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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