1072 Forest Street, Columbus, OH 43206 (MLS# 225027913)

1072 Forest Street, Columbus, OH 43206

$965,000

Property Type: Multi-Family Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $965,000 List Date: 8/12/2025 Last Modified: 9/15/2025

Overview

Description

Unique VALUE ADD opportunity in Southern Orchards consisting on 8 1-Bedroom apartments, a 1,100sf detached garage currently rented as storage and a private 8 car parking lot. In-place gross rents: $8,563 for the apartments and $500 for the garage. 4/8 units have been renovated to include new stainless appliances, new cabinets, countertops, bathroom fixtures and flooring throughout. Tenants have access to shared laundry in basement, which provides additional income for landlord. Opportunity to further enhance value by submetering utilities. Great opportunity to capitalize on the growth on Nationwide Children's Hospital prior to completion of construction.

Listing Details MLS# 225027913

Location Property Info

Original List Price: 950000
Property Sub Type: Midrise
Street #: 1072
Street Name: Forest
Street Suffix: Street
County: Franklin
State: OH
Zip Code: 43206
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2025-07-26

General Property Info

Number of Units: 9
Building Sqft: 9072
Year Built: 1963
Built Prior to 1978: Yes
Acreage: 0.26

Tax Info

Parcel #: 010-047364
Tax Year: 2024
Tax Abatement: No
Taxes (Yrly): 5796

Status Change Info

Under Contract Date: 2025-07-29
Sold Date: 2025-09-15
Sold Price/SqFt: 106.37

1 Bedroom

1 Bedroom # of Units: 8

More Information

Other

Other # of Units: Yes

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

List Price/SqFt: 104.72
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: Unique VALUE ADD opportunity in Southern Orchards consisting on 8 1-Bedroom apartments, a 1,100sf detached garage currently rented as storage and a private 8 car parking lot. In-place gross rents: $8,563 for the apartments and $500 for the garage. 4/8 units have been renovated to include new stainless appliances, new cabinets, countertops, bathroom fixtures and flooring throughout. Tenants have access to shared laundry in basement, which provides additional income for landlord. Opportunity to further enhance value by submetering utilities. Great opportunity to capitalize on the growth on Nationwide Children's Hospital prior to completion of construction.

Income/Expenses

Gross Income: 110000
Net Operating Income: 84000
Total Expenses: 26000

Addl Acceptance Cond

None Known: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided

Listing Office: Koon Property Group

Listing Agent: Matthew E VonBargen

Last Updated: September - 15 - 2025

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