251-253 W High Street, London, OH 43140
- 1.1 acres
- Built 1970
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 118 units assembled across 31 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.
Key facts
- Status
- Active
- Type
- Townhouse
- Days on market
- 126
- Property taxes
- about $7,536/yr
- County
- Madison
- MLS #
- 226021797
- Listing brokerage
- Verti Commercial Real Estate L
- Listing agent
- Brett A Ludwig
- Listing brokerage contact
- 380-215-6046
Price reduced 11% from $1,400,000 on August 7.
Lot and parking
- Lot size
- 1.1 acres
- Lot square feet
- 47,916
Taxes and HOA
- Property taxes
- about $7,536 a year
- Tax year
- 2025
- Parcel number
- 31-02592.000
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.