$850,000

642 W State St Columbus, OH 43215

East Franklinton Neighborhood

Estimated payment $4,756/month

-- Bed
-- Bath
1,324 Sq Ft
$642 Price per Sq Ft

About This Home

Located in the heart of East Franklinton, this multi-unit property includes 7 fully detached homes within walking distance to breweries, restaurants, and entertainment.

TAX ABATEMENT PENDING and situated in an Opportunity Zone.

Recent upgrades in several units include:
• New HVAC systems
• Updated windows, roofs, siding
• Modern tile, flooring, and fixtures
• New appliances
• Electrical and plumbing updates

This property benefits from strong rental demand and organic rent growth in a neighborhood undergoing rapid redevelopment.

A rare opportunity to secure a large, updated portfolio in one of Columbus' most exciting urban districts.

Listing Agent

Joey Parizek

Lim Realty Group License #2022005822 Listed on: 08/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,484

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot

Home Design

  • 1,324 Sq Ft Home

Listing and Financial Details

  • Assessor Parcel Number 010-001343

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $24,719
  • Gross Income $84,435
  • Net Operating Income $59,716

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,484

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2024
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.04
  • Total Gross Income: 84435.0
  • Co List Office Phone: 614-456-7365
  • MLS Status: Active
  • Income Expenses Gross Income: 84435.0
  • Annual Expenses: 24719.0
  • General Property Info Building Sq Ft: 1324.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-001343
  • Lot Size Sq Ft: 1742.4
  • Additional Parcels Description: 010-001341, 010-007602, 010-011329, 010-015133

Multi Family

  • Number Of Units Total: 7
  • Net Operating Income: 59716.0
  • Annual Operating Expense: 24719.0

Tax Info

  • Tax Annual Amount: 1484.0

Map

Range of Values:

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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 $1,484 $32,380 $17,960 $14,420
2023 $1,465 $32,375 $17,955 $14,420
2022 $742 $13,970 $630 $13,340
2021 $744 $13,970 $630 $13,340
2020 $745 $13,970 $630 $13,340
2019 $723 $11,630 $530 $11,100
2018 $754 $11,630 $530 $11,100
2017 $475 $7,640 $530 $7,110
2016 $926 $12,890 $810 $12,080
2015 $538 $8,690 $810 $7,880
2014 $539 $8,690 $810 $7,880
2013 $295 $9,625 $875 $8,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $850,000 -- $642 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Chicago Title
Fiduciary Deed $160,000 Amerititle
Warranty Deed -- Attorney
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $996,000 Credit Line Revolving
Previous Owner $809,250 Commercial
Source: Public Records

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Source: Columbus and Central Ohio Regional MLS

MLS Number: 225031622

Columbus and Central Ohio Regional MLS

APN: 010-001343

Ohio Franklin County Columbus 43215 East Franklinton

642 W State St, Columbus, OH

This home is located at 642 W State St, Columbus, OH 43215 and is currently priced at $850,000, approximately $641 per square foot. This property was built in 1900. 642 W State St is a home located in Franklin County with nearby schools including Starling PK-8, Sullivant Elementary School, and West High School.

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
Joey Parizek
Listing Agent
Joey Parizek
Section Image
Lim Realty Group
(380) 777-5766