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1 E High Street

London, OH 43140
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Bath 0

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Acres0.20

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Price Reduced: 119-unit multifamily portfolio, London & Washington Court House, OH. 32 properties, 94% occupied, $61,960/ Unit, $622 avg rent, $2.07M CapEx (2018-2022). 37% rent upside. Portfolio can be divided and purchased in tranches and select assets available for indivisible purchase. Existing debt available on select assets. The portfolio was acquired and renovated between 2018 and 2022. The portfolio presents a rare opportunity to acquire institutional-scale income at a meaningful basis discount, with a seasoned ownership track record, demonstrated CapEx execution of $2.07M deployed, and substantial embedded upside through rental rate increases and operational optimization. The current mark to market opportunity of approximately 37% ($215 per unit, per month) represents the singl e largest near-term value creation lever. Concentrated in two contiguous secondary markets directly benefiting from Columbus MSA spillover demand, the portfolio offers a buyer a below-replacement-cost basis of $61,960 per unit, workforce housing cash flow stability, and a clear path to value creation through systematic lease-up and completion of the in-process renovation program.

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Detail Ic Property Details

Property Type : Residential Income

Price : $7,373,333

AD Id : 78953267

MLS Id : 226017750

Lot Size : 0.20 Acre

Tax Amount : 6300.00

Year Built : 1920

County : Madison

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  • Building Information

    Year Built: 1920 Private Pool: No

  • Lot Information

    Main Square Feet: 0.2 Lot Size Acres: 0.2 Lot Size Square Feet: 8712

  • Listing Price Information

    Listing Price: $7373333 Original Price: $9000000

  • Tax Information

    Parcel Number: 31-02458.000 Tax Year: 2025 Annual Tax: $6300
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
233 Maddoxx Drive, London, OH, 43140 $358,990 5 3 2,176 0.17 Acre
231 Maddoxx Drive, London, OH, 43140 $429,990 4 3 2,720 0.19 Acre
209 Maddoxx Drive, London, OH, 43140 $421,990 4 3 2,933 0.19 Acre
201 Maddoxx Drive, London, OH, 43140 $332,990 3 2 1,228 0.25 Acre
207 Maddoxx Drive, London, OH, 43140 $453,990 4 3 3,103 0.21 Acre
5101 Lilly Chapel Oposs.., London, OH, 43140 $469,999 3 2 1,583 2 Acres
3660 Sycamore Lane, London, OH, 43140 $345,000 4 2 2,190 0.57 Acre
3215 Big Plain Circlevi.., London, OH, 43140 $574,900 4 3 3,828 2.80 Acres
1200 Spring Valley Road, London, OH, 43140 $599,000 5 3 2,383 1.17 Acres
4375 State Route 38, London, OH, 43140 $535,000 3 4 3,524 5.25 Acres

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ByOwner last updated this listing 09/09/2026 @ 02:12

MLS: 226017750 LISTED BY: Brett Ludwig, Verti Commercial Real Estate L 380-215-6046 SOURCE: Columbus and Central Ohio Regional MLS

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