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Listed price in listed location currency (USD).
$630,000

004

MLS® 226001615

  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes $9,532
Days Active 36
Approx. Age 1923
MLS® Number 226001615

Property Address: 1038 Lockbourne Rd, Columbus, OH, 43206-1663

Average square foot calculated using Size range provided by listing agent.

Description

Income-producing 4-unit property generating $5, 600/month ($67, 200 annually) with tenants paying separate utilities, keeping owner expenses low and returns strong. Current cap rate approximately 8% with clear upside through cosmetic improvements and future rent increases. All four units currently leased at $1, 400/month, providing immediate and stable cash flow. Ideal opportunity for investors seeking a value-add property with forced appreciation potential and strong long-term rental demand. Excellent fit for buy-and-hold investors, BRRRR strategy, or portfolio expansion. Opportunity to increase property value through interior updates and operational improvements. Multi-family assets producing this level of income with upside potential are becoming increasingly rare at this price point.
MLS® Number226001615
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1923
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 16, 2026List Date
$630,000List Price
  • Commute

Commute

Starting Address
Destination Address
1038 Lockbourne Rd, Columbus, OH

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