1038 Lockbourne Rd Columbus, OH 43206
Driving Park NeighborhoodEstimated payment $4,138/month
About This Home
Four-unit apartment building conveniently located near I-70 and downtown. Two units currently occupied. Two units currently being updated. Off the street parking available for each unit. Total rents $6198 (fully-occupied, about a 9% CAP rate!). Separately-metered gas and electric. Spacious 3 bed/1 bath units, about 1,210 sq ft each (total above grade sf is 4,838).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,532
Year Built
- Built in 1923
Lot Details
- 7,405 Sq Ft Lot
Parking
- 4 Parking Spaces
Home Design
- 7,257 Sq Ft Home
Listing and Financial Details
- Assessor Parcel Number 010-049673
Community Details
Overview
- 4 Units
- Mid-Rise Condominium
Building Details
- Electric Expense $30
- Insurance Expense $3,802
- Water Sewer Expense $200
- Operating Expense $8,962
- Gross Income $76,752
- Net Operating Income $67,790
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,532 | $128,420 | $3,360 | $125,060 |
| 2024 | $9,532 | $128,420 | $3,360 | $125,060 |
| 2023 | $9,531 | $128,415 | $3,360 | $125,055 |
| 2022 | $3,370 | $44,940 | $3,360 | $41,580 |
| 2021 | $3,385 | $44,940 | $3,360 | $41,580 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/16/2026 01/16/26 | For Sale | $630,000 | -6.7% | $87 / Sq Ft | |
| 05/10/2022 05/10/22 | Sold | $675,000 | +12.7% | $93 / Sq Ft | View Prior Sale |
| 03/29/2022 03/29/22 | Pending | -- | -- | -- | |
| 03/25/2022 03/25/22 | For Sale | $599,000 | +88.4% | $83 / Sq Ft | |
| 06/21/2021 06/21/21 | Sold | $318,000 | -17.4% | $44 / Sq Ft | View Prior Sale |
| 05/24/2021 05/24/21 | Pending | -- | -- | -- | |
| 05/12/2021 05/12/21 | For Sale | $385,000 | -- | $53 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226001615
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