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548 W State Street

Columbus, OH 43215
  • $4,200,000
  • STATUS: Active
  • ON SITE: 70 Days
  • MLS #: 225042224
UPDATED: 16 min ago
$4,200,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2019
County:
Area:

School Ratings & Info

Description

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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© 2026 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 LifePoint Real Estate | Cutler Real Estate. Data last updated: 2026-01-16T06:52:14.6.
www.lpohio.com/homes/169698606
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548 W State Street Columbus, OH 43215

  • Price: $4,200,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 16 min ago
  • MLS #: 225042224
0
Beds
0
Baths
0
½ Baths
0.11
Acres
2019
Built
County:
Franklin
Area:
Columbus
Property Description
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.
Interior Features

Building Area Total 10176 Building Area Total1 10176 Heating []

Property Features

Auction Online Bidding No Electric [] Listing Terms [] Owner Pays [] Property Sub Type Mixed Use Sewer [] Special Listing Conditions [] Tax Annual Amount 17029 Tax Year 2024 Utilities [] Water Source []

Listing provided courtesy of James Richardson of The Columbus Agents: 614-795-7655.


© 2026 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 LifePoint Real Estate | Cutler Real Estate. Data last updated: 2026-01-16T06:52:14.6.
 
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LifePoint Real Estate | Cutler Real Estate
168 South State St.
Westerville OH, 43081