16 Columbus Street, Bedford, OH 44146

Bedford
Local realty services provided by:Better Homes and Gardens Real Estate Central
16 Columbus Street,Bedford, OH 44146
$350,000
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  • 5 Beds
  • 3 Baths
  • 3,708 sq. ft.
  • Multi-family
  • Active
Listed by: erin thomas
Office: keller williams living
MLS#:5229555
Source:OH_NORMLS

Price summary

  • Price:$350,000
  • Price per sq. ft.:$94.39

About this home

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...

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Home facts

  • Year built:1920
  • Listing ID #:5229555
  • Added:1 day(s) ago
  • Updated:July 25, 2026 at 02:14 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:1
  • Half bathrooms:2
  • Basement:Yes
  • Basement Description:Partial, Unfinished
  • Living area:3,708 sq. ft.

Heating and cooling

  • Heating:Hot Water, Steam

Structure and exterior

  • Roof:Asphalt, Flat
  • Year built:1920
  • Building area:3,708 sq. ft.
  • Lot area:0.1 Acres
  • Construction Materials:Brick
  • Levels:2 Story, 3 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$350,000
  • Price per sq. ft.:$94.39
  • Tax amount:$4,018 (2025)

Parking

  • Parking description:Driveway
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