Four-Unit Apartment
For Sale
Contact for pricing
Pending
1038 Lockbourne Rd, Columbus, OH 43206
Four-unit apartment building with off-street parking and separately metered gas and electric; two units occupied.
Property Size4,838 SF
Days on Market129
Property Features for 1038 Lockbourne Rd
General Information
Standard status
Pending
Size
4,838 SF
Total Parking Spaces
4
Property subtype
Multifamily
Occupancy
50%
Additional Details
Cap Rate
9%
Highway Access
Yes
Multifamily Units
4
Listing Agency:
LPT Realty
(216) 373-7727
Listed By:
Mike Ferrante · License #2008004067
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 29 at 10:39AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This four-unit apartment building features two bed/one bath units and off-street parking available for each unit. Two units are currently occupied, and two units are being updated. The units are described as spacious, at approximately 1,210 square feet each, with total above-grade space of about 4,838 square feet.
The property is conveniently located near I-70 and downtown. Utilities are separately metered for gas and electric. The seller reports total rents of $6,198 (with the statement that this reflects a fully occupied scenario) and an approximately 9% cap rate.
The property is conveniently located near I-70 and downtown. Utilities are separately metered for gas and electric. The seller reports total rents of $6,198 (with the statement that this reflects a fully occupied scenario) and an approximately 9% cap rate.
Key Highlights
- Four‑unit apartment building near I‑70 and downtown
- 2 bed/1 bath units, about 1,210 SF each; total above‑grade SF is 4,838
- Off‑street parking available for each unit
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit apartment building with off-street parking and separately metered gas and electric; two units occupied.
Where is this quadplex located?
The property is located at 1038 Lockbourne Rd Columbus, OH.
What are key features of this property?
This property features: Four‑unit apartment building near I‑70 and downtown; 2 bed/1 bath units, about 1,210 SF each; total above‑grade SF is 4,838; Off‑street parking available for each unit
