15
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$699,999
Est. payment /mo
Price Dropped by $50K
229 N Sandusky Street Delaware, OH 43015
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Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226010614
Year Built 1901
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
Introducing a prime investment opportunity in the heart of Delaware, OH. This distinguished property features a 3,525 SF building comprising 7 units, offering an ideal scenario for Multifamily investors. Built in 1901 and newly renovated in 2025, the property combines historic charm with modern comfort and the numbers back it up. Currently 100% occupied, this asset has been extensively upgraded, with 6 of 7 units renovated within the last two years and over $90,000 in capital expenditures deployed throughout the property. New ownership steps in with the heavy lifting largely behind them a well-maintained asset with significant recent investment already in place. Delaware is one of Central Ohio's fastest-growing cities, consistently ranked among the best places to live in the state. With strong population growth, a tight rental market, and its proximity to Columbus, demand for quality housing here isn't slowing down. With desirable R-NX zoning, a fully stabilized rent roll, and a truly turnkey profile, this is the rare opportunity where you can own a performing asset in a high-trajectory market from day one.
Discover the thriving community surrounding the property in Delaware, OH. Nestled in the heart of the historical downtown area, the location offers a quaint small-town atmosphere with modern amenities. Enjoy a variety of local restaurants, boutique shops, and cultural attractions within walking distance. Nearby attractions such as the Ohio Wesleyan University and Mingo Park provide recreational and educational opportunities for residents. With a strong sense of community and a prime location, the area presents an excellent investment opportunity for Multifamily / Low-Rise/Garden investors seeking to capitalize on the charm and convenience of Delaware, OH.
Discover the thriving community surrounding the property in Delaware, OH. Nestled in the heart of the historical downtown area, the location offers a quaint small-town atmosphere with modern amenities. Enjoy a variety of local restaurants, boutique shops, and cultural attractions within walking distance. Nearby attractions such as the Ohio Wesleyan University and Mingo Park provide recreational and educational opportunities for residents. With a strong sense of community and a prime location, the area presents an excellent investment opportunity for Multifamily / Low-Rise/Garden investors seeking to capitalize on the charm and convenience of Delaware, OH.
Location
State OH
County Delaware
Zoning R-NX
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Delaware Csd 2103 Del Co.
School District Delaware Csd 2103 Del Co.
Others
Tax ID 519-432-01-029-000
Listed by Brett A Ludwig Verti Commercial Real Estate L
NEARBY SCHOOLS & PROPERTIES
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