Delaware, OH Apartment Buildings for Sale

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Updated: Mar 23

Three-Level Mixed-Use Building

28 South Franklin Street, Delaware, OH 43015

$799,900

20,908 sqft

Three‑level multi‑use building in downtown Delaware, originally designed for four units per floor (12 total).
Demolition has already begun, providing cleared space for redevelopment.
Built in 1946.
Located one block from the intersection of Sandusky and William Streets and steps from Ohio Wesleyan University (OWU).

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This listing looks promising.

Here's a quick look at some key insights for

28 South Franklin Street, Delaware, OH 43015

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Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$70K
Annual
Mortgage

$450K
May 2024
Last Sold

May 2024
$650K
Property Type

Medical Building
Built 1946

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Updated: Mar 23

Three-Level Multifamily Conversion Opportunity

28 S Franklin Street, Delaware, OH 43015

$799,900

0.48 AC lot

Prime location: Just one block from Sandusky and William Streets, near OWU, shopping, and dining.
Incredible redevelopment potential: Multi‑use building in a high‑demand area, ready for your vision.
Demolition has begun: Ready for immediate redevelopment.
Mixed‑use opportunity: Ideal for retail, office, or residential conversion.
Thriving downtown district: Walkable area in Delaware's growing urban core.

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Renovated Multifamily Property in Delaware

229 N Sandusky St, Delaware, OH 43015

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3,525 sqft

Turnkey, fully occupied 7-unit building in a high-growth market.

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Based on your search, we've compiled 78 Potential Opportunities for your consideration. Besides 3 Active listings in Delaware, OH, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated 8-Unit Complex in Dublin

438 Edinburgh Road, Unit 438452, Dublin, OH 43017

$2,200,000

8,448 sqft

Fully renovated 8-unit complex in a desirable Dublin location.

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Shadow Lakes Townhome Condo Package

5931 Shadow Lake Circle #5931, Columbus, OH 43235

Contact for pricing

1,152 sqft

Fourteen townhome condos in desirable Columbus location with upside potential.

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Mixed-Use Buildings in Growing Area

15151 US Highway 36, Marysville, OH 43040

Contact for pricing

2.00 AC lot

Three mixed-use buildings on 2 acres in Marysville, OH.

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Fully Occupied Two-Bed Multifamily

1017-1025 Folkestone Rd, Columbus, OH 43220

Contact for pricing

Eight occupied 2-bedroom, 1-bath flats with recently installed brand-new roofs to help reduce near-term capital needs.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Off-Market Properties in Delaware, OH

Consider similar Off-Market properties in Delaware, OH. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

Pebble Pl, Delaware, OH 43015

Value Estimation by Request

0.37 AC lot

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APARTMENT HOUSE (5+ UNITS)

635 Pebble Pl Dr, Delaware, OH 43015-4284

Value Estimation by Request

2,924 sqft 0.29 AC lot

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APARTMENT HOUSE (5+ UNITS)

629 Pebble Pl Dr, Delaware, OH 43015-4285

Value Estimation by Request

2,924 sqft 0.29 AC lot

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APARTMENT HOUSE (5+ UNITS)

20 Liberty St, Delaware, OH 43015-1964

Value Estimation by Request

3,960 sqft 0.34 AC lot

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APARTMENT HOUSE (5+ UNITS)

647 Pebble Pl Dr, Delaware, OH 43015-4204

Value Estimation by Request

2,431 sqft 0.68 AC lot

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APARTMENT HOUSE (5+ UNITS)

60 Winter St, Delaware, OH 43015-1935

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4,726 sqft 0.29 AC lot

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APARTMENT HOUSE (5+ UNITS)

60 Griswold St, Delaware, OH 43015-1772

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4,230 sqft 0.27 AC lot

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APARTMENT HOUSE (5+ UNITS)

224 Un St, Delaware, OH 43015-1780

Value Estimation by Request

3,066 sqft 0.15 AC lot

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APARTMENT HOUSE (5+ UNITS)

241 Sandusky St, Delaware, OH 43015-1668

$705,000

Estimated value

5,190 sqft 0.30 AC lot

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APARTMENT HOUSE (5+ UNITS)

376 Park Ave, Delaware, OH 43015-2456

Value Estimation by Request

3,948 sqft 0.46 AC lot

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APARTMENT HOUSE (5+ UNITS)

