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- Description
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- Facts & Features
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Street View
$335,000
Monthly Est:$1,667
5 Beds
3 Baths1 full bath + 2 half baths
3,708sqft
16 Columbus St, Bedford, OH 44146
$335,000
$1,667/moEst:
Get Pre-Approved
Triplex
Built in 1920
$-- HOA
0.1 acre lot
$90/sq.ft
Description
Generate $3,550/month in rental income today with projected cash flow of nearly $1,000/month after debt service using typical financing. Located in Historic Downtown Bedford, this fully occupied mixed-use investment offers diversified income with two street-level commercial suites and one spacious 5-bedroom, 1-bath apartment. The salon and boutique each pay $900/month on month-to-month leases and have expressed interest in renewing, giving new ownership the opportunity to secure longer lease terms while increasing rents. The remodeled residential unit rents for $1,750/month and features updated LVP flooring, new kitchen cabinets and countertops, in-suite laundry, and two new hot water tanks. The commercial spaces have also been tastefully updated by their tenants. Current financials produce a 7.58% cap rate with a projected 9.05% cap rate through market rent adjustments, equating to approximately $326 per unit, per month in projected cash flow after debt service before principal paydown. Walkable to restaurants, shops, parks, and local businesses with convenient access to I-271 and I-480. Complete financial package and video walkthrough available upon request.
- Houzeo last checked: 12 hours ago
- Listing updated: September 1, 2026 at 8:34 pm
- Listing Provided by: Erin Thomas (440) 670-2300 DRE #2019005940 | Keller Williams Living (440) 318-1620
- Source: MLS Now-OH | MLS#: 5229555
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1920
HOA Fees
-
Finished Area
3,708 sqft
Lot Size
0.1 acre lot
Basement Area
- sqft
MLS Name
MLS Now
MLS Number
5229555
MLS Status
Active
Days on Market
75
Cumulative Days on Market
41
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Interior
Heating
Hot Water, Steam
Cooling
Wall Window Units
Sewer
Public Sewer
Construction
Year Built
Year Built: 1920
Home type
Triplex
Roof
Asphalt, Flat
Construction Materials
Brick
Utilities & Energy
Laundry Features
Main Level
Basement
Partial, Unfinished
Water Source
Public
Parking Features
Driveway
Other Features
Subdivision Name
Bedford
Price History
| Date | Event | Price |
|---|---|---|
07/23/2026 Source: | Listed for Sale | $350,000 +4.48% $94/sqft |
07/23/2026 Source: | Price Increased | $335,000 +172.58% $90/sqft |
06/30/2002 Source: | Listing Removed | $122,900 $33/sqft |
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