226-234 Whittier Drive S, Lancaster, OH 43130

$3,450,000
Property Type: Multi-Family Lot Size (sq. ft.): 55,757 Status: Active
Current Price: $3,450,000 List Date: 6/27/2025 Last Modified: 6/27/2025

Description

Whittier Townhomes - A rare opportunity to acquire a newly constructed, fully stabilized 12-unit multifamily community with a 100% property tax abatement in place through 2041. Current annual property taxes are just $1,278, significantly boosting net operating income, as any increase in taxable improvement value is fully abated. Completed in 2024, the community features a desirable unit mix of six 2-bed/2.5-bath townhomes (1,484 SF each) and six 3-bed/2.5-bath townhomes (1,729 SF each). All units are 100% leased, producing $20,828 in monthly gross income, with average rents of $1,667 for the 2-bed units and $1,805 for the 3-bed units. Each unit offers condo-quality finishes, open floor plans, attached garages, in-unit laundry, and private rear patios. The property is ideally situated along Lancaster's primary commercial corridor, providing residents with convenient access to retail, dining, schools, and daily necessities. Just 30 minutes southeast of downtown Columbus and immediately off US-33, Whittier Townhomes benefits from strong regional growth trends and increasing rental demand along this key Columbus to Lancaster corridor.

Supplements: ********

More Information MLS# 225023675

Location Property Info

Original List Price: 3450000 List Price: $3,450,000 Property Sub Type: Townhouse Street #: 226-234 Street Name: Whittier Street Suffix: Drive Street PostDirection: S County: Fairfield State: OH Zip Code: 43130 School District: LANCASTER CSD 2305 FAI CO. Township: None

OfficeContract Info

Status: Active MLS Entry Date: 2025-06-27

General Property Info

Number of Units: 12 Year Built: 2024 Built Prior to 1978: No Occupancy Rate: 100 Acreage: 1.28

Tax Info

Parcel #: 05-32149-100 Tax Year: 2024 Tax Abatement: Yes Abatement End Date: 2041-12-31 Taxes (Yrly): 1278

2 Bedroom

2 Bedroom # of Units: 6 2 Bedroom Month Rent Per Unit: 1667

3 Bedroom

3 Bedroom # of Units: 6 3 Bedroom Month Rent Per Unit: 1805

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known Parking Features: 1 Car Garage; Attached Garage; Garage Door Opener; Tandem; 1 Off Street; Assigned Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Vinyl Siding Water Source: Public Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Garages; W/D Hookups MLS Primary PhotoSrc: Realtor Provided
Listing Office: Lim Realty Group
Listing Agent: Jonathan Lorenz
Last Updated: June - 27 - 2025
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