600 Plainfield Road, West Lafayette, OH 43845 (MLS# 226033800)

600 Plainfield Road, West Lafayette, OH 43845

$2,700,000

Property Type: Multi-Family Lot Size (sq. ft.): 274,428 Status: Active

Current Price: $2,700,000 List Date: 9/04/2026 Last Modified: 9/04/2026

Overview

Description

Rare LIHTC-to-market-rate value-add opportunity in West Lafayette, OH (Coshocton County). Lafayette Mills Apartments is a 40-unit garden-style community built in 2000, comprising 28 two-bedroom/one-bath and 12 three-bedroom/one-bath units across 5 walk-up buildings with 93 on-site surface parking spaces. The property is 100% occupied and has been well-maintained under active compliance monitoring, with no material deferred maintenance identified. In-place rents average $758/unit against a $980/unit market rate -- roughly 29% upside as the property's LIHTC and HOME rent restrictions phase out. The extended-use LIHTC compliance period is scheduled to expire 12/31/2028, with HOME-assisted units restricted through 12/31/2029 (buyers should independently verify both dates with OHFA and the recorded Land Use Restriction Agreement). Offered at $2,700,000 ($67,500/unit, $41.03/SF), with a 9.81% cap rate once converted to market rents. Turnkey operations -- lease-up is complete, and the ... (Read more)

Listing Details MLS# 226033800

Location Property Info

Original List Price: 2700000
Property Sub Type: Townhouse
Street #: 600
Street Name: Plainfield
Street Suffix: Road
County: Coshocton
State: OH
Zip Code: 43845
School District: RIDGEWOOD LSD 1602 COS CO.
Township: None

OfficeContract Info

MLS Entry Date: 2026-09-04

General Property Info

Number of Units: 40
# of Buildings: 5
Total Parking: 93
Building Sqft: 65804
Year Built: 2000
Built Prior to 1978: No
Occupancy Rate: 100
Acreage: 6.3

Tax Info

Parcel #: 02000-001-079-00
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 29972

2 Bedroom

2 Bedroom # of Units: 28
2 Bedroom Month Rent Per Unit: 795

3 Bedroom

3 Bedroom # of Units: 12
3 Bedroom Month Rent Per Unit: 954

More Information

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known Parking Features: 2 Off Street; Common Owner Pays: Sewer; Trash; Water Tenant Pays: Electricity; Gas Heat Fuel: Gas Heating: Hot Water Air Conditioning: Central Air Services Available: Electricity Available; Natural Gas Available; Sewer Available; Water Available MLS Primary PhotoSrc: Realtor Provided

Listing Office: Forge Real Estate Advisors

Listing Agent: Daryl Allen Miller

Last Updated: September - 04 - 2026

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.