Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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