6900-6928 Gemstar RoadReynoldsburg, OH 43068

6900-6928 Gemstar RoadReynoldsburg, OH 43068

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$1,595,000 Active
Multi Unit - Multiple MLS 226002293

Listed By

Agency Name: Howard Hanna Real Estate Svcs
Agency Phone: 614-891-7400
Agent Name: Benjamin Thomas Hemmert

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Rare multi-unit investment opportunity in Reynoldsburg offering eight total townhome-style residences across four separate buildings, all located on one parcel within the Groveport Madison School District. Each building features two units, and every home offers a functional and spacious layout with 3 bedrooms, 2.5 baths, an attached garage, and a full basement, features that consistently drive strong rental demand. 7 of the 8 units have had major recent renovations.Each unit is individually metered for gas, electric, and water, with tenants responsible for all utilities, helping keep operating expenses low for ownership. Current rents range from $1,300 to $1,595 per month, providing immediate income with long-term upside as the Reynoldsburg rental market continues to strengthen.The townhome design offers private entrances, garage parking, and additional basement storage or living space, all of which appeal to long-term tenants. The four-building configuration provides a neighborhood feel while maintaining management efficiency. Conveniently located near major roadways, shopping, dining, and employment centers, this property is well positioned for steady occupancy.An excellent opportunity for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset in a growing suburban market.Curb offers only. Please do not disturb tenants.

6900-6928 Gemstar Road | MLS# 226002293

This multi-family property located at 6900-6928 Gemstar Road, Reynoldsburg, OH 43068 is currently listed for sale with an asking price of $1,595,000. 6900-6928 Gemstar Road is located within the GROVEPORT MADISON LOCAL school district. Search Reynoldsburg real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Market: 34
Heating: Forced Air
Lot Size: 0.78 Acres
Taxes: $11,549
Year Built: 1987

Feature Descriptions

Parcel #: 530-210669
Parking: Common

Local Schools

School District: GROVEPORT MADISON LOCAL

Demographics

Franklin County Demographic Information for 6900-6928 Gemstar Road, Reynoldsburg, OH 43068
Fips
Fips Code 39049
Population
2020 to 2023 Change up 0.2%
2010 Count 1,163,414
2020 Count 1,323,807
2023 Estimate (V2023) 1,326,063
2020 Estimate (V2023) 1,323,810
Age Distribution (Years Old)
0 to 4 6.5%
5 to 17 22.9%
18 to 64 57.4%
65 and Older 13.2%
Gender
Male 49.2%
Female 50.8%
Place of Birth
Foreign 12.0%
US 88.0%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 41.7%
Computer and Internet use
Households with a computer 95.9%
Households with a broadband Internet subscription 92.1%
Language
English is Second Language, Age 5+ 14.9%
English is First Language, Age 5+ 85.1%
Veterans
Veterans 56,845
Income
Per Capita Income $41,148
Median Household Income $71,070
People in Poverty 15.1%
Commute
Average Work Commute Time 22 minutes
Housing
Total Housing Units 594,813
Households 542,366
Average Household Size 2.38
Owner-Occupied 53.5%
Multi-Family 36.6%
Owner-Occupied Median Value $243,100
Median selected monthly owner costs -with a mortgage $1,667
Median selected monthly owner costs -without a mortgage $685
Median gross rent $1,169
Building Permits
New Private Housing Issued 2023 7,303
Years at Residence
1 Year or More 82.6%
Less Than 1 Year 17.4%
Business and Employment
Private non-farm Establishments 30,187
Private non-farm Employment 642,630
Private non-farm Employment Growth up 0.4%
Nonemployer Establishments 117,491
Number of Firms 107,363
Business Production
Value of Shipments $13,796,060,000
Wholesale Trade $32,205,012,000
Retail Trade $25,665,382,000
Retail Sales Per Capita $17,887
Accommodation and Food Services $3,728,293,000
Land
Land Area 532.19 sq. miles
Population Per Square Mile 2,187

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 9,209.64 per month $7,782.01 Principal & Interest $962.42 Property Tax $465.21 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage