$415,000
$135K PRICE DROP

Estimated payment $2,606/month

Total Views 8,581
-- Bed
-- Bath
2,740 Sq Ft
$151 Price per Sq Ft

Highlights

  • 1.85 Acre Lot
  • Forced Air Heating and Cooling System
  • Garage
  • Lincoln High School Rated A-

About This Home

Great investment property with 5 income producing units. The front house can be used as a short term rental and is currently rented for three months at $1,600 a month; a garage that was converted to a living unit is rented for $950, a duplex that rents for $950 each side a month and a modular that is rented for $1,050 a month. There is a total of 1.83 acres and could potentially be developed. The modular is not permitted to be on the property but has been there since 2014. **** Realtor owned.

Listing Agent

Ben Larbus

Key Realty License #2007002028 Listed on: 06/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,345

Year Built

  • Built in 1964

Parking

  • Garage

Home Design

  • 2,740 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction
  • Frame Construction

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Well

Additional Features

  • Washer and Dryer Hookup
  • 1.85 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 191-002752-00

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $675
  • Gross Income $5,500
  • Net Operating Income $5,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,345

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1964
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 1.85
  • Total Gross Income: 5500.0
  • Co List Office Phone: 614-300-0771
  • MLS Status: Active
  • Location Property Info List PriceSqFt: 151.46
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 5500.0
  • Annual Expenses: 675.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2740.0
  • Miscellaneous WD Hookups: Yes
  • Heat Fuel Electric4: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Miscellaneous Garages: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Water Source Well5: Yes
  • Remarks Misc Property Description3: Great investment property with 5 income producing units. The front house can be used as a short term rental and is currently rented for three months at $1,600 a month; a garage that was converted to a living unit is rented for $950, a duplex that rents for $950 each side a month and a modular that is rented for $1,050 a month. There is a total of 1.83 acres and could potentially be developed. The modular is not permitted to be on the property but has been there since 2014. **** Realtor owned.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features 1 Car Garage2: Yes

Utilities

  • Heating: Forced Air
  • Cooling: Central Air, Other
  • Cooling Y N: Yes
  • Utilities: Water Available, Natural Gas Available, Electricity Available
  • Water Source: Well
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: GAHANNA JEFFERSON CSD 2506 FRA CO.

Lot Info

  • Parcel Number: 191-002752-00
  • Lot Size Sq Ft: 80586.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Monthly Rent (Other): 1050.0
  • Number Of Units Total: 5
  • Net Operating Income: 5000.0
  • Annual Operating Expense: 675.0

Map

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $16,345 $110,500 $32,550 $77,950
2023 $7,776 $110,495 $32,550 $77,945
2022 $14,027 $69,720 $13,020 $56,700
2021 $6,772 $69,720 $13,020 $56,700
2020 $6,568 $69,720 $13,020 $56,700
2019 $5,755 $60,310 $13,020 $47,290
2018 $4,902 $60,310 $13,020 $47,290
2017 $4,576 $60,310 $13,020 $47,290
2016 $4,131 $44,490 $13,930 $30,560
2015 $4,082 $44,490 $13,930 $30,560
2014 $4,056 $44,490 $13,930 $30,560
2013 $2,146 $46,830 $14,665 $32,165
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2025 09/18/25 Price Changed $415,000 -2.4% $151 / Sq Ft
07/11/2025 07/11/25 Price Changed $425,000 -5.6% $155 / Sq Ft
07/06/2025 07/06/25 Price Changed $450,000 -5.3% $164 / Sq Ft
06/19/2025 06/19/25 Price Changed $475,000 -5.0% $173 / Sq Ft
06/18/2025 06/18/25 Price Changed $500,000 -2.9% $182 / Sq Ft
06/16/2025 06/16/25 Price Changed $515,000 -1.9% $188 / Sq Ft
06/10/2025 06/10/25 Price Changed $525,000 -4.5% $192 / Sq Ft
06/08/2025 06/08/25 For Sale $550,000 0.0% $201 / Sq Ft
03/15/2025 03/15/25 Rented $1,600 0.0% --
03/14/2025 03/14/25 Price Changed $1,600 -11.1% $1 / Sq Ft
02/05/2025 02/05/25 For Rent $1,800 -- --
Source: Columbus and Central Ohio Regional MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Gahanna Title
Quit Claim Deed -- Gahanna Title
Quit Claim Deed -- None Available
Warranty Deed $85,000 Attorney
Sheriffs Deed $130,000 Attorney
Deed $82,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $68,000 Seller Take Back
Source: Public Records

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225020559

Columbus and Central Ohio Regional MLS

APN: 191-002752