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1975-1982 Dunbar Dr 12 Unit Apartment Building $1,800,000 ($150,000/Unit) 5.74% Cap Rate Columbus, OH 43224
Investment Highlights
- Quiet dead end street.
- Longterm growth.
- Hard to find half bath.
Executive Summary
Prime investment opportunity for the savvy investor looking to scale their portfolio! This rare offering includes 12 units in the highly desirable and consistently easy-to-rent North Linden area, comprised of six duplex buildings. Each unit features 2 bedrooms, 1.5 baths, a private basement with washer/dryer hookups, and off-street parking for tenants.
Six of the twelve units have been fully renovated, while the remaining six are occupied by long-term tenants, providing stable cash flow with additional upside potential through future rent increases to market rates. Current rents average between $1,000–$1,200 per month.
Ownership has invested over $400,000 in improvements since acquisition, with a detailed list of updates available in the attached documents. Owner currently pays water and trash; tenants are responsible for all other utilities.
A strong value-add opportunity in a growing rental market—ideal for investors seeking both immediate income and long-term appreciation potential.
Six of the twelve units have been fully renovated, while the remaining six are occupied by long-term tenants, providing stable cash flow with additional upside potential through future rent increases to market rates. Current rents average between $1,000–$1,200 per month.
Ownership has invested over $400,000 in improvements since acquisition, with a detailed list of updates available in the attached documents. Owner currently pays water and trash; tenants are responsible for all other utilities.
A strong value-add opportunity in a growing rental market—ideal for investors seeking both immediate income and long-term appreciation potential.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $150,000 | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 11,880 SF |
| Cap Rate | 5.74% | Average Occupancy | 95% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.01/1,000 SF |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Zoning | N/Av, Columbus - 4-19 Apartments | ||
| Price | $1,800,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 11,880 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2024 |
| Parking Ratio | 1.01/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | N/Av, Columbus - 4-19 Apartments |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Attic
- Basement
- Deck
- Lawn
- Linen Closet
- Vinyl Flooring
- Window Coverings
Site Amenities
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 12 | - | 1,000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $335,620 (2025) | |
| Land Assessment | $14,390 (2025) | Total Assessment | $350,010 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$14,390 (2025)
Improvements Assessment
$335,620 (2025)
Total Assessment
$350,010 (2025)
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1975-1982 Dunbar Dr
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