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28 Unit | New Construction | 7.3% Cap Rate 1835 E Home Rd 28 Unit Apartment Building $4,350,000 ($155,357/Unit) 7.24% Cap Rate Springfield, OH 45503
Investment Highlights
- New Consturction
- Modern systems, minimal deferred maintenance, long useful life
- 100% Occupancy
Executive Summary
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.
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.
Property Facts
| Price | $4,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $155,357 | Building Class | A |
| Sale Type | Investment | Lot Size | 3.94 AC |
| Cap Rate | 7.24% | Building Size | 71,079 SF |
| No. Units | 28 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2024 |
| Price | $4,350,000 |
| Price Per Unit | $155,357 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 3.94 AC |
| Building Size | 71,079 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | - | - |
1 1
Property Taxes
| Parcel Number | 34-00700-03020-4016 | Improvements Assessment | $0 |
| Land Assessment | $86,950 | Total Assessment | $86,950 |
Property Taxes
Parcel Number
34-00700-03020-4016
Land Assessment
$86,950
Improvements Assessment
$0
Total Assessment
$86,950
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28 Unit | New Construction | 7.3% Cap Rate | 1835 E Home Rd
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