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The Jack 982 S Front St 6 Unit Apartment Building $1,995,000 ($332,500/Unit) 7.76% Cap Rate Columbus, OH 43206
Investment Highlights
- Historic Adaptive Reuse Asset
- Creative Office Product
- On-Site Parking
- Prime Brewery District Location
- Owner-User or Investment Opportunity
- Stabilized Income with Upside
Executive Summary
Allied Real Estate Advisors, on behalf of Ownership, is pleased to present the opportunity to acquire The Jack, a distinctive mixed-use redevelopment located in the nationally recognized Brewery District of Columbus, Ohio. A model urban redevelopment project named for the building’s industrial past, The Jack consists of 4,500 square feet of new office space, six loft-style residential units, and associated parking. Designed by award-winning architecture firm WSA Studio, the project sits adjacent to the multi-million dollar “Brewer’s Gate” redevelopment. The residential units are driven by natural light and spatial quality, with open, flexible floor plans and high-quality, timeless finishes including hardwood floors, track lighting, custom hardware, premium plumbing fixtures, and stainless steel appliances. A shared rooftop terrace and dedicated off-street parking for each unit—a rare luxury in this area—further distinguish the offering. Positioned in one of Columbus’s most desirable historic districts, the property offers walkable
access to restaurants, bars, coffee shops, and Schiller Park, along with convenient highway access via I-71 at Greenlawn Avenue. Offering an excellent live-work environment, The Jack presents a compelling opportunity for both owner-users and investors seeking a well-located asset in a thriving, amenity-rich submarket.
access to restaurants, bars, coffee shops, and Schiller Park, along with convenient highway access via I-71 at Greenlawn Avenue. Offering an excellent live-work environment, The Jack presents a compelling opportunity for both owner-users and investors seeking a well-located asset in a thriving, amenity-rich submarket.
Property Facts
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $332,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 7.76% | Building Size | 13,104 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2012 |
| Price | $1,995,000 |
| Price Per Unit | $332,500 |
| Sale Type | Investment |
| Cap Rate | 7.76% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 13,104 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2012 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 010-039662 | Improvements Assessment | $217,420 |
| Land Assessment | $36,330 | Total Assessment | $253,750 |
Property Taxes
Parcel Number
010-039662
Land Assessment
$36,330
Improvements Assessment
$217,420
Total Assessment
$253,750
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