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390 Edinburgh Rd 8 Unit Apartment Building $1,650,000 ($206,250/Unit) 2.62% Cap Rate Dublin, OH 43017
Executive Summary
Outstanding opportunity to acquire an eight-unit investment property in a prime Dublin location near I-270 and Route 161. Each unit is a two-bedroom, one-and-a-half-bath townhome with a full basement. All units are separately parceled and individually metered for gas and electric. Tenants pay water, helping keep owner expenses low. The property is fully leased with strong gross operating income. (Unit 390 is leased beginning April 1, 2025.) Each unit includes ample off-street parking plus a one-car detached garage. 2025 income and expense statements are available under the Documents tab. This is an exceptional opportunity for a 1031 exchange buyer seeking stable cash flow today with long-term appreciation potential in one of Central Ohio's most desirable rental markets.
Agent to Agent Remarks
Unit 390 is vacant until 331 26 and can be shown buyers may see the other offers with the contract that would include proof of funds or recent lender letter of opinion. Title insurance is with Talon title Title insurance and closing with Talon title Diane Anthony Danthony@talontitle.net The seller would appreciate earnest money deposit of 1% of the purchase price within three days after acceptance.
Agent to Agent Remarks
Unit 390 is vacant until 331 26 and can be shown buyers may see the other offers with the contract that would include proof of funds or recent lender letter of opinion. Title insurance is with Talon title Title insurance and closing with Talon title Diane Anthony Danthony@talontitle.net The seller would appreciate earnest money deposit of 1% of the purchase price within three days after acceptance.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) 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 (Actual - 2025) 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 | $1,650,000 | Building Class | C |
| Price Per Unit | $206,250 | Lot Size | 0.01 AC |
| Sale Type | Investment | Building Size | 8,192 SF |
| Cap Rate | 2.62% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 2.93/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | PUD | ||
| Price | $1,650,000 |
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 2.62% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.01 AC |
| Building Size | 8,192 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.93/1,000 SF |
| Zoning | PUD |
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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Property Taxes
| Parcel Number | 273-002486 | Improvements Assessment | $63,700 |
| Land Assessment | $11,380 | Total Assessment | $75,080 |
Property Taxes
Parcel Number
273-002486
Land Assessment
$11,380
Improvements Assessment
$63,700
Total Assessment
$75,080
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390 Edinburgh Rd
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