Active

67 E High Street

London, OH 43140

$650,000 $2,740/Mo

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Overview

Bed

Bath

0.20

Acre(Lot)

Description

Walnut Street Apartments is an 11-unit multifamily portfolio comprising two buildings on a single parcel in downtown London, Ohio, 5 N. Walnut Street (8 units) and 67 E. High Street (3 units). The asset is being offered at under $60,000 per door, with a clear path to a 9%+ yield-on-cost within 24 months through rent normalization, RUBS implementation, and the lease-up of one remaining vacant unit. Both buildings received new roofs within the last three years. Seven of eight units at 5 N. Walnut have been renovated, along with Unit C at 67 E. High. New windows have been installed across multiple units. A new hot water tank, basement sump pump, and full Unit B remodel were completed in 2025 (~$16,800). Seller is willing to lease back the vacant 2BR/1BA Unit B at 67 E. High at $900/month for six months at closing, allowing the buyer to stabilize cash flow while turning and re-leasing the unit on their own meline.

Property Details

Property Type : Residential Income

Price : $650,000

AD Id : 85142830

MLS Id : 226022130

Lot Size : 0.20 Acre

Year Built : 1900

County : Madison

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Features

Building Information

Year Built: 1900 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: $650000

Tax Information

Parcel Number: 31-00958.000 Tax Year: 2025 Annual Tax: $6279

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
42 Kendall Street, London, OH, 43140	$645,000	--	--	--
64 W Center Street, London, OH, 43140	$957,000	--	--	--
155 N Main Street, London, OH, 43140	$389,900	--	--	--
138 N Madison Road, London, OH, 43140	$1,155,000	--	--	--

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$389,900

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155 N Main Street,
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42 Kendall Street,
London, OH, 43140

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64 W Center Street,
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138 N Madison Road,
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0.20

Acre(Lot)

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ByOwner last updated this listing 06/18/2026 @ 19:01

MLS: 226022130 LISTED BY: Brett Ludwig, Verti Commercial Real Estate L 380-215-6046 SOURCE: Columbus and Central Ohio Regional MLS