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642-654 W State Street

Columbus, OH 43215
  • $850,000
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: 225000698
UPDATED: 25 min ago
$850,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

School District:

Description

This multi-unit property is a fantastic opportunity for investors. 7 renovated units in the heart of East Franklinton and walking distance to breweries. TAX ABATEMENT PENDING! New HVAC systems, windows, roofing, siding, appliances, tile, electrical, flooring, & plumbing fixtures in some units. It is in OPPORTUNITY ZONE, offering significant benefits INCUDING 10% OF PURCHASE PRICE TAX CREDIT. It provides rental income & holds redevelopment potential, making it an attractive option for long-term growth. The units could be sold off separately in the future for additional upside. This is a chance to invest in a high-demand area with organic rent growth and future redevelopment opportunity, close proximity to entertainment and restaurants.

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© 2025 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or CARLETON REALTY, LLC. Data last updated: 2025-05-17T22:52:22.043.
www.carletonrealty.com/homes/159303432
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642-654 W State Street Columbus, OH 43215

  • Price: $850,000
  • Status: Active
  • On Site: 127 Days
  • Updated: 25 min ago
  • MLS #: 225000698
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1900
Built
County:
Franklin
Area:
Columbus
School District:
Columbus Csd 2503 Fra Co.
Property Description
This multi-unit property is a fantastic opportunity for investors. 7 renovated units in the heart of East Franklinton and walking distance to breweries. TAX ABATEMENT PENDING! New HVAC systems, windows, roofing, siding, appliances, tile, electrical, flooring, & plumbing fixtures in some units. It is in OPPORTUNITY ZONE, offering significant benefits INCUDING 10% OF PURCHASE PRICE TAX CREDIT. It provides rental income & holds redevelopment potential, making it an attractive option for long-term growth. The units could be sold off separately in the future for additional upside. This is a chance to invest in a high-demand area with organic rent growth and future redevelopment opportunity, close proximity to entertainment and restaurants.
Exterior Features

Parking Features []

Interior Features

Cooling [] Heating []

Property Features

Additional Parcels YN Yes Auction Online Bidding No Listing Terms [] Owner Pays [] Possible Use [] Property Sub Type Mixed Use Sewer [] Special Listing Conditions Standard Utilities [] Water Source []

Listing provided courtesy of Alexander Marsh of The Robert Weiler Company: 614-221-4286.


© 2025 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or CARLETON REALTY, LLC. Data last updated: 2025-05-17T22:52:22.043.
 
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CARLETON REALTY, LLC
580 W Schrock Road
Westerville OH, 43081
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