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Eight-Unit Apartment Property
For Sale
$1,399,999

69006928 6900-6928 Gemstar Rd, Reynoldsburg, OH 43068

Townhome-style residences feature private entrances, attached garages, and individual basement space.

Property SizeContact for details
Days on Market12

Property Features for 69006928 6900-6928 Gemstar Rd

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 3BR/2.5BA
Multifamily Units 8

Building Details

Year Built 1987
Buildings 4
Listing Agency: Howard Hanna Real Estate Svcs
Listed By: Benjamin Thomas Hemmert · License #2002020344
Source: Dreamcolumbus
Added: Aug 18 Changed: Aug 28 Last Checked: Aug 26 at 6:57AM

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 Howard Hanna Real Estate Svcs

Investment Insights

Based on property information with market context.

This multifamily property comprises eight townhome-style residences arranged in four separate buildings on one parcel. Each building contains two units, and every residence offers 3 bedrooms, 2.5 baths, an attached garage, a basement, and a private entrance. Seven of the eight residences have been recently renovated, while the remaining unit provides an opportunity for future improvement. Seven units are currently leased, creating an established income stream.

Each residence is separately metered for gas, electric, and water, with tenants responsible for all utilities. The property was built in 1987 and is located in Reynoldsburg within the Groveport Madison School District. Shopping, dining, employment centers, and major roadways are nearby. The four-building layout consolidates all eight units on one parcel while retaining the privacy and functionality associated with townhome-style living.

Key Highlights

  • Eight townhome‑style units across 4 separate buildings on 1 parcel
  • Each residence includes 3 bedrooms, 2.5 baths, an attached garage, and a basement
  • 7 of 8 units have undergone recent renovations

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Big Box & Wholesale 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

8
Residential units

Location Intelligence

Trade Area within ½ mile

241
Businesses Nearby

Demographics for 43068, OH

59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
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?
Apartment building - Townhome-style residences feature private entrances, attached garages, and individual basement space.
Where is this apartment building located?
The property is located at 69006928 6900-6928 Gemstar Rd Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Eight townhome‑style units across 4 separate buildings on 1 parcel; Each residence includes 3 bedrooms, 2.5 baths, an attached garage, and a basement; 7 of 8 units have undergone recent renovations
More about this property
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