$1,400,000

251 W High St London, OH 43140

London Area

Estimated payment $8,256/month

Total Views 3,163
-- Bed
-- Bath
12,424 Sq Ft
$113 Price per Sq Ft

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.

Listing Agent

Brett Ludwig

Verti Commercial Real Estate L License #2016004572 Listed on: 06/15/2026

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,536

Year Built

Built in 1970

Lot Details

1.1 Acres

Listing Details

  • Type: Multi-Family
  • Year Built: 1970
  • Tax Year: 2025
  • Property Sub-Type: Townhouse
  • Lot Size Acres: 1.1
  • Total Gross Income: 176784.0
  • Co List Office Phone: 380-215-6046
  • MLS Status: Active
  • Location Property Info List PriceSqFt: 112.69
  • Remarks Misc Hot Sheet Comments: new
  • General Property Info Building Sq Ft: 12424.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Junior High Dist: LONDON CSD 4903 MAD CO.

Lot Info

  • Parcel Number: 31-02592.000
  • Lot Size Sq Ft: 47916.0

Multi Family

  • Number Of Units Total: 16

Tax Info

  • Tax Annual Amount: 7536.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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

Source: Columbus and Central Ohio Regional MLS

MLS Number: 226021797

Columbus and Central Ohio Regional MLS
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