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:
11/06/2025
Last Modified:
11/07/2025
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.
Supplements: ********
More Information MLS# 225042224
Location & Property Info
List Price/SqFt: 412.74
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 10176
Bldg Sq Ft: 10176
Max Cont Sqft Avail: 10176
Minimum Sqft Avail: 10176
# of Docks: 0
Lot Size (Side): 76
# of Floors Above Gr: 3
Year Built: 2019
Acreage: 0.11
Tax Info
Tax Abatement: Yes
Abatement End Date: 2033-12-31
Taxes (Yrly): 17029
Parcel #: 010-010589
Tax Year: 2024
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: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 4200000
List Price: $4,200,000
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
Status: Active
MLS Entry Date: 2025-10-31
Property Features
Addl Acceptance Cond: None Known
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
The Columbus Agents
Listing Agent:
James E Richardson
Last Updated: November - 07 - 2025
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