$6,876 Closing Credit¹
#224022086, Sean C Smothers, Listing Office: Thrive Realty, Ltd.
$1,120,000 List price
398 S Central Ave Columbus, OH 43223
$10,000
Closing credit¹
0.3 acres
Condo
Property details
About 398 S Central Ave
Welcome to this investment opportunity in the vibrant and growing Franklinton neighborhood of Columbus, Ohio. This well-maintained 17-unit apartment building offers a prime location, steady rental income, and significant potential for long-term growth. All units have been recently renovated in the last couple of years, and have nice rental grade finishes. Property is all electric. Property consists of 17 Units with 16 studio units and 1 one bedroom unit. Monthly income is approximately $11,000 per month with potential for over $12,000. Property has a large parking lot in the back of the building. Situated in Franklinton, minutes from downtown Columbus with easy access to major highways and bus access. Strong Rental History with consistent occupancy and well-established tenants.
Highlights
Home typeCondominium
StatusActive
Lot size0.27 Acres
Year built1974
ParkingCommon
MLS #225010198
Summary
- Parking: Common
- List Price: $1,120,000
- Year Built: 1974
- Lot Size: 0.27 Acres
- MLS Number: 225010198
- MLS Name: Columbus and Central Ohio Regional MLS
- Office Name: Reafco
- Office Phone: (614) 636-2560
- Listing Agent: Ryan E Maguire
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Copyright © 2025 Columbus and Central Ohio Regional Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 9:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,120,000
398 S Central Ave
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Avondale Elementary School
Public District PK-5
0.7 mi
•141 Hawkes Ave
3
West Mound Elementary School
Public District PK-5
1.0 mi
•2051 W Mound St
3
Sullivant Elementary School
Public District PK-5
1.0 mi
•791 Griggs Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $13,310. The most common annual income of people living in Columbus, OH is less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
89%
<35k
8%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
55%
Single, No Kids
23%
Single, with Kids
13%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
8%
12-17 yrs old
22%
18-34 yrs old
42%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 398 S Central Ave
The listing price of 398 S Central Ave property is $1,120,000.
The property 398 S Central Ave is a condo located in Columbus, Ohio, 43223.
Active Listing: 398 S Central Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 398 S Central Ave are: Avondale Elementary School (GreatSchools Rating 3/10), West Mound Elementary School (GreatSchools Rating 3/10), Sullivant Elementary School (GreatSchools Rating 3/10), Columbus Collegiate Academy - West (GreatSchools Rating 6/10), Starling PK-8 (GreatSchools Rating 3/10), Central Point Preparatory Academy (GreatSchools Rating 3/10), Franklinton Preparatory High School (GreatSchools Rating 3/10), Central High School (GreatSchools Rating 2/10), Flex High School (GreatSchools Rating 2/10).
The property at 398 S Central Ave has 0 bathroom.
The year of construction for 398 S Central Ave is 1974.
This home is located at 398 S Central Ave in Columbus, OH and zip code 43223 in the Franklinton neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 1, 2025 and is currently priced at $1,120,000.
While more than 402 listings in Columbus, OH in April 2025 were sold above asking price, there were more than 191 listings sold at asking price, and more than 360 were sold below. Between March and April 2025, Columbus, OH real estate market has seen increase in the number of listings by 14.1%. While the average time on the market in April 2025 was 27 days, the median list price was $286,439.
From Rocket Homes Real Estate and based on county public records data.