42 N Westgate Avenue, Columbus, OH 43204
42 N Westgate Avenue, Columbus, OH 43204
42 N Westgate Avenue, Columbus, OH 43204
42 N Westgate Avenue, Columbus, OH 43204
42 N Westgate Avenue, Columbus, OH 43204
42 N Westgate Avenue, Columbus, OH 43204
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Jason Ronk

Jason Ronk

+1(614) 774-1553
$ 549,900
Est. payment | /mo

0.26 Acres Lot

Save
$ 549,900
Est. payment | /mo
Save

0.26 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 226015263

Year Built 1950

Annual Tax Amount $3,034

Lot Size 0.260 Acres

Lot Dimensions 0.26

Property Sub-Type Apartment

Source Columbus and Central Ohio Regional MLS

Property Description

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.

Location

State OH

County Franklin

Area 0.26

Rooms

Other Rooms None

Dining Room No

Interior

Heating Forced Air

Cooling Central Air

Equipment No

Laundry No Laundry Rooms

Schools

High Schools Columbus Csd 2503 Fra Co.

School District Columbus Csd 2503 Fra Co.

Others

Tax ID 010-065432

Listed by Jonathan Lorenz Lim Realty Group

Nearby Locations

Jason Ronk

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(614) 774-1553

jronk@collinslassitergroup.com

921 Eastwind Dr Suite 102, Westerville, OH 43081, USA

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42 N Westgate Avenue