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$ 4,200,000
Est. payment | /mo
10,176 SqFt
$ 4,200,000
Est. payment | /mo
10,176 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,176 sqft
Price per Sqft $412
MLS Listing ID 225042224
Year Built 2019
Annual Tax Amount $17,029
Lot Size 4,791 Sqft
Lot Dimensions 0.11
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Exceptional Investment Opportunity in Franklinton!
Built in 2019, this modern 12-unit apartment building plus 1 commercial space offers an outstanding turnkey opportunity in one of Columbus's fastest-growing neighborhoods. The property features twelve 1-bedroom, 1-bath units with tenant-paid utilities and strong occupancy — currently 100%. Designed for low-maintenance ownership, the building provides solid cash flow with significant upside as rents are currently under market.
Located at 548 W State Street, it provides direct access to the heart of Franklinton's vibrant arts district and all that downtown Columbus has to offer and major downtown employers.
With continued neighborhood revitalization, new development, and rising rental demand, this property is ideally positioned for long-term appreciation and income growth. Whether you're an experienced investor seeking a stabilized asset with value-add potential or expanding your Columbus portfolio, 548 W State presents a rare opportunity to own a newer-construction multifamily property in a premier urban location.
Built in 2019, this modern 12-unit apartment building plus 1 commercial space offers an outstanding turnkey opportunity in one of Columbus's fastest-growing neighborhoods. The property features twelve 1-bedroom, 1-bath units with tenant-paid utilities and strong occupancy — currently 100%. Designed for low-maintenance ownership, the building provides solid cash flow with significant upside as rents are currently under market.
Located at 548 W State Street, it provides direct access to the heart of Franklinton's vibrant arts district and all that downtown Columbus has to offer and major downtown employers.
With continued neighborhood revitalization, new development, and rising rental demand, this property is ideally positioned for long-term appreciation and income growth. Whether you're an experienced investor seeking a stabilized asset with value-add potential or expanding your Columbus portfolio, 548 W State presents a rare opportunity to own a newer-construction multifamily property in a premier urban location.
Location
State OH
County Franklin
Area 0.11
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 010-010589
Listed by James E Richardson The Columbus Agents
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "