1 E High Street, London, OH 43140
$9,000,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
8,712
Status:
Active
Current Price:
$9,000,000
List Date:
5/19/2026
Last Modified:
5/19/2026
Listing Details MLS# 226017750
Location Property Info
- Original List Price
- 9000000
- Property Sub Type
- Mixed Use
- Street #
- Yes
- Street PreDirection
- E
- Street Name
- High
- Street Suffix
- Street
- County
- Madison
- State
- OH
- Zip Code
- 43140
- School District
- LONDON CSD 4903 MAD CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2026-05-19
General Property Info
- Number of Units
- 133
- # of Buildings
- 34
- Year Built
- 1920
- Built Prior to 1978
- Yes
- Lot Size (Side)
- 66
- Acreage
- 0.2
Tax Info
- Parcel #
- 31-02458.000
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 6300
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- City (Mailing Addr)
- London
- Corp LimitPerAuditor
- London
More Information
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- 133-unit residential rental portfolio assembled across 34 individual residential and mixed use properties in London, Ohio (Madison County) and Washington Court House, Ohio (Fayette County). The portfolio was acquired and renovated between 2018 and 2022 and is offered as a single bulk acquisition. 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 single 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 $67,669 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.
Income/Expenses
- Gross Income
- 1104960
- Net Operating Income
- 570613
- Total Expenses
- 534347
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:
Verti Commercial Real Estate L
Listing Agent:
Brett A Ludwig
Last Updated: May - 19 - 2026
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