229 N Sandusky St - Apartments FOR SALE


Delaware, OH 43015
$750,000 USD
614-508-1573
229 N Sandusky St, Delaware, OH for Sale
$750,000 USD
Apartments - FOR SALE
1/14
null | 6.29% Cap Rate

229 N Sandusky St
Delaware, OH 43015


HIGHLIGHTS

  • Delaware County — 2.8% projected population growth, $89K avg. household income, and consistent rent absorption.
  • Historic Delaware charm with modern interior upgrades. Attracts quality tenants and supports premium rents in a supply-constrained downtown submarket.
  • 229 N. Sandusky sits in the heart of Delaware — walkable, high-visibility, and directly benefiting from the city's continued downtown revitalization i

OVERVIEW

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/Low-Rise/Garden 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-6 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.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

7

PRICE/UNIT

$107,143

CAP RATE

6.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

519-432-01-029-000

ASK ABOUT THIS PROPERTY

Danyon HempyVerti Commercial Real EstateMore Info
614-508-1573

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Danyon HempyVerti Commercial Real EstateMore Info
614-508-1573

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