138 North Madison Road

London, OH 43140

$1,155,000
Price
—
Beds
—
Baths
3,352 Sq. Ft.
$345 / Sq. Ft.
3,352
Sq. Ft.
$345
per Sq. Ft.
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Description

This London Ohio investment portfolio consists of 8 properties totaling 12 units and is a subset of a larger Central Ohio Investment Portfolio available for purchase, as smaller package.
138 N Madison - London
25 W Lincoln - London
701 E Paint - Washington CH
1005 Broadway - Washington CH
631 Rawling - Washington CH
40 South St - London
42 South St - London
27 Fent St - Jeffersonville
The full portfolio is 133 units assembled across 34 individual residential and mixed-use properties in London, Ohio (Madison...This London Ohio investment portfolio consists of 8 properties totaling 12 units and is a subset of a larger Central Ohio Investment Portfolio available for purchase, as smaller package.

138 N Madison - London
25 W Lincoln - London
701 E Paint - Washington CH
1005 Broadway - Washington CH
631 Rawling - Washington CH
40 South St - London
42 South St - London
27 Fent St - Jeffersonville

The full portfolio is 133 units assembled across 34 individual residential and mixed-use properties in London, Ohio (Madison County) and Washington Court House, Ohio (Fayette County). The portfolio was acquired and renovated between 2018 and 2022 under three operating entities Ohio State Property Investors, USA Investment Group, and The Woodlands LLC. Please see the attached file that breaks down the offering in tranches. A few important parameters:

1. Highlighted tranches must be purchased as a package. The seller's preference is for these packages to also include some of the unhighlighted assets.

2. Unhighlighted assets may be purchased individually at the pricing shown in the attached summary.

3. Buyers are responsible for sourcing their own debt quotes and determining the best execution if separating assets from the portfolio. Whether you're pursuing the full portfolio, a tranche, or select individual assets, the underlying story holds: below-replacement-cost basis at $67,669/unit and direct Columbus MSA spillover demand across Madison and Fayette Counties. This tranche structure opens the door for buyers who wanted exposure at a smaller check size -- and we expect it to accelerate activity on the portfolio. If you've been evaluating this deal, now is the time to move. We will promptly present all offers received. Note: Individual Pricing Available. Can be broken up. Details found in Tranche Pricing document attached.
  1. Listed by Brett A Ludwig • Brokerage DRE #2024003449 • Verti Commercial Real Estate L
    P: (614)-515-2995 C: (614)-515-2995 bludwig@verticre.com
LISTING UPDATED: 06/13/2026 01:31 PM

Property Details for 138 North Madison Road

StatusActive
MLS #226021686
Days on Market12
Taxes$2,707 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Duplex
Year Built1930
Lot Size0.20 AC / 8,712 SF
CountyMadison County
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Location

Listing Courtesy of Verti Commercial Real Estate L
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Building Information for 138 North Madison Road

Stories-Residences12Year Built1930Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

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$5,981 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,755

Property Taxes

$226

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 138 North Madison Road

Summary
Location and General Information
  • Longitude: -83.453739
  • Latitude: 39.888275
  • Cross Street: Willis
  • Corp Limit Per Auditor: London
  • Between Street: Court
Taxes and HOA
  • Additional Parcels: Yes
  • Parcel Number: 31-02812.000
  • Tax Year: $2,025.00
  • Tax District: 31
  • Tax Abatement: No
School Information
  • High School District: LONDON CSD 4903 MAD CO.
Property
Lot Information
  • Lot Size Square Feet: 8712.0
  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size (Front): 66
  • Lot Size (Side): 132
Property and Assessments
  • Year Built: 1930
  • Built Prior to 1978: Yes
Building Features
  • Building Sqft: 3352.0
Multi Family
Multi Family Information
  • Total Number Of Units: 12.0
Income & Expenses
  • Net Operating Income: $105,136
  • Operating Expense: $37,724.00
  • Gross Income: $142,860

Property History for 138 North Madison Road

DateEvent & SourcePriceAppreciation
Jun 13, 2026

Listed (Active)

Columbus and Central Ohio Regional MLS #226021686

$1,155,000—
Aug 18, 2021

Sold (Public Record)

Public Record #1469485773

$185,000—
DateEvent & SourcePrice
06/13/2026

Listed (Active)

Columbus and Central Ohio Regional MLS #226021686

$1,155,000
08/18/2021

Sold (Public Record)

Public Record #1469485773

$185,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 138 North Madison Road

Taxable ValueLand$14,590Additions$74,770Total$89,360
Tax Record2025$2,707 ($226 / month)
Home Facts
Beds5Baths4Total Finished SqFt2,560 SqFtAbove Grade Finished SqFt2,560 SqFtStories2Lot Size8,712 SqFtStyleSingle Family ResidenceYear Built1930CountyMADISONAPN31-02812.000

Schools near 138 North Madison Road

This home is within London City School District.
Rating
School
Type
Grades
Distance
London Elementary School
Public - K to 5
London Middle School
Public - 6 to 8
London High School
Public - 9 to 12
St Patrick School
Private - K to 8
Rating
School
Distance
London Elementary School
PublicK to 5

London Middle School
Public6 to 8

London High School
Public9 to 12

St Patrick School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 138 North Madison Road, London, OH 43140

138 North Madison Road is a multi-family home for sale in London, OH 43140. This property was listed for sale on June 13, 2026 by Verti Commercial Real Estate L, it's currently listed at $1,155,000. It has been on the market for a total of 12 days and was last sold on August 18, 2021. This listing's school district is London City School District. Nearby schools include London Elementary School, London Middle School and London High School. 138 North Madison Road is a 0-bed, 0-bath, 3,352 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Verti Commercial Real Estate L

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.