$669,900
$20K PRICE DROP

1038 Lockbourne Rd Columbus, OH 43206

Driving Park Neighborhood

Estimated payment $4,525/month

Total Views 3,209
-- Bed
-- Bath
7,257 Sq Ft
$92 Price per Sq Ft

About This Home

Prime investment opportunity in the heart of Driving Park! This fully occupied, brick 4-unit building offers strong rental income with most tenants on a month-to-month lease, providing flexibility for future owners. Each unit features 3 bedrooms and 1 bath, with updates throughout. Situated just minutes from Nationwide Children's Hospital, this property benefits from Roosevelt Park right across the street, offering green space for tenants. Additionally, the rear lot (approximately 40ft x 45ft) and large basement present a potential for developing additional units on the property (feasibility due diligence required). This turnkey investment opportunity comes with room for growth!

Listing Agent

Jake Bluvstein

RE/MAX Partners License #2018004284 Listed on: 04/11/2025

RE/MAX Partners

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,532

Year Built

  • Built in 1923

Home Design

  • 7,257 Sq Ft Home
  • Brick Exterior Construction

Parking

  • Common or Shared Parking
  • Shared Driveway

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 010-049673

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $19,431
  • Gross Income $72,588
  • Net Operating Income $53,156

Property Details

Home Type

Apartment

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: Apartment
  • Lot Size Acres: 0.17
  • Total Gross Income: 72588.0
  • Co List Office Phone: 614-224-4900
  • MLS Status: Active
  • Subdivision Name: Driving Park
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 72588.0
  • Annual Expenses: 19431.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 7257.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common

Utilities

  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
  • Water Source: Public

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-049673
  • Lot Size Sq Ft: 7405.2
  • Zoning Description: 401 - Apartment

Rental Info

  • Owner Pays: Sewer, Water

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 53156.0
  • Annual Operating Expense: 19431.0

Tax Info

  • Tax Annual Amount: 9532.0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 Price Changed $669,900 -2.9% $92 / Sq Ft
04/11/2025 04/11/25 For Sale $689,900 +2.2% $95 / Sq Ft
05/10/2022 05/10/22 Sold $675,000 +12.7% $93 / Sq Ft
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
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: 225011820

Columbus and Central Ohio Regional MLS

Ohio Franklin County Columbus 43206 Driving Park

1038 Lockbourne Rd, Columbus, OH

This home is located at 1038 Lockbourne Rd, Columbus, OH 43206 and is currently priced at $669,900, approximately $92 per square foot. This property was built in 1923. 1038 Lockbourne Rd is a home located in Franklin County with nearby schools including Fairwood Alternative Elementary School, South High School, and Capital Collegiate Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Jake Bluvstein
Listing Agent
Jake Bluvstein
Section Image
RE/MAX Partners
(380) 225-5203