42 N Westgate Avenue, Columbus, Ohio, United States, 43204
549,900
for Sale
11,325.6
About the property:
Fully leased turn-key 4-unit brick multifamily generating $4,875/mo in gross rent ($58,500 annually) on an oversized double lot (1/4+ acre), with current real estate taxes of just $3,065 per year and a 15-YEAR 100% TAX ABATEMENT PENDING -- a major value driver for investors and owner-occupants alike. All four units are large 1BD/1BA layouts at approximately 900 sq ft each. Three of the four units have been renovated and finished with white shaker-style cabinetry, granite counters, subway-tile backsplashes, stainless-steel appliances, recessed lighting, fresh paint, and wide-plank LVP flooring, while the original solid-wood trim and doors have been preserved to blend classic character with a clean, modern aesthetic. All four units are leased with staggered expirations through September 2027: three updated units at $1,325/mo, $1,250/mo, and $1,275/mo, plus a legacy unit at $1,025/mo. Tenants pay their own gas, electric, and internet and reimburse water, and the legacy unit offers a clear path to additional upside on turnover. New roof (2026), new garage doors and openers (2026), newer windows throughout, and central air in every unit. Each unit includes its own 1-car garage plus 2-3 additional off-street parking spots for the building, along with a dedicated basement storage room and private washer/dryer. The double lot offers generous green space for occupants to enjoy.
- Property Type:
- Apartment
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.26
- Cross Street:
- Broad Street
- Is Building:
- Yes
- Is Other:
- Yes
- Is Parking:
- Yes
- Is Storage:
- Yes
- Is Unit:
- Yes
- Annual Property Taxes:
- 3,034
- Listing ID:
- 226015263
Rooms
Dimensions
Brokered by:
Lim Realty Group
Presented By:
Presented By: