605-611 Lilley Avenue, Columbus, OH 43205
New Listing
$475,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
7,841
Status:
Active
Current Price:
$475,000
List Date:
4/01/2026
Last Modified:
4/01/2026
Overview
Description
Rare brick investment opportunity featuring four townhouse-style units, each offering 2 bedrooms and 1 bathroom, ideally located just minutes from Nationwide Children's Hospital, Franklin Park Conservatory and Botanical Gardens, and downtown Columbus. Many updates done throughout the property including a new roof in 2020. Currently generating $4,115 per month in rental income, Unit 605 is leased at $1,065 per month through March 31, 2027; Unit 607 is rented at $1,025 per month through February 28, 2026; Unit 609 is leased at $1,140 per month on a month-to-month basis; and Unit 611 is rented to a long term tenant at $885 per month through May 31, 2026. Tenants are responsible for all utilities, including water, which is individually sub-metered--helping to minimize owner expenses and maximize net operating income. This is a strong opportunity for investors seeking a well-maintained, stabilized asset with in-place cash flow and additional upside through rent optimization.
Listing Details MLS# 226009896
Location Property Info
- Original List Price
- 475000
- Property Sub Type
- Townhouse
- Street #
- 605-611
- Street Name
- Lilley
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43205
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2026-04-01
General Property Info
- Number of Units
- 4
- Building Sqft
- 4920
- Year Built
- 1920
- Built Prior to 1978
- Yes
- Acreage
- 0.18
Tax Info
- Parcel #
- 010-055732
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 7254
2 Bedroom
- 2 Bedroom # of Units
- 4
- 2 Bedroom Month Rent Per Unit
- 1140
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 96.54
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- Rare brick investment opportunity featuring four townhouse-style units, each offering 2 bedrooms and 1 bathroom, ideally located just minutes from Nationwide Children's Hospital, Franklin Park Conservatory and Botanical Gardens, and downtown Columbus. Many updates done throughout the property including a new roof in 2020. Currently generating $4,115 per month in rental income, Unit 605 is leased at $1,065 per month through March 31, 2027; Unit 607 is rented at $1,025 per month through February 28, 2026; Unit 609 is leased at $1,140 per month on a month-to-month basis; and Unit 611 is rented to a long term tenant at $885 per month through May 31, 2026. Tenants are responsible for all utilities, including water, which is individually sub-metered--helping to minimize owner expenses and maximize net operating income. This is a strong opportunity for investors seeking a well-maintained, stabilized asset with in-place cash flow and additional upside through rent optimization.
Income/Expenses
- Gross Income
- 0
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Miscellaneous
- Basement
- Yes
Tenant Pays
- Gas
- Yes
- Water
- Yes
- Electricity
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Tenant Pays:
Electricity; Gas; Water
Heat Fuel:
Gas
Construction:
Brick
Miscellaneous:
Basement
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Red 1 Realty
Listing Agent:
Zeke Liston
Last Updated: April - 01 - 2026
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