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Freestanding Single-Story Apartment Community
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509 Kellie Dr, Urbana, OH 43078

Built in 2007, Urbana 30 features 30 freestanding, single-story units on 5.39 acres in Urbana, Ohio.

Property SizeContact for details
Days on Market166

Property Features for 509 Kellie Dr

General Information

Standard status Active
Property subtype Multifamily
Occupancy 90%
Investment Type Value Add
Net Operating Income $320,617

Building Details

Year Built 2007
Buildings 30
Stories 1
Units 30
Listing Agency: Charles Hart Real Estate
Listed By: Cam Seecamp · License #SAL.2023006894
Source: Crexi
Added: Mar 26 Changed: Sep 3 Last Checked: Sep 4 at 8:04PM

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 Charles Hart Real Estate

Investment Insights

Based on property information with market context.

Urbana 30 is a 30-unit apartment community built in 2007, consisting of thirty freestanding, single-story residential buildings on 5.39 acres. The property’s homes are configured as spacious three-bedroom, one-bath, single-level apartments with approximately 1,144 square feet of living space. Unit interiors include updated cabinetry, vinyl plank flooring, refreshed finishes, and updated exterior doors. Each apartment offers a functional kitchen with an electric stove, refrigerator, and range hood, plus washer/dryer hookups, spacious walk-in closets, and a back patio.

The community is all-electric, with tenants responsible for electric utilities. Tenants also pay for water/sewer, and trash removal is provided through the city.

Recent ownership has invested in capital improvements over the past three years, replacing the majority of HVAC systems and water heaters across the community.

Key Highlights

  • 30‑unit apartment community built in 2007, with 30 freestanding single‑story buildings on 5.39 acres in Urbana, OH.
  • All units are 3‑bedroom, 1‑bath single‑level homes with approximately 1,144 SF of living space each.
  • Renovated interiors include updated cabinetry, vinyl plank flooring, refreshed finishes, and updated exterior doors.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Pharmacy Storage Facility Bakery 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.

Location Intelligence

Trade Area within ½ mile

150
Businesses Nearby

Demographics for 43078, OH

20,067
Population
8,904
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
133
Density / Sq Mi
$72,500
Median Household Income
$40,854
Median Earnings
$909
Median Rent
$176,300
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 - Built in 2007, Urbana 30 features 30 freestanding, single-story units on 5.39 acres in Urbana, Ohio.
Where is this apartment building located?
The property is located at 509 Kellie Dr Urbana, OH.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 30‑unit apartment community built in 2007, with 30 freestanding single‑story buildings on 5.39 acres in Urbana, OH.; All units are 3‑bedroom, 1‑bath single‑level homes with approximately 1,144 SF of living space each.; Renovated interiors include updated cabinetry, vinyl plank flooring, refreshed finishes, and updated exterior doors.
More about this property
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