1835 E Home Rd - Apartments FOR SALE


Springfield, OH 45503
$4,350,000 USD
937-360-9952
1835 E Home Rd, Springfield, OH for Sale
$4,350,000 USD
Apartments - FOR SALE
1/11
null | 7.24% Cap Rate

1835 E Home Rd
Springfield, OH 45503


HIGHLIGHTS

  • New Consturction
  • 100% Occupancy
  • Modern systems, minimal deferred maintenance, long useful life

OVERVIEW

New-Construction Multifamily Investment 1835 E Home Rd | Springfield, OH 45503 Offered at $4,299,000 | 28 Units | NOI: $315K A rare opportunity to acquire a fully stabilized, new-construction multifamily asset featuring high-end finishes, strong in-place income, and long-term tax advantages. Purpose-built for today’s renter and tomorrow’s investor, this property combines durability, design, and dependable cash flow in one compelling package. Investment Highlights - 28 Luxury Units – 100% Occupied Immediate income with zero lease-up risk New Construction (2024) Modern systems, minimal deferred maintenance, long useful life High-End Finishes Throughout Premium interiors that command strong rents and reduce turnover 15-Year Tax Abatement Exceptional operating efficiency and enhanced net returns Strong In-Place NOI: $315,000 Predictable cash flow with long-term stability Institutional-Quality Asset Ideal for private investors, syndicators, or 1031 exchange buyers The Opportunity This is not a value-add story—it’s a turnkey, cash-flowing asset designed to perform from day one. With brand-new construction, full occupancy, and a long-term tax abatement, ownership benefits from reduced expense exposure while capturing consistent yield in a supply-constrained market. The combination of quality construction, premium tenant appeal, and tax advantages positions this asset as a long-term hold with downside protection and upside durability. Pricing & Performance - Purchase Price: $4,350,000 - Net Operating Income: $315,000 Stabilized, Low-Risk Income Stream Why This Asset Stands Out In a marketplace where new construction is increasingly expensive and operational risk is rising, 1835 E Home Rd offers what investors are actively seeking: certainty of income, quality of construction, and long-term cost control. Fully stabilized. Tax-advantaged. Built to last. A premier multifamily investment opportunity in Springfield, Ohio.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

28

PRICE/UNIT

$155,357

CAP RATE

7.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

28 Unit | New Construction | 7.3% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.94 AC

LAND SF

171,611 SF

ZONING

-

APN/PARCEL ID

34-00700-03020-4016

ASK ABOUT THIS PROPERTY

Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

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Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.