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Four-Unit Residential Income Property
For Sale
$650,000
Pending

2838-2842 Sherwood Road, Columbus, OH 43209

Four well-configured units with private basements and tenant-paid utilities, offered fully occupied on two parcels.

Property SizeContact for details
Days on Market100

Property Features for 2838-2842 Sherwood Road

General Information

Standard status Pending
Property subtype Multi Family Home
Occupancy 100%

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $7,242

Building Details

Year Built 1941
Units 4
Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: Mark Kraus · License #382282
Source: Hcblandrealty
Added: Jun 1 Changed: Sep 8 Last Checked: Aug 25 at 9:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This four-unit residential income property combines two 2-bedroom units and two 3-bedroom units, with a layout that includes interior access from each unit to its own private basement. The home’s character features elements described as 1940s architectural details, including arched doorways, oak floors, and sunken living rooms with wrought-iron balustrades. The exterior is described as low-maintenance brick with modern windows, and a new garage roof was completed in 2022.

The property is located in Central Eastmoor, described as close to Bexley and near the coming Cols. LinkUS/Main St commuter buslines. The remarks also note walkability to various places of worship and parochial schools, as well as proximity to Top Restaurant, Bexley shops and restaurants, and several educational and healthcare destinations including Capital University and OSU East and Grant Hospitals. The listing also specifies curb offers only.

The building is fully occupied, and tenants are reported to pay all utilities. The occupancy is described as three long-term tenants on month-to-month terms, with one lease renewable in August. Although the property involves two separate parcels, the parcels are stated to be sold together.

Key Highlights

  • 4‑unit property built in 1941 with 2 two‑bedroom units and 2 three‑bedroom units
  • Fully occupied; tenants pay for all utilities
  • Each unit has interior access to a private basement

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Building Supply Electrical Service (Bike/Boat/Book/etc) Store Pharmacy Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

686
Businesses Nearby

Demographics for 43209, OH

27,727
Population
12,689
Households
2.2
Avg Household Size
37
Median Age
57%
College-Educated
96%
High-School Grad
6.1 sq mi
ZIP Area
4,545
Density / Sq Mi
$88,155
Median Household Income
$48,128
Median Earnings
$1,105
Median Rent
$373,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four well-configured units with private basements and tenant-paid utilities, offered fully occupied on two parcels.
Where is this quadplex located?
The property is located at 2838-2842 Sherwood Road Columbus, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4‑unit property built in 1941 with 2 two‑bedroom units and 2 three‑bedroom units; Fully occupied; tenants pay for all utilities; Each unit has interior access to a private basement
More about this property
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