1038 Lockbourne Road, Columbus, OH 43206

Columbus
Local realty services provided by:ERA Real Solutions Realty
1038 Lockbourne Road,Columbus, OH 43206
$630,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: michael b pillow
Office: lpt realty
MLS#:226001615
Source:OH_CBR

Price summary

  • Price:$630,000

About this home

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.

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Home facts

  • Year built:1923
  • Listing ID #:226001615
  • Added:68 day(s) ago
  • Updated:March 19, 2026 at 03:09 PM

Structure and exterior

  • Year built:1923
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$630,000
  • Tax amount:$9,532

Parking

  • Total parking spaces:4
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor ERA Real Solutions Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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