity to the COTA bus lines and quick access to Interstate 70 and State Route 315, connecting the property to the Downtown business district within minutes. This multifamily asset is suited for long-term rental operations or a strategic value-add renovation. The location attracts a tenant profile primarily composed of healthcare professionals, administrative staff from nearby medical facilities, and urban commuters seeking proximity to the city center. Given the area's density and ongoing revitalization efforts, the property is positioned to serve individuals looking for functional housing within an established residential pocket near major employment hubs.

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NOI
$80,000
Cap Rate
18.61%
DSCR
3.13
Strong
Cash-on-Cash
42.24%
Monthly Payment
$2,126.911
Annual Cash Flow
$54,477.072

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