$638,000
$37K PRICE DROP

1038 Lockbourne Rd Columbus, OH 43206

Driving Park Neighborhood

Estimated payment $4,146/month

Total Views 189
-- Bed
-- Bath
7,257 Sq Ft
$88 Price per Sq Ft

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).

Listing Agent

Michael Pillow

Century 21 HomeStar License #2022002091 Listed on: 12/14/2025

Century 21 HomeStar

Co-Listing Agent

Michael Ferrante

Century 21 HomeStar License #2019005741

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,532

Year Built

  • Built in 1923

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 7,257 Sq Ft Home
  • Fireplace
  • Basement

Additional Features

  • 7,405 Sq Ft Lot
  • Heating System Uses Gas

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,532

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1923
  • Tax Year: 2024
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.17
  • Total Gross Income: 76752.0
  • Co List Office Mls Id: 10386
  • Co List Office Phone: 440-449-9100
  • Co List Office Phone: 440-449-9100
  • MLS Status: Active
  • Location Property Info List PriceSqFt: 87.92
  • Remarks Misc Hot Sheet Comments: price
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 76752.0
  • Annual Expenses: 8962.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 7257.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Miscellaneous Fireplace: Yes
  • Owner Pays Sewer3: Yes
  • Water Source Public: Yes
  • Remarks Misc Property Description3: 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).
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 200.0

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-049673
  • Lot Size Sq Ft: 7405.2
  • Additional Parcels: No

Rental Info

  • Owner Pays: Sewer

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 30.0
  • Insurance Expense: 3802.0
  • Net Operating Income: 67790.0
  • Annual Operating Expense: 8962.0

Tax Info

  • Tax Annual Amount: 9532.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2025 12/14/25 Price Changed $638,000 0.0% $88 / Sq Ft
12/14/2025 12/14/25 For Sale $638,000 -5.5% $88 / Sq Ft
11/13/2025 11/13/25 Off Market $675,000 -- --
10/16/2025 10/16/25 For Sale $675,000 0.0% $93 / Sq Ft
10/16/2025 10/16/25 Off Market $675,000 -- --
10/15/2025 10/15/25 For Sale $675,000 0.0% $93 / 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

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225039202

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43206 Driving Park

1038 Lockbourne Rd, Columbus, OH

For Sale

MultiFamily

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