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2030 Jane Ave - Jane Ave Four-Plex 4 Unit Apartment Building Offered at $599,900 at a 5.91% Cap Rate Columbus, OH 43219
Investment Highlights
- Roof replacement 2018
- Slab foundation
- Easy to lease
Executive Summary
Prime Investment Opportunity! Well-maintained 4-unit multifamily property, with each unit offering 2 bedrooms, 1 full bath, and off-street parking. Currently 100% occupied, generating $4,250 per month in gross rental income, with tenants responsible for all utilities. The property benefits from a Low-Income Housing Tax Credit (LIHTC) tax abatement through December 31, 2028, with the potential to re-syndicate the tax credits for an additional 30 years. Property may also be utilized for Section 8 housing, subject to applicable program requirements and restrictions. Curb offers only. Please do not disturb tenants. Seller is a licensed real estate agent in the State of Ohio.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$51,000
|
$15.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,550
|
$0.76
|
| Effective Gross Income |
$48,450
|
$14.41
|
| Taxes |
$4,598
|
$1.37
|
| Operating Expenses |
$8,370
|
$2.49
|
| Total Expenses |
$12,968
|
$3.86
|
| Net Operating Income |
$35,482
|
$10.55
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $51,000 |
| Annual Per SF | $15.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,550 |
| Annual Per SF | $0.76 |
| Effective Gross Income | |
|---|---|
| Annual | $48,450 |
| Annual Per SF | $14.41 |
| Taxes | |
|---|---|
| Annual | $4,598 |
| Annual Per SF | $1.37 |
| Operating Expenses | |
|---|---|
| Annual | $8,370 |
| Annual Per SF | $2.49 |
| Total Expenses | |
|---|---|
| Annual | $12,968 |
| Annual Per SF | $3.86 |
| Net Operating Income | |
|---|---|
| Annual | $35,482 |
| Annual Per SF | $10.55 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010-103056 | Total Assessment | $31,330 (2025) |
| Land Assessment | $6,440 (2025) | Annual Taxes | $4,598 ($1.37/SF) |
| Improvements Assessment | $24,890 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
010-103056
Land Assessment
$6,440 (2025)
Improvements Assessment
$24,890 (2025)
Total Assessment
$31,330 (2025)
Annual Taxes
$4,598 ($1.37/SF)
Tax Year
2026
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2030 Jane Ave - Jane Ave Four-Plex