4308 E Main St Unit 1 Columbus, OH 43213
Estimated payment $2,528/month
Highlights
- Brick or Stone Mason
- Cooling Available
- Heating Available
About This Home
*VALUE-ADD MIXED-USE INVESTMENT | 7 UNITS + COMMERCIAL FRONTAGE*
Opportunity awaits at 4308 E Main Street, offering immediate income and long-term redevelopment potential in a high-visibility corridor. The property features a ready to build front office/commercial space paired with seven recently renovated private studio units (1 bed / 1 bath each) located in the rear of the building. Originally constructed as a motel, the property has been operating as rental units and generates approximately $625 per month per unit, creating a stable income stream for investors. The office space was previously rented for $2,000 a month and includes highly visible road signage. Beyond its current use, the flexible layout opens the door for numerous value-add opportunities. The building could continue operating as rental units or be repositioned for a variety of commercial uses, such as a beauty or wellness salon, professional office suites, small business incubator, motel, or service-based business hub. Located along East Main Street, the property benefits from strong daily traffic counts and convenient access to downtown Columbus, Bexley, Whitehall and major highways, making it attractive for both tenants and business owners. Whether you're an investor seeking cash flow or an entrepreneur looking for a flexible commercial space with built-in income potential, this property presents a rare opportunity to capitalize on a unique layout and prime location. Schedule a tour and own your piece of Columbus today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,132
Year Built
- Built in 1953
Lot Details
- 6,098 Sq Ft Lot
Parking
- 8 Parking Spaces
Home Design
- 2,207 Sq Ft Home
- Mixed Use
- Brick or Stone Mason
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 090-003811-00
Community Details
Overview
- 8 Units
Building Details
- Manager Expense $2,100
- Operating Expense $11,000
- Gross Income $21,000
- Net Operating Income $10,000
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 | $6,133 | $54,260 | $21,880 | $32,380 |
| 2024 | $6,133 | $54,260 | $21,880 | $32,380 |
| 2023 | $4,066 | $54,260 | $21,880 | $32,380 |
| 2022 | $4,448 | $54,370 | $12,570 | $41,800 |
| 2021 | $4,260 | $54,370 | $12,570 | $41,800 |
| 2020 | $4,211 | $54,370 | $12,570 | $41,800 |
| 2019 | $3,849 | $47,260 | $10,920 | $36,340 |
| 2018 | $1,947 | $47,260 | $10,920 | $36,340 |
| 2017 | $3,754 | $47,260 | $10,920 | $36,340 |
| 2016 | $3,559 | $42,990 | $10,920 | $32,070 |
| 2015 | $3,590 | $42,990 | $10,920 | $32,070 |
| 2014 | $3,591 | $42,990 | $10,920 | $32,070 |
| 2013 | $1,528 | $36,925 | $10,920 | $26,005 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2026 04/10/26 | For Sale | $414,900 | 0.0% | $188 / Sq Ft |
| 03/11/2026 03/11/26 | Off Market | $414,900 | -- | -- |
| 03/09/2026 03/09/26 | For Sale | $414,900 | -- | $188 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226006766
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Ask me questions while you tour the home.