614-629-5270
1084 E Hudson St, Columbus, OH for Sale
Apartments - FOR SALE
1/11
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1084 E Hudson St
Columbus, OH 43211
North Linden


HIGHLIGHTS

  • Unit Mix: 12 × 1BR/1BA, 1 × 2BR/1BA, 1 Retail Suite
  • Retail Tenant in Place: $2,100/Mo ($25K/YR) Provides Steady Income During Repositioning
  • Current Residential Rent: $700/Unit (Significant Upside to Market)
  • Market Rents (North Linden/Northeast Columbus): ~$1,200+/Unit Average (+1.7% YoY Growth)
  • Pro Forma Cap Rate @ Ask: 9.16%
  • Below Replacement Cost: $82K/Unit vs. Recent Comps at $90K–$120K/Unit

OVERVIEW

1084 E Hudson St represents a rare mixed-use investment combining 13 residential units with a street-level retail tenant. Offered at $1.15M ($82k/unit including retail), this property gives investors a below-market entry basis with a strong repositioning story. The asset is currently underperforming, with most residential units needing renovation. However, market rents in Northeast Columbus/North Linden average over $1,200 per unit, providing a significant rent growth opportunity compared to the single occupied unit at $700/month. The retail tenant contributes $25k annually, providing income stability during the renovation period. At the asking price, the property supports an 11.3% pro forma cap rate, offering investors double-digit returns on a below-replacement-cost acquisition in a growth corridor of Columbus.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

13

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,280 SF

ZONING

UGN-1

APN/PARCEL ID

010-100769

ASK ABOUT THIS PROPERTY

Bastian GehrerNAI Ohio Equities LLCMore Info
614-629-5270

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Bastian GehrerNAI Ohio Equities LLCMore Info
614-629-5270

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.