1282 Lockbourne Road, Columbus, OH 43206
$445,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
10,019
Status:
Contingent
Current Price:
$445,000
List Date:
3/23/2026
Last Modified:
3/31/2026
Overview
Description
2022 NEW CONSTRUCTION RANCH DUPLEX | 15-YEAR TAX ABATEMENT
Pay taxes on the LAND ONLY through 2038. Take advantage of this rare, maintenance-free 2022 ground-up new construction ranch duplex. Built from the foundation up with modern energy efficiency and total structural peace of mind, this asset is positioned for maximum cash flow and long-term appreciation.
THE FINANCIALS:
15-Year Tax Abatement: 100% building abatement in place until 2038. Current annual taxes are just $1,296.
Current Income: Unit A is currently occupied at $1,697/mo.
Value-Add Opportunity: Unit B was previously rented for $1,800/mo for 3 years; it is now vacant, turn-key, and move-in ready for a new tenant or owner-occupant.
Low Expenses: Insurance is currently $900/year. All utilities, including water, are separately metered.
PROPERTY HIGHLIGHTS:
Spacious Layouts: Two identical 3BR/2BA units featuring open ranch floor plans.
Modern Finishes: Durable luxury LVP flooring throughout and timeless shaker cabinetry.
Oversized Lot: Situated on a generous 0.23-acre lot, offering more green space than typical city infills.
Location: Perfectly positioned near Roosevelt Park and Deshler Park, and just minutes from the massive employment hub of Nationwide Children's Hospital. One unit is currently rented and the other is available to view, see agent remarks for details. Please do not disturb tenants.
Disclosure: The listing agent is related to the owner.
Listing Details MLS# 226008689
Location Property Info
- Original List Price
- 445000
- Property Sub Type
- Duplex
- Street #
- 1282
- Street Name
- Lockbourne
- Street Suffix
- Road
- County
- Franklin
- State
- OH
- Zip Code
- 43206
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2026-03-23
General Property Info
- Number of Units
- 2
- Total Parking
- 4
- Off Street Parking Spaces
- 4
- Building Sqft
- 2007
- Year Built
- 2022
- Built Prior to 1978
- Yes
- Occupancy Rate
- 50
- Lot Size (Side)
- 145
- Acreage
- 0.23
Tax Info
- Parcel #
- 010-022525
- Zoning
- Residential
- Tax Year
- 2024
- Tax Abatement
- Yes
- Abatement End Date
- 2037-01-01
3 Bedroom
- 3 Bedroom # of Units
- 2
- 3 Bedroom Month Rent Per Unit
- 1697
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 221.72
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Mortgage Balance
- 250000
- Exchange
- No
Remarks & Misc
- Property Description
- 2022 NEW CONSTRUCTION RANCH DUPLEX | 15-YEAR TAX ABATEMENT Pay taxes on the LAND ONLY through 2038. Take advantage of this rare, maintenance-free 2022 ground-up new construction ranch duplex. Built from the foundation up with modern energy efficiency and total structural peace of mind, this asset is positioned for maximum cash flow and long-term appreciation. THE FINANCIALS: 15-Year Tax Abatement: 100% building abatement in place until 2038. Current annual taxes are just $1,296. Current Income: Unit A is currently occupied at $1,697/mo. Value-Add Opportunity: Unit B was previously rented for $1,800/mo for 3 years; it is now vacant, turn-key, and move-in ready for a new tenant or owner-occupant. Low Expenses: Insurance is currently $900/year. All utilities, including water, are separately metered. PROPERTY HIGHLIGHTS: Spacious Layouts: Two identical 3BR/2BA units featuring open ranch floor plans. Modern Finishes: Durable luxury LVP flooring throughout and timeless shaker cabinetry. Oversized Lot: Situated on a generous 0.23-acre lot, offering more green space than typical city infills. Location: Perfectly positioned near Roosevelt Park and Deshler Park, and just minutes from the massive employment hub of Nationwide Children's Hospital. One unit is currently rented and the other is available to view, see agent remarks for details. Please do not disturb tenants. Disclosure: The listing agent is related to the owner.
Income/Expenses
- Gross Income
- 0
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
Sewer
- Public Sewer
- Yes
Tenant Pays
- Water
- Yes
Heating
- Heat Pump
- Yes
Air Conditioning
- Central Air
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Tenant Pays:
Water
Heating:
Heat Pump
Air Conditioning:
Central Air
Sewer:
Public Sewer
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Red 1 Realty
Listing Agent:
Fan Yang
Last Updated: March - 31 - 2026
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