1084 E Hudson St - Apartments FOR SALE


Columbus, OH 43211- North Linden
$699,900 USD
614-665-5793
1084 E Hudson St, Columbus, OH for Sale
$699,900 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

1084 E Hudson St
Columbus, OH 43211
North Linden


HIGHLIGHTS

  • 12 of 13 one-bedroom units delivered vacant — full renovation and lease-up with no tenant relocation
  • CMHA 1BR payment standard in 43211 is $980/mo gross (eff. 8/1/26) against $700 in-place rent
  • MetroPCS storefront at $1,300/mo carries partial income through the residential turn

OVERVIEW

Mixed-use value-add -- thirteen 1BR/1BA units plus one commercial storefront, twelve residential units delivered vacant. This is a heavy value-add project, not a stabilized asset. The twelve vacant residential units require substantial renovation before they can be leased, and pricing reflects that condition. Buyers should underwrite a full gut-and-turn budget across the vacant unit mix plus a realistic lease-up period. In-place income is one residential unit at $700/month and the commercial suite leased to MetroPCS at $1,300/month, both month-to-month. A recent appraisal concluded an as-is value of $800,000 for the residential component; the commercial suite was excluded from that valuation. The return is on the other side of the renovation. CMHA's 2026 payment standard for a 1BR in the 43211 ZIP code is $980/month, effective 8/1/2026 -- a gross figure inclusive of the tenant utility allowance, with final contract rent subject to CMHA rent reasonableness and HQS approval. Against $700 in place, a renovated unit mix leased to voucher holders supports a materially higher rent roll, and a new owner executes the full turn and lease-up without relocating existing residents. Linden location, minutes from the Linden Community Center, I-71 and Easton, with COTA service on the corridor.

FOR SALE DETAILS

PRICE

$699,900 USD

PRICE/SF

$258 USD /SF

# OF UNITS

14

PRICE/UNIT

$49,993

CAP RATE

Request Cap Rate

% LEASED

14%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

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

Zeke ListonForge Real Estate AdvisorsMore Info
614-665-5793

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Zeke ListonForge Real Estate AdvisorsMore Info
614-665-5793

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