251 W High St London, OH 43140
London AreaEstimated payment $8,256/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,536
Year Built
- Built in 1970
Lot Details
- 1.1 Acre Lot
Home Design
- 12,424 Sq Ft Home
Community Details
- 16 Units
- Gross Income $176,784
Listing and Financial Details
- Assessor Parcel Number 31-02592.000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,021 | $93,250 | $21,060 | $72,190 |
| 2024 | $3,950 | $93,250 | $21,060 | $72,190 |
| 2023 | $4,033 | $93,250 | $21,060 | $72,190 |
| 2022 | $4,050 | $88,810 | $20,060 | $68,750 |
| 2021 | $249 | $5,190 | $5,190 | $0 |
| 2020 | $238 | $5,190 | $5,190 | $0 |
| 2019 | $546 | $15,790 | $15,790 | $0 |
| 2018 | $592 | $15,790 | $15,790 | $0 |
| 2017 | $583 | $15,790 | $15,790 | $0 |
| 2016 | $574 | $15,790 | $15,790 | $0 |
| 2015 | $2,119 | $15,790 | $15,790 | $0 |
| 2014 | $2,119 | $15,790 | $15,790 | $0 |
| 2013 | -- | $9,140 | $9,100 | $40 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/15/2026 06/15/26 | For Sale | $1,400,000 | -- | $113 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226021797
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Ask me questions while you tour the home.