3349 E Broad St is a four-unit multifamily in Columbus’s Eastmoor neighborhood, featuring two 1-bed/1-bath and two 2-bed/1-bath units, totaling 6 beds and 4 baths across 3,890 sqft. Leveraging current neighborhood comps and citywide median rents, monthly gross rent potential is estimated between $3,690 and $4,890. This equates to annual revenues of roughly $44K–$59K, suggesting a payback period of 5–6 years on the current $280K list price—remarkably strong by local standards. Columbus’s rental market remains robust, with high demand and near-record occupancy rates, especially for workforce multifamily in transit corridors. The property’s high-visibility mixed-use zoning and ample parking enhance appeal, though dated interiors and receivership status may require upfront investment for stabilization and repositioning.

To maximize rental income, consider renovating kitchens, baths, and common areas, modernizing mechanicals, and enhancing curb appeal—these upgrades consistently boost rents and reduce vacancy in this submarket. If selling, highlight the property’s redevelopment potential under new zoning, strong rent rolls post-renovation, and its rare parking ratio. For investors, the asset offers solid cash flow out of the gate with upside through value-add improvements and future mixed-use redevelopment.