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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