488 N Jay St West Milton, OH 45383
West Milton AreaEstimated payment $2,449/month
About This Home
488 N Jay is a fully occupied four-unit building offered together with the adjacent 490 N Jay as an eight-unit package. The buildings are being sold as one transaction and will not be divided. All four units are leased, producing $3,700 per month / $44,400 annually in gross scheduled rent. Combined with 490 N Jay, the package produces $85,800 annually with a net operating income of $73,920 on current actuals. Owner-paid expenses across both buildings total $11,880 and are limited to insurance, taxes, landscaping, lawn treatment, trash, and repairs. Tenants pay all utilities except trash, which is served by a shared dumpster covering both properties. Expense figures do not include vacancy, management, capital reserves, or debt service. Unit 3 has been renovated and leases at $1,100 per month. The remaining units here rent at $850 and $900, giving a buyer an in-building comparable for the renovated rent level rather than a market assumption. Leases across both buildings expire on a staggered basis between August and October 2026. Please do not disturb tenants. Showings by appointment with proper notice to residents. Full rent roll, leases, and expense documentation available to qualified buyers on request. Buyer and buyer's agent to verify all information, including income and expenses, square footage, zoning and permitted use, unit count, registration or licensing requirements, and property condition. Any reference to potential rent levels is illustrative only and is not a projection of future performance; rent adjustments are subject to existing lease terms, required notice, and applicable law. Information obtained from sources deemed reliable but not guaranteed by broker or seller.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,385
Year Built
- Built in 1963
Lot Details
- 12,632 Sq Ft Lot
Home Design
- 1,854 Sq Ft Home
- Brick or Stone Mason
- Vinyl Siding
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for trash collection
- Assessor Parcel Number L39011630
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $5,940
- Gross Income $42,000
- Net Operating Income $36,060
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,499 | $28,140 | $10,780 | $17,360 |
| 2024 | $1,499 | $21,600 | $8,960 | $12,640 |
| 2023 | $1,385 | $21,600 | $8,960 | $12,640 |
| 2022 | $1,381 | $21,600 | $8,960 | $12,640 |
| 2021 | $1,405 | $21,600 | $8,960 | $12,640 |
| 2020 | $1,403 | $21,600 | $8,960 | $12,640 |
| 2019 | $1,454 | $21,600 | $8,960 | $12,640 |
| 2018 | $1,986 | $30,730 | $8,960 | $21,770 |
| 2017 | $1,992 | $30,730 | $8,960 | $21,770 |
| 2016 | $1,947 | $30,730 | $8,960 | $21,770 |
| 2015 | $1,911 | $30,730 | $8,960 | $21,770 |
| 2014 | $1,911 | $30,730 | $8,960 | $21,770 |
| 2013 | $1,879 | $30,730 | $8,960 | $21,770 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2026 08/04/26 | For Sale | $425,000 | 0.0% | $229 / Sq Ft |
| 06/06/2026 06/06/26 | Off Market | $425,000 | -- | -- |
| 10/23/2025 10/23/25 | Price Changed | $425,000 | -4.5% | $229 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $445,000 | -- | $240 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $227,000 | None Listed On Document | |
| Deed | -- | -- | |
| Deed | $116,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $431,300 | New Conventional |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225022141
APN: L39-011630
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