28 Central Ave, Delaware, OH 43015-2099

Value Estimation by Request

3,260 sqft 0.19 AC lot

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APARTMENT HOUSE (5+ UNITS)

121 Washington St, Delaware, OH 43015-1750

Value Estimation by Request

5,692 sqft 0.45 AC lot

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APARTMENT HOUSE (5+ UNITS)

2098 Us Hwy 42nd S, Delaware, OH 43015-9501

$500,000

Estimated value

2,368 sqft 4.82 AC lot

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APARTMENT HOUSE (5+ UNITS)

Washington St, Delaware, OH 43015

Value Estimation by Request

0.24 AC lot

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APARTMENT HOUSE (5+ UNITS)

Bernard Ave, Delaware, OH 43015

Value Estimation by Request

0.13 AC lot

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APARTMENT HOUSE (5+ UNITS)

229 Sandusky St, Delaware, OH 43015-1667

Value Estimation by Request

3,301 sqft 0.30 AC lot

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APARTMENT HOUSE (5+ UNITS)

58 Lincoln Ave, Delaware, OH 43015-1675

Value Estimation by Request

5,028 sqft 0.25 AC lot

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APARTMENT HOUSE (5+ UNITS)

219 Sandusky St, Delaware, OH 43015-1625

Value Estimation by Request

4,179 sqft 0.24 AC lot

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APARTMENT HOUSE (5+ UNITS)

64 Winter St, Delaware, OH 43015-1975

Value Estimation by Request

4,319 sqft 0.29 AC lot

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APARTMENT HOUSE (5+ UNITS)

49 Liberty St, Delaware, OH 43015-2580

Value Estimation by Request

3,536 sqft 0.11 AC lot

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APARTMENT HOUSE (5+ UNITS)

154 Sandusky St, Delaware, OH 43015-1733

Value Estimation by Request

4,382 sqft 0.26 AC lot

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Delaware, OH Apartment Buildings Market Trends and Statistics

Explore 70 apartment buildings for sale in Delaware, OH, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 24,433 square feet of properties for sale, with an estimated market value of $1,599,800.

Sale prices for two-family homes in Delaware, OH average $799,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 59K

Population Growth (5Y) +6.4%

Median Household Income $99,622

College Educated 65.5%

High-Yield Neighborhoods for Investment

Identify Delaware submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
43015	$916.6K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Delaware County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Delaware fall within the 10,000 to 25,000 square foot range.

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Delaware, OH Apartment Buildings for Sale

28 South Franklin Street, Delaware, OH 43015

28 S Franklin Street, Delaware, OH 43015

229 N Sandusky St, Delaware, OH 43015

Opportunities in Nearby Cities

438 Edinburgh Road, Unit 438452, Dublin, OH 43017

5931 Shadow Lake Circle #5931, Columbus, OH 43235

15151 US Highway 36, Marysville, OH 43040

1017-1025 Folkestone Rd, Columbus, OH 43220

Potential Development Sites for Consideration

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

215 N Bear Creek Road, Asheville, NC 28806

107 HOWARD Street, La Plata, MD 20646

71 Salters Road, Greenville, SC 29607

Off-Market Properties in Delaware, OH

Pebble Pl, Delaware, OH 43015

635 Pebble Pl Dr, Delaware, OH 43015-4284

629 Pebble Pl Dr, Delaware, OH 43015-4285

20 Liberty St, Delaware, OH 43015-1964

647 Pebble Pl Dr, Delaware, OH 43015-4204

60 Winter St, Delaware, OH 43015-1935

60 Griswold St, Delaware, OH 43015-1772

224 Un St, Delaware, OH 43015-1780

241 Sandusky St, Delaware, OH 43015-1668

376 Park Ave, Delaware, OH 43015-2456

28 Central Ave, Delaware, OH 43015-2099

121 Washington St, Delaware, OH 43015-1750

2098 Us Hwy 42nd S, Delaware, OH 43015-9501

Washington St, Delaware, OH 43015

Bernard Ave, Delaware, OH 43015

229 Sandusky St, Delaware, OH 43015-1667

58 Lincoln Ave, Delaware, OH 43015-1675

219 Sandusky St, Delaware, OH 43015-1625

64 Winter St, Delaware, OH 43015-1975

49 Liberty St, Delaware, OH 43015-2580

154 Sandusky St, Delaware, OH 43015-1733

Delaware, OH Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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