1 E High Street, London, OH 43140
- 0.2 acres
- Built 1920
About this home
Price Reduced: 118-unit multifamily portfolio, London & Washington Court House, OH. 31 properties, 94% occupied, $61,120/ Unit, $653 avg rent, $2.07M CapEx (2018-2022). 37% rent upside. Portfolio can be divided and purchased in tranches and select assets available for indivisible purchase. Existing debt available on select assets. The portfolio was acquired and renovated between 2018 and 2022. The portfolio presents a rare opportunity to acquire institutional-scale income at a meaningful basis discount, with a seasoned ownership track record, demonstrated CapEx execution of $2.07M deployed, and substantial embedded upside through rental rate increases and operational optimization. The current mark to market opportunity of approximately 37% ($215 per unit, per month) represents the single largest near-term value creation lever. Concentrated in two contiguous secondary markets directly benefiting from Columbus MSA spillover demand, the portfolio offers a buyer a below-replacement-cost basis of $61,120 per unit, workforce housing cash flow stability, and a clear path to value creation through systematic lease-up and completion of the in-process renovation program.
Key facts
- Status
- Active
- Type
- Mixed Use
- Days on market
- 153
- Property taxes
- about $6,300/yr
- County
- Madison
- MLS #
- 226017750
- Listing brokerage
- Verti Commercial Real Estate L
- Listing agent
- Brett A Ludwig
- Listing brokerage contact
- 380-215-6046
Price reduced 20% from $9,000,000 on October 12.
Lot and parking
- Lot size
- 0.2 acres
- Lot square feet
- 8,712
Taxes and HOA
- Property taxes
- about $6,300 a year
- Tax year
- 2025
- Parcel number
- 31-02458.000
Schools
- District
- London CSD
Around it
ZIP 43140: 57 homes for sale. Madison County: 121 homes for sale · county sold data. Town: everything for sale in London · London sold prices and days on market.
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Shown here through the MLS IDX program by Blacktree Realty. Listing information is provided by the Columbus and Central Ohio Regional MLS through the Internet Data Exchange program and is deemed reliable but not guaranteed. Listings held by brokerages other than Blacktree Realty are identified with the listing brokerage's name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated Oct 19, 2026, 6:08 PM.