Property Type:
Multi-Family
Lot Size (sq. ft.):
11,761
Status:
Closed
Current Price:
$920,000
List Date:
9/18/2025
Last Modified:
3/10/2026
Overview
Description
1084 E Hudson St represents a rare mixed-use investment combining 13 residential units with a street-level retail tenant. Offered at $1.15M ($82k/unit including retail), this property gives investors a below-market entry basis with a strong repositioning story.
The asset is currently underperforming, with most residential units needing renovation. However, market rents in Northeast Columbus/North Linden average over $1,200 per unit, providing a significant rent growth opportunity compared to the single occupied unit at $700/month. The retail tenant contributes $25k annually, providing income stability during the renovation period.
At the asking price, the property supports an 11.3% pro forma cap rate, offering investors double-digit returns on a below-replacement-cost acquisition in a growth corridor of Columbus.
Last Updated: March - 10 - 2026
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