6900-6928 Gemstar Road, Reynoldsburg, OH 43068
$1,595,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
33,977
Status:
Active
Current Price:
$1,595,000
List Date:
2/09/2026
Last Modified:
2/09/2026
Overview
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.
Listing Details MLS# 226002293
Location Property Info
- Original List Price
- 1595000
- 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
- MLS Entry Date
- 2026-01-23
General Property Info
- Number of Units
- 8
- # of Buildings
- 4
- Total Parking
- 19
- Building Sqft
- 2380
- Year Built
- 1987
- Built Prior to 1978
- No
- Acreage
- 0.78
Tax Info
- Parcel #
- 530-210669
- Tax Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 11549
3 Bedroom
- 3 Bedroom # of Units
- 8
- 3 Bedroom Month Rent Per Unit
- 1500
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
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
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
- Yes
Construction
- Block
- Yes
- Frame
- Yes
- Vinyl Siding
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- 1 Car Garage
- Yes
- Attached Garage
- Yes
- Common
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Miscellaneous
- Basement
- Yes
- Garages
- Yes
- W/D Hookups
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Central Air
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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: February - 09 - 2026
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