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802 Kenwick Rd 4 Unit Apartment Building $650,000 ($162,500/Unit) 5.57% Cap Rate Columbus, OH 43209
Investment Highlights
- Prime Location
- Convenient Access to Downtown Columbus
- Units Near Bexley, East Market, & Franklin Park Conservatory
- Spacious 2-Bedroom Units
- Immediate Cash Flow/ Growth Potential
- Timeless Hardwood Flooring
Executive Summary
Excellent investment opportunity in highly desirable South Eastmoor! This well-maintained, all-brick four-unit property offers a strong combination of existing rental income, quality improvements, and long-term investment potential. Each of the four spacious units features 2 bedrooms and 1 full bath, with three currently rented at $985, $995, and $975 per month and one unit vacant--providing immediate opportunity to lease at current market rent or accommodate an owner-occupant. The property has been thoughtfully updated while maintaining its original character. Units feature refinished hardwood floors, decorative fireplaces, separate dining rooms, and updated kitchens with soft-close cabinetry, granite countertops, and stainless steel appliances. Additional capital improvements include newer windows, updated bathrooms, and all HVAC systems replaced between 2017 and 2021, and 3 water heaters are less than 1 year old. The large, clean basement provides four individual laundry areas and private storage for each unit, while four detached one-car garage spaces offer additional tenant amenities and potential income opportunities. With its all-brick construction, slate roof, significant updates, established rental income, Columbus taxes, and desirable South Eastmoor location, this property presents an attractive opportunity for investors looking to add a quality multi-family asset to their portfolio. Turnkey income today with additional upside potential for tomorrow.
Financial Summary (Actual - 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 (Actual - 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
Amenities
Site Amenities
- Laundry Facilities
- Security System
- Trash Pickup - Curbside
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,063 | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010-054785 | Improvements Assessment | $103,110 (2025) |
| Land Assessment | $11,480 (2025) | Total Assessment | $114,590 (2025) |
Property Taxes
Parcel Number
010-054785
Land Assessment
$11,480 (2025)
Improvements Assessment
$103,110 (2025)
Total Assessment
$114,590 (2025)
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802 Kenwick Rd