USAOHLondon251-253 W High Street
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251-253 W High Street, London, OH

Real Estate

For Sale

Listed price in listed location currency (USD).
$1,400,000

000

MLS® 226021797

  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes $7,536
Days Active 0
Approx. Age 1970
MLS® Number 226021797

Property Address: 251-253 W High Street, London, OH, 43140

Average square foot calculated using Size range provided by listing agent.

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 133 units 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. Please see the attached file that breaks down the offering in tranches.
MLS® Number226021797
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1970
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 15, 2026List Date
$1,400,000List Price
  • Commute

Commute

Starting Address
Destination Address
251-253 W High Street, London, OH

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