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Dunbar Apartments 1870-1880 Dunbar Dr 41 Unit Apartment Building $2,860,000 ($69,756/Unit) 4.06% Cap Rate Columbus, OH 43224

Apartment Buildings Ohio Columbus 1870-1880 Dunbar Dr, Columbus, OH 43224

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INVESTMENT HIGHLIGHTS

  • 41 Total Units across two contiguous buildings — all one-bedroom, one-bath layouts for operational simplicity and high leasing velocity.
  • Solid Building Fundamentals with straightforward mechanical systems and efficient floorplans ideal for systematic upgrades.
  • Proven Value-Add Upside through interior renovations, modern finishes, and improved unit amenities to capture higher submarket rents.
  • Significant NOI Growth Potential via rent increases, utility optimization, and targeted exterior/common-area improvements.

EXECUTIVE SUMMARY

Matthew Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550

ATTACHMENTS

OM

PROPERTY FACTS

Price $2,860,000 Apartment Style Low-Rise
Price Per Unit $69,756 Building Class C
Sale Type Investment Building Size 25,168 SF
Cap Rate 4.06% Average Occupancy 100%
No. Units 41 No. Stories 3
Property Type Multifamily Year Built/Renovated 1963/2009
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $2,860,000
Price Per Unit $69,756
Sale Type Investment
Cap Rate 4.06%
No. Units 41
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Building Size 25,168 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1963/2009
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

LINKS

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Walk Score®
Very Walkable (74)
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 130-005354
  • 130-005356
  • 130-003505
 Improvements Assessment $168,210
Land Assessment $49,360 Total Assessment $217,570

PROPERTY TAXES

Parcel Numbers
Multiple
  • 130-005354
  • 130-005356
  • 130-003505
Land Assessment
$49,360
Improvements Assessment
$168,210
Total Assessment
$217,570
(330) 600-1044

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38611123

  • Date on Market: 12/1/2025

  • Last Updated:

  • Address: 1870-1880 Dunbar Dr, Columbus, OH 43224

More public record information on 1870-1880 Dunbar Dr, Columbus, OH 43224

The North Linden Multifamily Property at 1870-1880 Dunbar Dr, Columbus, OH 43224 is currently available. Contact Matthews Real Estate Investment Services for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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Dunbar Apartments | 1870-1880 Dunbar Dr
(330) 600-1044 x

Dunbar Apartments | 1870-1880 Dunbar Dr

Joey Miller
(330) 600-1044

Jared Leikin
(216) 255-5378

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