1038 Lockbourne Road, Columbus, OH 43206
New Listing
$630,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
7,405
Status:
Active
Current Price:
$630,000
List Date:
1/16/2026
Last Modified:
1/16/2026
Description
Four-unit apartment building conveniently located near I-70 and downtown. Two units currently occupied. Two units currently being updated. Off the street parking available for each unit. Total rents $6198 (fully-occupied, about a 9% CAP rate!). Separately-metered gas and electric. Spacious 3 bed/1 bath units, about 1,210 sq ft each (total above grade sf is 4,838).
Supplements: ********
More Information MLS# 226001615
Location & Property Info
List Price/SqFt: 86.81
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Built Prior to 1978: Yes
Total Parking: 4
Building Sqft: 7257
Use Code: 401 - APARTMENT:4-19 UNITS
Number of Units: 4
Year Built: 1923
Acreage: 0.17
Tax Info
Zoning: Commercial
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 9532
Tax Incentive: No
Parcel #: 010-049673
Tax Year: 2024
Remarks & Misc
Property Description: Four-unit apartment building conveniently located near I-70 and downtown. Two units currently occupied. Two units currently being updated. Off the street parking available for each unit. Total rents $6198 (fully-occupied, about a 9% CAP rate!). Separately-metered gas and electric. Spacious 3 bed/1 bath units, about 1,210 sq ft each (total above grade sf is 4,838).
Income/Expenses
Gross Income: 76752
Net Operating Income: 67790
Total Expenses: 8962
Addl Acceptance Cond
None Known: 1
Financials
Gross Rental Income: 6198
Expenses
Property Insurance: 3802
Electricity Expense: 30
Water Expense: 200
Construction
Brick: 1
3 Bedroom
3 Bedroom # of Units: 4
3 Bedroom Month Rent Per Unit: 1599
Heat Fuel
Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Miscellaneous
Basement: 1
Fireplace: 1
W/D Hookups: 1
Tenant Pays
Gas: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Owner Pays
Sewer: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 630000
List Price: $630,000
Property Sub Type: Midrise
Street #: 1038
Street Name: Lockbourne
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43206
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-01-16
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Sewer
Tenant Pays: Electricity; Gas
Heat Fuel: Gas
Construction: Brick
Water Source: Public
Sewer: Public Sewer
Miscellaneous: Basement; Fireplace; W/D Hookups
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
LPT Realty
Listing Agent:
Michael B Pillow
Last Updated: January - 16 - 2026
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