Log In/Sign Up
Your email has been sent.
Dunbar Apartments 1870-1880 Dunbar Dr 41 Unit Apartment Building $2,750,000 ($67,073/Unit) 4.22% Cap Rate Columbus, OH 43224
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
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
| Price | $2,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $67,073 | Building Class | C |
| Sale Type | Investment | Building Size | 25,168 SF |
| Cap Rate | 4.22% | Average Occupancy | 100% |
| No. Units | 41 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2009 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $2,750,000 |
| Price Per Unit | $67,073 |
| Sale Type | Investment |
| Cap Rate | 4.22% |
| 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 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 130-005354 | Improvements Assessment | $59,990 |
| Land Assessment | $34,340 | Total Assessment | $94,330 |
Property Taxes
Parcel Number
130-005354
Land Assessment
$34,340
Improvements Assessment
$59,990
Total Assessment
$94,330
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Dunbar Apartments | 1870-1880 Dunbar Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.