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625 Mill St
New Lexington, OH 43764

$2,160,000 USD

Apartments For Sale  •  24,110 SF

Property Details

• Property Type Apartments
• Total Building Size 24,110 SF
• Lot Size 1.86 AC
• Building Class C
• Year Built 1973

0 Transit Score

14 Walk Score

Highlights

Stabilized 36-Unit Multifamily Asset in New Lexington, Ohio – Fully leased property with consistent historical occupancy.

Core/Core-Plus Investment Profile – Low operational risk supported by stabilized performance, offering durable income with upside potential.

Favorable Market Dynamics – Limited rental housing inventory and strong demand for affordable housing underpin long-term tenant stability.

Recent Capital Improvements – Well-maintained physical condition with recent upgrades that enhance asset durability.

Strategic Southeastern Ohio Location – Positioned within commuting distance to both Lancaster and the Columbus MSA.

Attractive Relative Yield – Offers a compelling cap rate and income return compared to similar assets in larger Ohio metros.

Amenities

• 24 Hour Access
• Air Conditioning
• Dishwasher
• Disposal
• Microwave
• Heating
• Ceiling Fans
• Kitchen
• Hardwood Floors
• Refrigerator
• Oven
• Tub/Shower