- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
Street View
$2,700,000
Monthly Est:$13,439
-- Bed
-- Bath
--sqft
600 Plainfield Rd, West Lafayette, OH 43845
$2,700,000
$13,439/moEst:
Get Pre-Approved
Townhouse
Built in 2000
$-- HOA
6.3 acres lot
--/sqft
Description
Rare LIHTC-to-market-rate value-add opportunity in West Lafayette, OH (Coshocton County). Lafayette Mills Apartments is a 40-unit garden-style community built in 2000, comprising 28 two-bedroom/one-bath and 12 three-bedroom/one-bath units across 5 walk-up buildings with 93 on-site surface parking spaces. The property is 100% occupied and has been well-maintained under active compliance monitoring, with no material deferred maintenance identified.
In-place rents average $758/unit against a $980/unit market rate -- roughly 29% upside as the property's LIHTC and HOME rent restrictions phase out. The extended-use LIHTC compliance period is scheduled to expire 12/31/2028, with HOME-assisted units restricted through 12/31/2029 (buyers should independently verify both dates with OHFA and the recorded Land Use Restriction Agreement).
Offered at $2,700,000 ($67,500/unit, $41.03/SF), with a 9.81% cap rate once converted to market rents. Turnkey operations -- lease-up is complete, and the opportunity is to capture the rent upside as restrictions lift.
- Houzeo last checked: 13 minutes ago
- Listing updated: October 2, 2026 at 3:43 pm
- Listing Provided by: Daryl Allen Miller (330) 600-1044 , Zeke Liston | Forge Real Estate Advisors (614) 665-5793
- Source: Columbus and Central Ohio Regional MLS-OH | MLS#: 226033800
Property Details
Status
Active Under Contract
Type
Townhouse
No. of Stories
-
County
City
Neighborhood
--
Year Built
2000
HOA Fees
-
Finished Area
- sqft
Lot Size
6.3 acres lot
Basement Area
- sqft
MLS Name
Columbus and Central Ohio Regional MLS
MLS Number
226033800
MLS Status
Contingent
Days on Market
36
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Cooling
Central Air
Heating
Hot Water
Utilities & Energy
Utilities
Water Available, Sewer Available, Natural Gas Available, Electricity Available
Parking Features
Common
Price History
| Date | Event | Price |
|---|---|---|
10/02/2026 Source: | Contingent (Active Under Contract) | $2,700,000 $0/sqft |
09/04/2026 Source: | Listed for Sale | $2,700,000 $0/sqft |
Find Homes by Property Features in West Lafayette, OH
Based on information from the Columbus Association of REALTORS (alternatively, from Multiple Listing Service of the Columbus Association of Realtors, Inc.) through Oct 10, 2026, 03:00PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of property information; such should be independently verified. Columbus Association of REALTORS expressly disclaims any liability in connection therewith. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Copyright Columbus Association of REALTORS. All rights reserved.
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