This portfolio has had major improvements completed over the last five years. Mostly new windows & sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks. With the current rent roll the CAP rate on this portfolio is just shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. With all 36 units being leased at $875 a month the return on this portfolio should be north of 9%.
CondoProperty Type
1963Year Built
8,712 sq ftLot Size
$39Est. Price/Sq.Ft.
Listed by Bryan Jarrett• Keller Williams Capital Ptnrs
•614-867-7820 (agent)
•bryanjarrett.realtor@gmail.com (agent)
•614-888-1000 (broker)
•jillfergus@kw.com (broker)
Bought with Doug Ryan• KW Classic Properties Realty
3641 Eakin Road - 4 family garden style multi family with workshop in lower level. Each unit includes 2 Bedrooms & Bath. Current rents are 2 @ $650/month and 2 @ $600/month total income $2,500/month - $30,000 annually. Tenants pay electric and gas - OUTSTANDING CASH FLOW! Units are always rented. Part of a package deal with 731, 761, 771, 781, 791, 811 & 821 Kingsford plus 2 common lots. Kingsford 4 families have same rents ($650 market) and are priced at $159,900 (no lower level). 2 be sold in combination/package(s). Same ownership 50 plus years!! GRM of 5.5% and cap rate of 10.5% with 40% expense factor! Actual expenses are lower - 3,456 square feet. Priced to sell with fantastic returns!! Packaged with Kingsford units totals $1,289,200 - 32 units $40,287/unit CASH FLOW
Year
Property tax
Land + Additions
Assessment*
2025
$4,239 (+1.0%)
$12,600 + $43,925
$56,525
2024
$4,196 (+1.6%)
$12,600 + $43,925
$56,525
2023
$4,129 (+9.3%)
$12,600 + $43,925
$56,525
2022
$3,780 (−0.4%)
$12,600 + $37,800
$50,400
2021
$3,796 (+0.7%)
$12,600 + $37,800
$50,400
2020
$3,770 (+9.0%)
$12,600 + $37,800
$50,400
2019
$3,459 (+0.1%)
$10,500 + $31,500
$42,000
2017
$3,455 (+26.1%)
$10,500 + $31,500
$42,000
2016
$2,741 (+7.7%)
$10,500 + $21,000
$31,500
2015
$2,545
$10,500 + $21,000
$31,500
2014
$2,544 (+0.9%)
$10,500 + $21,000
$31,500
2013
$2,521
$10,500 + $21,000
$31,500
Tax history for 3641 Eakin Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,239 (+1.0%)
$12,600 + $43,925
$56,525
2024
$4,196 (+1.6%)
$12,600 + $43,925
$56,525
2023
$4,129 (+9.3%)
$12,600 + $43,925
$56,525
2022
$3,780 (−0.4%)
$12,600 + $37,800
$50,400
2021
$3,796 (+0.7%)
$12,600 + $37,800
$50,400
2020
$3,770 (+9.0%)
$12,600 + $37,800
$50,400
2019
$3,459 (+0.1%)
$10,500 + $31,500
$42,000
2017
$3,455 (+26.1%)
$10,500 + $31,500
$42,000
2016
$2,741 (+7.7%)
$10,500 + $21,000
$31,500
2015
$2,545
$10,500 + $21,000
$31,500
2014
$2,544 (+0.9%)
$10,500 + $21,000
$31,500
2013
$2,521
$10,500 + $21,000
$31,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
8,600 Sq. Ft.
Year renovated
1972
Sq. Ft.
5,184
Year built
1963
Style
Multi-Family (5+ Unit)
County
Franklin County
APN
010-119823-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 9, 2026.
R4
Residential District
The following districts provide an opportunity for development of single, twin-single, three and four unit dwellings, manufactured housing, specific public uses, religious and educational, and accessory uses with specific denoted standards structured to ensure the health, safety and general welfare of the residents in these districts.