6900-6928 Gemstar Road, Reynoldsburg, OH 43068

New Listing
$1,595,000
Property Type: Multi-Family Lot Size (sq. ft.): 33,977 Status: Active
Current Price: $1,595,000 List Date: 1/23/2026 Last Modified: 1/23/2026

Description

Rare multi-unit investment opportunity in Reynoldsburg offering eight total townhome-style residences across four separate buildings, all located on one parcel within the Groveport Madison School District. Each building features two units, and every home offers a functional and spacious layout with 3 bedrooms, 2.5 baths, an attached garage, and a full basement, features that consistently drive strong rental demand. 7 of the 8 units have had major recent renovations. Each unit is individually metered for gas, electric, and water, with tenants responsible for all utilities, helping keep operating expenses low for ownership. Current rents range from $1,300 to $1,595 per month, providing immediate income with long-term upside as the Reynoldsburg rental market continues to strengthen. The townhome design offers private entrances, garage parking, and additional basement storage or living space, all of which appeal to long-term tenants. The four-building configuration provides a neighborhood feel while maintaining management efficiency. Conveniently located near major roadways, shopping, dining, and employment centers, this property is well positioned for steady occupancy. An excellent opportunity for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset in a growing suburban market. Curb offers only. Please do not disturb tenants.

Supplements: ********

More Information MLS# 226002293

Location & Property Info

List Price/SqFt: 670.17 City (Mailing Addr): Reynoldsburg Corp LimitPerAuditor: Columbus Dist To Intersxn: 2

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

# of Buildings: 4 Built Prior to 1978: No Total Parking: 19 Building Sqft: 2380 Number of Units: 8 Year Built: 1987 Acreage: 0.78

Tax Info

Tax Abatement: No Taxes (Yrly): 11549 Parcel #: 530-210669 Tax Year: 2024

Remarks & Misc

Property Description: Rare multi-unit investment opportunity in Reynoldsburg offering eight total townhome-style residences across four separate buildings, all located on one parcel within the Groveport Madison School District. Each building features two units, and every home offers a functional and spacious layout with 3 bedrooms, 2.5 baths, an attached garage, and a full basement, features that consistently drive strong rental demand. 7 of the 8 units have had major recent renovations. Each unit is individually metered for gas, electric, and water, with tenants responsible for all utilities, helping keep operating expenses low for ownership. Current rents range from $1,300 to $1,595 per month, providing immediate income with long-term upside as the Reynoldsburg rental market continues to strengthen. The townhome design offers private entrances, garage parking, and additional basement storage or living space, all of which appeal to long-term tenants. The four-building configuration provides a neighborhood feel while maintaining management efficiency. Conveniently located near major roadways, shopping, dining, and employment centers, this property is well positioned for steady occupancy. An excellent opportunity for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset in a growing suburban market. Curb offers only. Please do not disturb tenants.

Income/Expenses

Gross Income: 0 Net Operating Income: 0 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

Construction

Block: 1 Frame: 1 Vinyl Siding: 1

3 Bedroom

3 Bedroom # of Units: 8 3 Bedroom Month Rent Per Unit: 1500

Heat Fuel

Gas: 1

Parking Features

1 Car Garage: 1 Attached Garage: 1 Common: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Miscellaneous

Basement: 1 Garages: 1 W/D Hookups: 1

Tenant Pays

Gas: 1 Sewer: 1 Trash Collection: 1 Water: 1 Electricity: 1

Auction Info

Auction/Online Bidding Y/N: No

Heating

Forced Air: 1

New Financing

Conventional: 1

Air Conditioning

Central Air: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1595000 List Price: $1,595,000 Property Sub Type: Duplex Street #: 6900-6928 Street Name: Gemstar Street Suffix: Road County: Franklin State: OH Zip Code: 43068 Subdiv/Cmplx/Comm: Independence Village School District: GROVEPORT MADISON LSD 2507 FRA CO. Township: None

OfficeContract Info

Status: Active MLS Entry Date: 2026-01-23

Property Features

Addl Acceptance Cond: None Known Parking Features: 1 Car Garage; Attached Garage; Common Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Block; Frame; Vinyl Siding Water Source: Public Sewer: Public Sewer Miscellaneous: Basement; Garages; W/D Hookups New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided
Listing Office: Howard Hanna Real Estate Svcs
Listing Agent: Benjamin Thomas Hemmert
Last Updated: January - 23 - 2026
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