548 W State Street Columbus, OH $ 4,200,000
548 W State Street
$ 4,200,000
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548 W State Street

Columbus, OH, 43215
$ 4,200,000
Bedrooms-- Baths-- Sq 10,176

Monthly Estimate*

$ 26,203

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Commercial Property for sale in Columbus, OH

for $4,200,000. This 10,176 square foot building was built in 2019 on a lot size of 0.11.

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.

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Commercial Active

Price

$ 4,200,000

Property Type

Commercial

Taxes

$ 17,029

Style

Lot Size

0.11

Year Built

2019

Town/City

Columbus

County/Region

Franklin

MLS | Web ID

225042224

Features
General
Year Built 2019
Stories Count 3
Township None
Property Subtype Mixed Use
Tax Year 2024
Gross Income 0.0
County Franklin
Net Operating Income 0.0
Operating Expense 0.0
Property Type Commercial Sale
Status Active
City Columbus
Lot Size Square Feet 4791.6
Land Lease Y/N N
Tax Annual Amount 17029.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
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Exterior
Lot Size Area 0.11
Spa N
Building Area Total 10176.0
Lot Size Acres 0.11
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 548
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* Excluded Features
List By
James E Richardson

Listing Agent

The Columbus Agents

Broker

jayrich98@gmail.com

Email

Affordability Calculator

$27,622
Per Month
95%
5%
0%
Monthly Principal & Interest
$26,203
Monthly Property Taxes
$1,419
Monthly 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
1421267 Elementary School
1421418 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/7/2025$4,200,000 Listed Price

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548 W State Street, Columbus, OH, 43215 is a Commercial Property for sale at $4,200,000 with 10,176 sqft and a lot size of 0.11. 548 W State Street was built in 2019. The property's zip code is 43215 which is in Columbus, OH