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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