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    FOR SALE
    Small apartment buildings

    7944 Morse Rd, New Albany, OH 43054

    Built 1977
    Property ID
    US66-0803949
    7944 Morse Rd, New Albany, OH 43054 For Sale
    $998,000
    7944 Morse Rd, 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 Small apartment buildings
    Year built 1977
    APN 220-000699
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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