1 E High Street, London, OH 43140 (MLS# 226017750)

1 E High Street, London, OH 43140

$9,000,000

Property Type: Multi-Family Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $9,000,000 List Date: 5/19/2026 Last Modified: 5/19/2026

Overview

Description

133-unit residential rental portfolio 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 and is offered as a single bulk acquisition. 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 $67,669 per unit, workforce housing cash flow stability, and a clear path to value cre ... (Read more)

Listing Details MLS# 226017750

Location Property Info

Original List Price: 9000000
Property Sub Type: Mixed Use
Street #: Yes
Street PreDirection: E
Street Name: High
Street Suffix: Street
County: Madison
State: OH
Zip Code: 43140
School District: LONDON CSD 4903 MAD CO.
Township: None

OfficeContract Info

MLS Entry Date: 2026-05-19

General Property Info

Number of Units: 133
# of Buildings: 34
Year Built: 1920
Built Prior to 1978: Yes
Lot Size (Side): 66
Acreage: 0.2

Tax Info

Parcel #: 31-02458.000
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 6300

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

City (Mailing Addr): London
Corp LimitPerAuditor: London

More Information

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: 133-unit residential rental portfolio 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 and is offered as a single bulk acquisition. 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 $67,669 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.

Income/Expenses

Gross Income: 1104960
Net Operating Income: 570613
Total Expenses: 534347

Addl Acceptance Cond

None Known: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided

Listing Office: Verti Commercial Real Estate L

Listing Agent: Brett A Ludwig

Last Updated: May - 19 - 2026

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