1038 Lockbourne Road, Columbus, OH 43206

Columbus
Local realty services provided by:ERA Martin & Associates
1038 Lockbourne Road,Columbus, OH 43206
$630,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: michael b pillow
Office: lpt realty877-366-2213
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:101 day(s) ago
  • Updated:April 28, 2026 at 02:45 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 Martin & Associates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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