$1,120,000
UNDER CONTRACT

398 S Central Ave Columbus, OH 43223

Franklinton Neighborhood

Estimated payment $6,720/month

Total Views 1,734
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Welcome to this investment opportunity in the vibrant and growing Franklinton neighborhood of Columbus, Ohio. This well-maintained 17-unit apartment building offers a prime location, steady rental income, and significant potential for long-term growth. All units have been recently renovated in the last couple of years, and have nice rental grade finishes. Property is all electric. Property consists of 17 Units with 16 studio units and 1 one bedroom unit. Monthly income is approximately $11,000 per month with potential for over $12,000. Property has a large parking lot in the back of the building. Situated in Franklinton, minutes from downtown Columbus with easy access to major highways and bus access. Strong Rental History with consistent occupancy and well-established tenants.

Listing Agent

Ryan Maguire

Reafco License #2021005556

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,768

Year Built

  • Built in 1974

Lot Details

  • 0.27 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 010-013488

Community Details

Overview

  • 17 Units
  • Mid-Rise Condominium

Building Details

  • Operating Expense $20,766
  • Gross Income $128,417
  • Net Operating Income $107,651

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,768

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1974
  • Tax Year: 2024
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.27
  • Total Gross Income: 128417.34
  • Co List Office Phone: 614-636-2560
  • MLS Status: Contingent
  • Income Expenses Gross Income: 128417.34
  • Annual Expenses: 20766.18
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Common

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-013488
  • Lot Size Sq Ft: 11761.2

Multi Family

  • Number Of Units Total: 17
  • Net Operating Income: 107651.16
  • Annual Operating Expense: 20766.18

Tax Info

  • Tax Annual Amount: 5768.0

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 For Sale $1,120,000 +656.8% --
08/02/2016 08/02/16 Sold $148,000 -17.7% $23 / Sq Ft
07/03/2016 07/03/16 Pending -- -- --
05/05/2015 05/05/15 For Sale $179,900 -- $28 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225010198

Columbus and Central Ohio Regional MLS

APN: 010-013489

Ohio Franklin County Columbus 43223 Franklinton

398 S Central Ave, Columbus, OH

Homes for Sale in Columbus, OH

This home is located at 398 S Central Ave, Columbus, OH 43223 and is currently priced at $1,120,000. This property was built in 1974. 398 S Central Ave is a home located in Franklin County with nearby schools including Starling PK-8, West High School, and Central Point Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Listing Agent
Ryan Maguire
Section Image
Reafco
(380) 246-4483