251-253 W High Street, London, OH 43140 (MLS# 226021797)

251-253 W High Street, London, OH 43140

$1,244,444

Property Type: Multi-Family Lot Size (sq. ft.): 47,916 Status: Active

Current Price: $1,244,444 List Date: 6/15/2026 Last Modified: 9/17/2026

Overview

Description

This property is fully occupied, stabilized multifamily asset offering investors an attractive, in place cash flow profile from day one. The asset delivers durable income with limited lease-up or repositioning risk, an increasingly rare profile in today's capital markets environment. While near-term net operating income growth may be tempered by anticipated property tax reassessment upon transfer, this dynamic is more than offset by the certainty of cash flow, the strength of in-place tenancy, and the asset's defensible position within its submarket. Underwriting projects an approximate 18% levered internal rate of return and a 10% average cash-on-cash yield over the projected hold period. The property is part of a larger Central Ohio Investment Portfolio available for purchase. The full portfolio is 118 units assembled across 31 individual residential and mixed-use properties in London, Ohio (Madison County) and Washington Court House, Ohio (Fayette County). The portfolio was acqui ... (Read more)

Listing Details MLS# 226021797

Location Property Info

Original List Price: 1400000
Property Sub Type: Townhouse
Street #: 251-253
Street PreDirection: W
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: 2026-06-15

General Property Info

Number of Units: 16
Building Sqft: 12424
Year Built: 1970
Built Prior to 1978: Yes
Lot Size (Side): 300
Acreage: 1.1

Tax Info

Parcel #: 31-02592.000
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 7536

Auction Info

Auction/Online Bidding Y/N: No

More Information

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided

Documents

Full Portfolio - 118 Units ›

Listing Office: Verti Commercial Real Estate L

Listing Agent: Brett A Ludwig

Last Updated: September - 17 - 2026

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