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12-Unit Apartment Building
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116-120 College Ave, Ashland, OH 44805

Residential complex near Ashland University and downtown Ashland with separate utilities and retained appliances.

Property SizeContact for details
Days on Market155

Property Features for 116-120 College Ave

General Information

Standard status Active
Property subtype Special Purpose

Units

Unit Mix 6 x 2BR/1BA, 2 x 2BR/1.5BA, 4 x 1BR/1BA
Multifamily Units 12

Additional Details

Utilities to Site Yes

Amenities

washer/dryer hookups
parking lot
detached garage
Listing Agency: Coldwell Banker Ward Real Estate Ashland
Listed By: Robert Ward · License #OH
Source: Crexi
Added: Mar 31 Changed: Aug 31 Last Checked: Aug 30 at 1:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Ward Real Estate Ashland

Investment Insights

Based on property information with market context.

This 12-unit apartment property at 116-120 College Ave includes six two-bedroom, one-bath units; two two-bedroom units with one-and-a-half baths, basements, and attached garages; and four one-bedroom, one-bath units. Separate utilities serve each apartment. Kitchen appliances remain in all units, while the two-bedroom apartments include washer and dryer hookups.

The property also includes an 18x144 sq ft detached garage currently used for storage. A parking lot across the street supplements on-street parking along College Ave. The complex is located near Ashland University and downtown Ashland, Ohio.

Key Highlights

  • 12 residential apartment units with a mix of one- and two‑bedroom layouts
  • Six 2 bed/1 bath units, two 2 bed/1 1/2 bath units, and four 1 bed/1 bath units
  • Two larger units include basements and attached garages

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Catering Service (Bike/Boat/Book/etc) Store Acupuncture Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

890
Businesses Nearby

Demographics for 44805, OH

31,238
Population
13,248
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
151.1 sq mi
ZIP Area
207
Density / Sq Mi
$62,058
Median Household Income
$35,122
Median Earnings
$835
Median Rent
$165,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Residential complex near Ashland University and downtown Ashland with separate utilities and retained appliances.
Where is this apartment building located?
The property is located at 116-120 College Ave Ashland, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 12 residential apartment units with a mix of one- and two‑bedroom layouts; Six 2 bed/1 bath units, two 2 bed/1 1/2 bath units, and four 1 bed/1 bath units; Two larger units include basements and attached garages
More about this property
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