548 W State Street, Columbus, OH 43215

$4,200,000
Property Type: Commercial Square Footage: 10,176 Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $4,200,000 List Date: 2/04/2026 Last Modified: 2/04/2026

Overview

Description

Exceptional Investment Opportunity in Franklinton! Built in 2019, this modern 12-unit apartment building plus 1 commercial space offers an outstanding turnkey opportunity in one of Columbus's fastest-growing neighborhoods. The property features twelve 1-bedroom, 1-bath units with tenant-paid utilities and strong occupancy — currently 100%. Designed for low-maintenance ownership, the building provides solid cash flow with significant upside as rents are currently under market. Located at 548 W State Street, it provides direct access to the heart of Franklinton's vibrant arts district and all that downtown Columbus has to offer and major downtown employers. With continued neighborhood revitalization, new development, and rising rental demand, this property is ideally positioned for long-term appreciation and income growth. Whether you're an experienced investor seeking a stabilized asset with value-add potential or expanding your Columbus portfolio, 548 W State presents a rare opportunity to own a newer-construction multifamily property in a premier urban location.

Listing Details MLS# 225042224

Location Property Info

Original List Price
4200000
Property Sub Type
Mixed Use
Street #
548
Street PreDirection
W
Street Name
State
Street Suffix
Street
County
Franklin
State
OH
Zip Code
43215
Township
None

OfficeContract Info

MLS Entry Date
2025-10-31

General Property Info

Total SqFt Available
10176
Bldg Sq Ft
10176
Max Cont Sqft Avail
10176
Minimum Sqft Avail
10176
# of Floors Above Gr
3
Year Built
2019
Lot Size (Side)
76
Acreage
0.11
# of Docks
0

Tax Info

Parcel #
010-010589
Tax Year
2024
Tax Abatement
Yes
Abatement End Date
2033-12-31
Taxes (Yrly)
17029

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
412.74
City (Mailing Addr)
Columbus
Corp LimitPerAuditor
Columbus

More Information

Office/Contract Info

For Sale
Yes
Exchange
No
For Lease
No
Lease Rate $/Sq Ft
0

Remarks & Misc

Property Description
Exceptional Investment Opportunity in Franklinton! Built in 2019, this modern 12-unit apartment building plus 1 commercial space offers an outstanding turnkey opportunity in one of Columbus's fastest-growing neighborhoods. The property features twelve 1-bedroom, 1-bath units with tenant-paid utilities and strong occupancy — currently 100%. Designed for low-maintenance ownership, the building provides solid cash flow with significant upside as rents are currently under market. Located at 548 W State Street, it provides direct access to the heart of Franklinton's vibrant arts district and all that downtown Columbus has to offer and major downtown employers. With continued neighborhood revitalization, new development, and rising rental demand, this property is ideally positioned for long-term appreciation and income growth. Whether you're an experienced investor seeking a stabilized asset with value-add potential or expanding your Columbus portfolio, 548 W State presents a rare opportunity to own a newer-construction multifamily property in a premier urban location.

Income/Expenses

Gross Income
0
Net Operating Income
0
Total Expenses
0

Addl Acceptance Cond

None Known
Yes

T Reimburses L

Curr Yr Est $/SF TRL
0

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: The Columbus Agents
Listing Agent: James E Richardson
Last Updated: February - 04 - 2026
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