Welcome to this investment opportunity in the vibrant and growing Franklinton neighborhood of Columbus, Ohio. This well-maintained 17-unit apartment building offers a prime location, steady rental income, and significant potential for long-term growth. All units have been recently renovated in the last couple of years, and have nice rental grade finishes. Property is all electric. Property consists of 17 Units with 16 studio units and 1 one bedroom unit. Monthly income is approximately $12,000 per month with potential for over $13,000. Property has a large parking lot in the back of the building. Situated in Franklinton, minutes from downtown Columbus with easy access to major highways and bus access. Strong Rental History with consistent occupancy and well-established tenants.
Contingent
Price cut: $6K (8/12)
$1,069,000
398 S Central Ave, Columbus, OH 43223
--beds
0baths
--sqft
Est.:
Condominium
Built in 1974
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Large parking lot
- 24 days
- on Zillow |
- 397 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: August 18, 2025 at 01:37pm
Listed by:
Ryan E Maguire 614-714-5986,
Reafco
Source: Columbus and Central Ohio Regional MLS ,MLS#: 225028466

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air
Cooling
- Has cooling: Yes
Property
Parking
- Parking features: Common
Lot
- Size: 0.27 Acres
Details
- Parcel number: 010013488
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Condominium
Condition
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Columbus
Financial & listing details
- Annual tax amount: $5,768
- Date on market: 7/30/2025
- Listing terms: Owner Financing,Other,Land Contract,Conventional
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