$375,000
SOLD SEP 30, 2015

728 Franklin Ave Columbus, OH 43205

Olde Towne East Neighborhood
-- Bed
-- Bath
2,885 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$130 Per Sq Ft

10% Below List Price

22 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • 3 Car Garage

About This Home

As of September 2015

Great investment opportunity in Olde Towne East!
This is 7 unit building is right off Parsons and Franklin Ave! The main building has 6 one bed units and the rear detached building is a split 3 car garage with 1 bed carriage unit. The 2 car section is rented as well and 1 car section is used for storage for tenants. Beautiful and well maintained courtyard!
All 7 units and garage 100% occupied as of August 1st. Most tenants are on a term lease and very few are MTM. Rents are $4,600 per month as of Aug 1 and expenses are based on an average of one year for taxes, insurance, utilities and basic maintenance. There is potential to improve operational costs as the main building utilities are included in the rent and are not separated. Listing agent and other agents are owners.

Last Agent to Sell the Property

Daniel Lim

List Listed on: 07/22/2015

Last Buyer's Agent

Christopher Dutton

Keller Williams Legacy Group License #2008000303

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,059

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • 2,885 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Available

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, water
  • Assessor Parcel Number 010-034253

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • Operating Expense $19,200
  • Gross Income $55,200
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,059

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1920
  • Tax Year: 2013
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.12
  • Total Gross Income: 55200.0
  • Co List Office Phone: 614-224-5478
  • MLS Status: Closed
  • Subdivision Name: Olde Towne East
  • Income Expenses Gross Income: 55200.0
  • Annual Expenses: 19200.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2885.0
  • General Property Info # of Buildings: 2.0
  • Owner Pays Electric5: Yes
  • Owner Pays Gas6: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: Yes
  • Air Conditioning Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features 3 Car Garage2: Yes

Utilities

  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-034253
  • Lot Size Sq Ft: 5227.2

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Number Of Units Total: 7
  • Net Operating Income: 36000.0
  • Annual Operating Expense: 19200.0

Tax Info

  • Tax Annual Amount: 4059.0

Range of Values:

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List Price
Sold Price
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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
03/27/2025 03/27/25 Off Market $800 -- --
09/30/2015 09/30/15 Sold $375,000 +46775.0% $130 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
07/31/2015 07/31/15 Rented $800 0.0% --
07/22/2015 07/22/15 For Sale $415,000 0.0% $144 / Sq Ft
07/01/2015 07/01/15 Under Contract -- -- --
05/03/2015 05/03/15 For Rent $900 0.0% --
05/15/2014 05/15/14 Sold $225,000 -24.7% $78 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
07/10/2013 07/10/13 For Sale $299,000 -- $104 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Nick DeWitt

    List

    (614) 581-5655

    6 in this area

    33 Total Sales

    Nick DeWitt
    Section Image

  • D

    Seller's Agent in 2015

    Daniel Lim

    List

  • A

    Buyer's Agent in 2015

    Al Mastro

    List

    Section Image
  • Christopher Dutton

    Buyer's Agent in 2015

    Christopher Dutton

    Keller Williams Legacy Group

    (740) 359-4426

    3 in this area

    13 Total Sales

    Christopher Dutton
    Section Image

  • O

    Seller's Agent in 2014

    Office Administrator

    List

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 215026393

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43205 Olde Towne East

728 Franklin Ave, Columbus, OH

This home is located at 728 Franklin Ave, Columbus, OH 43205 and is currently priced at $375,000, approximately $129 per square foot. This property was built in 1920. 728 Franklin Ave is a home located in Franklin County with nearby schools including Ohio Avenue Elementary School, Champion Middle School, and East 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.

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