Property profile

7944 Morse Rd New Albany New Albany, OH 43054

FOR SALE
Land
Property ID
US66-0803949
Built 1977
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7944 Morse Rd,Unit New Albany, New Albany, OH 43054 For Sale
$998,000
7944 Morse Rd,Unit New Albany, New Albany, OH 43054
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Property summary

AI-generated overview

This exceptional investment opportunity presents a substantial multifamily property situated on a generous 263,102.4 square foot lot in desirable New Albany, Ohio. The property, located at 7944 Morse Road, boasts a prime location within the highly-rated New Albany school district, offering immediate proximity to major tech employers including Google and Facebook data centers, and the future site of a significant Intel semiconductor manufacturing facility. Built in 1977, this apartment building is zoned for residential use and presents a compelling opportunity for investors seeking strong returns in a rapidly growing area. The property's substantial lot size provides ample space for potential future development or expansion, further enhancing its investment potential. The address is 7944 Morse Road, New Albany, OH 43054, with the APN 220-000699. New Albany's business-friendly environment and strategic location contribute to the property's long-term value and growth prospects. The asking price for this multifamily property is $998,000. This is a rare chance to acquire a significant asset in a thriving community poised for continued expansion and economic growth. The property is classified as Land, Multifamily, Apartment Building, Residential, and Duplex/Triplex/Quadruplex.

Property profile

Verified
Property type Land
Year built 1977
UPID US66-0803949

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7944 Morse Rd, Unit New Albany New Albany, OH 43054
New Albany metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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