6900-6928 Gemstar Road Reynoldsburg, OH $ 1,595,000
6900-6928 Gemstar Road
$ 1,595,000
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6900-6928 Gemstar Road

Reynoldsburg, OH, 43068
$ 1,595,000
Bedrooms24 Baths0.0

Monthly Estimate*

$ 9,821

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Multi-Family Home for sale in Reynoldsburg, OH

for $1,595,000 with 24 bedrooms. This home was built in 1987 on a lot size of 0.78.

Rare multi-unit investment opportunity in Reynoldsburg offering eight total townhome-style residences across four separate buildings, all located on one parcel within the Groveport Madison School District. Each building features two units, and every home offers a functional and spacious layout with 3 bedrooms, 2.5 baths, an attached garage, and a full basement, features that consistently drive strong rental demand. 7 of the 8 units have had major recent renovations. Each unit is individually metered for gas, electric, and water, with tenants responsible for all utilities, helping keep operating expenses low for ownership. Current rents range from $1,300 to $1,595 per month, providing immediate income with long-term upside as the Reynoldsburg rental market continues to strengthen. The townhome design offers private entrances, garage parking, and additional basement storage or living space, all of which appeal to long-term tenants. The four-building configuration provides a neighborhood feel while maintaining management efficiency. Conveniently located near major roadways, shopping, dining, and employment centers, this property is well positioned for steady occupancy. An excellent opportunity for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset in a growing suburban market. Curb offers only. Please do not disturb tenants.

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Multi-Family Active

Price

$ 1,595,000

Bedrooms

24

Property Type

Multi-Family

Taxes

$ 11,549

Style

Lot Size

0.78

Year Built

1987

Town/City

Reynoldsburg

County/Region

Franklin

MLS | Web ID

226002293

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Year Built 1987
Township None
Property Subtype Duplex
Tax Year 2024
Gross Income 0.0
County Franklin
Net Operating Income 0.0
Operating Expense 0.0
Property Type Multi-Family
Subdivision Name Independence Village
Status Active
City Reynoldsburg
High School District GROVEPORT MADISON LSD 2507 FRA CO.
Number Of Units Total 8
Lot Size Square Feet 33976.8
Land Lease Y/N N
Tax Annual Amount 11549.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
New Financing Coventional True
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Exterior
Parking Features Common
Water Source Public
Total Parking 19.0
Lot Size Area 0.78
Spa N
Lot Size Acres 0.78
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Total Baths 0
Heating-Forced Air True
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Internal Only
Street Number 1 69006928
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* Excluded Features
List By
Benjamin Thomas Hemmert

Listing Agent

Howard Hanna Real Estate Svcs

Broker

benjaminhemmert@howardhanna.com

Email

Affordability Calculator

$10,783
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,821
Monthly Property Taxes
$962
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1421189 Elementary School
1421052 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/23/2026$1,595,000 Listed Price

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6900-6928 Gemstar Road, Reynoldsburg, OH, 43068 is a Multi-Family Home for sale at $1,595,000 with a lot size of 0.78. 6900-6928 Gemstar Road has 24 bedrooms, 0.0 baths, and was built in 1987. The property's zip code is 43068 which is in Reynoldsburg, OH