Homes for sale / West Lafayette
600 Plainfield Road, West Lafayette, OH 43845
- 6.3 acres
- Built 2000
About this home
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.
Key facts
- Status
- Pending
- Type
- Townhouse
- Days on market
- 29
- Property taxes
- about $29,972/yr
- County
- Coshocton
- MLS #
- 226033800
- Listing brokerage
- Forge Real Estate Advisors
- Listing agent
- Daryl Allen Miller
- Listing brokerage contact
- 614-665-5793
Lot and parking
- Lot size
- 6.3 acres
- Lot square feet
- 274,428
- Parking
- Common
- Total parking
- 93
Systems and utilities
- Heating
- Hot Water
- Cooling
- Central Air
- Utilities
- Water Available, Sewer Available, Natural Gas Available, Electricity Available
Taxes and HOA
- Property taxes
- about $29,972 a year
- Tax year
- 2025
- Parcel number
- 02000-001-079-00
Schools
- District
- Ridgewood LSD
Around it
Coshocton County: 21 homes for sale. Town: everything for sale in West Lafayette.
Is it priced right?
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Shown here through the MLS IDX program by Blacktree Realty. Listing information is provided by the Columbus and Central Ohio Regional MLS through the Internet Data Exchange program and is deemed reliable but not guaranteed. Listings held by brokerages other than Blacktree Realty are identified with the listing brokerage's name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated Oct 19, 2026, 6:13 PM.