$625,000
229 N Sandusky Street
Delaware, OH 43015
MLS# 226010614



Cover Photo
  1 / 15  
Cover Photo Cover photo 2 Living Room Staged Kitchen Staged Bathroom staged Bedroom Staged Gemini_Generated_Image_6czjwc6czjwc6czj Gemini_Generated_Image_kwhq9gkwhq9gkwhq Gemini_Generated_Image_nd8f3and8f3and8f Gemini_Generated_Image_wc0uapwc0uapwc0u IMG_9992 IMG_9993 IMG_9994 IMG_9995 IMG_9996

Property Description
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 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-NX 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. Discover the thriving community surrounding the property in Delaware, OH. Nestled in the heart of the historical downtown area, the location offers a quaint small-town atmosphere with modern amenities. Enjoy a variety of local restaurants, boutique shops, and cultural attractions within walking distance. Nearby attractions such as the Ohio Wesleyan University and Mingo Park provide recreational and educational opportunities for residents. With a strong sense of community and a prime location, the area presents an excellent investment opportunity for Multifamily / Low-Rise/Garden investors seeking to capitalize on the charm and convenience of Delaware, OH.

Details
Maps
Documents
Location & Property Info
List Price/SqFt: 177.3
City (Mailing Addr): Delaware
Corp LimitPerAuditor: Delaware
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Occupancy Rate: 100
Built Prior to 1978: Yes
Total Parking: 9
Carport Spaces: 0
Off Street Parking Spaces: 9
Building Sqft: 3525
Use Code: 401 - APARTMENT:4-19 UNITS
Number of Units: 7
Year Built: 1901
Tax Info
Zoning: R-NX
Mult Parcels/Sch Dis: No
Tax Abatement: No
Parcel #: 519-432-01-029-000
Remarks & Misc
Property Description: 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 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-NX 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. Discover the thriving community surrounding the property in Delaware, OH. Nestled in the heart of the historical downtown area, the location offers a quaint small-town atmosphere with modern amenities. Enjoy a variety of local restaurants, boutique shops, and cultural attractions within walking distance. Nearby attractions such as the Ohio Wesleyan University and Mingo Park provide recreational and educational opportunities for residents. With a strong sense of community and a prime location, the area presents an excellent investment opportunity for Multifamily / Low-Rise/Garden investors seeking to capitalize on the charm and convenience of Delaware, OH.
Income/Expenses
Gross Income: 77400
Net Operating Income: 47189
Total Expenses: 30214
Addl Acceptance Cond
None Known: 1
Efficiency
Efficiency # of Units: 2
Efficiency Month Rent Per Unit: 650
1 Bedroom
1 Bedroom # of Units: 5
1 Bedroom Month Rent Per Unit: 965
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 750000
List Price: $625,000
Property Sub Type: Flat
Street #: 229
Street PreDirection: N
Street Name: Sandusky
Street Suffix: Street
County: Delaware
State: OH
Zip Code: 43015
School District: DELAWARE CSD 2103 DEL CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-04-06
Property Features
Addl Acceptance Cond: None Known
MLS Primary PhotoSrc: Realtor Provided

Listing Office: Verti Commercial Real Estate L
Listing Agent: Brett A Ludwig

Last Updated: June - 08 - 2026

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.