Address
16 Columbus Street, Bedford, OH
Price
$ 335,000
Property Attributes
- MLS#5229555
- TypeMulti-Family
- Listing Status Active
- CountyCuyahoga
- CityBedford
- NeighborhoodBedford
- Zip44146
- Style
- Year Built1920
- Taxes$ 4018
- Price$ 335,000
- Bedrooms5
- Full Bathrooms1
- Half Bathrooms2
- Sqr Footage2765
- Lot Size0.1025 Acres
Data Source:
MLSNow
Property 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.
| Price History | |
|---|---|
| 7/24/2026 | Listed $350,000 |
| 9/1/2026 | 4$335,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water,Steam |
| Cooling | Wall/Window Unit(s) |
| Possession | Delivery Of Deed |
| Roof | Asphalt,Flat |
| Construction Materials | Brick |
| Year Built | 1920 |
| Stories Count | 2 |
| Township | Bedford |
| Levels | Three Or More,Two |
| Property Subtype | Triplex |
| Tax Year | 2025 |
| Gross Income | 26542 |
| County | Cuyahoga |
| Operating Expense | 16058 |
| Property Type | Residential Income |
| Attached Garage | false |
| Subdivision Name | Bedford |
| Garage Y/N | false |
| Full Baths | 1 |
| Status | Active |
| Directions | South of Rockside Rd |
| ModificationTimestamp | 2026-09-01T20:34:18.027-00:00 |
| City | Bedford |
| High School District | Bedford CSD - 1803 |
| Lot Size Units | Acres |
| Carport Y/N | false |
| Tax Annual Amount | 4018.92 |
| Home Warranty Y/N | false |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Bedford CSD - 1803 |
| Elementary School District | Bedford CSD - 1803 |
| Year Built Source | Assessor |
| Property Sub Type Additional | Triplex |
| PostalCity | BEDFORD |
| Legal Description | 46 VILBED EP 252.93FTE OF CL BROADWAY 0061 |
Interior Features
| Basement | Partial,Unfinished |
|---|---|
| Total Stories | 3 |
| Basement (Y/N) | true |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Above Grade Finished Area | 2765 |
| Half Baths | 2 |
| Laundry Features | Main Level |
| Total Bedrooms | 5 |
| Below Grade Finished Area | 943 |
| Below Grade Finished Area Source | Assessor |
| Above Grade Finished Area Source | Assessor |
| Total Baths | 3 |
Exterior Features
| Parking Features | Driveway |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.1025 |
| Number of Buildings | 1 |
| Lot Size Acres | 0.1025 |
| Lot Size Source | Assessor |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 44146
Price
Taxes
Year Built
