1038 Lockbourne Road Columbus, OH ^$ 638,000

1038 Lockbourne Road

^$ 638,000

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1038 Lockbourne Road

Columbus, OH, 43206

^$ 638,000

Bedrooms12 Baths0.0

Monthly Estimate*

^$ 3,980

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Multi-Family Home for sale in Columbus, OH

for $638,000 with 12 bedrooms. This home was built in 1923 on a lot size of 0.17.

Four-unit apartment building conveniently located near I-70 and downtown. Two units currently occupied. Two units currently being updated. Off the street parking available for each unit. Total rents $6198 (fully-occupied, about a 9% CAP rate!). Separately-metered gas and electric. Spacious 3 bed/1 bath units, about 1,210 sq ft each (total above grade sf is 4,838).

Multi-Family Active

Price

^$ 638,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 9,532

Style

Lot Size

0.17

Year Built

1923

Town/City

Columbus

County/Region

Franklin

MLS | Web ID

225039202

Features

General

Sewer Public Sewer

Year Built 1923

Township None

Property Subtype Midrise

Tax Year 2024

Gross Income 76752.0

County Franklin

Net Operating Income 67790.0

Operating Expense 8962.0

Insurance Expense 3802.0

Property Type Multi-Family

Status Active

City Columbus

High School District COLUMBUS CSD 2503 FRA CO.

Number Of Units Total 4

Lot Size Square Feet 7405.2

Land Lease Y/N N

Tax Annual Amount 9532.0

Electric Expense 30.0

Water Sewer Expense 200.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Senior Community None

New Construction None

Exterior

Water Source Public

Total Parking 4.0

Lot Size Area 0.17

Spa N

Lot Size Acres 0.17

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Baths 0

Internal Only

Street Number 1 1038

* Excluded Features

List By

Michael B Pillow

Listing Agent

Century 21 Homestar

Broker

mikepillow0707@outlook.com

Affordability Calculator

$4,775

Per Month

Monthly Principal & Interest: $3,980
Monthly Property Taxes: $794
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Columbus, OH

Average List Price ^$592,290

Percent of Sale Price 7%

About Columbus, OH

870,251 Population

22% Since 2002

^$49,542 Median Income

34.9 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1421409 Elementary School

1421044 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/14/2025	$638,000	-5.48%	Price Down
10/15/2025	$675,000		Listed Price

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1038 Lockbourne Road, Columbus, OH, 43206 is a Multi-Family Home for sale at $638,000 with a lot size of 0.17. 1038 Lockbourne Road has 12 bedrooms, 0.0 baths, and was built in 1923. The property's zip code is 43206 which is in Columbus, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Columbus REALTORS(r)

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Columbus REALTORS(r). Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Data is updated as of 12/15/2025.

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1038 Lockbourne Road

Multi-Family Home for sale in Columbus, OH

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