Ohio Multifamily Buyer
Sell Your Commercial Property In Ohio
Ohio offers some of the best value in U.S. multifamily — six major metros with affordable pricing, diverse employers, and major new manufacturing investment.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Key Metros
Multifamily Markets In Ohio
Every City We Cover
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Portage County
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Wayne County
Local Market Data
Ohio Apartment Market
Figures gathered October 2026 from public market data.
To sell commercial property in Ohio, start with the figures buyers price against. Statewide median gross rent was $1,034 a month and rental vacancy 4.4%, per the Census Bureau's 2020-2024 American Community Survey. Renters occupy 32.8% of occupied Ohio homes, and 14.9% of all Ohio housing units sit in buildings with five or more units.
Those statewide averages hide wide gaps between counties. Delaware County posts a $1,492 median gross rent with 3.0% rental vacancy, while Stark County sits at just $909 a month and 2.1% vacancy. Below, Ohio rents, five-year trends, county-by-county figures and the state's landlord and tax rules sit side by side, so an owner can see exactly how a buyer will read a building before any offer arrives.
Columbus drives renter demand
Franklin County, anchored by Columbus, is Ohio's most populous county at 1,333,048 residents, per the 2020-2024 ACS.Delaware County's rent surge
Delaware County rent rose 39.6% between the two ACS periods, the fastest increase among Ohio's 14 profiled counties.Growing apartment supply
Units in Ohio buildings with five or more units rose 5.4% to 788,374 between the 2015-2019 and 2020-2024 ACS periods.The Ohio rental market at a glance
Ohio had 1,595,287 renter households in the Census Bureau's 2020-2024 American Community Survey, or 32.8% of 4,863,191 occupied homes. Owners hold the other 67.2%. Apartment-style stock covers a meaningful share of the market: 788,374 Ohio housing units, 14.9% of the total, sit in buildings of five or more units, per ACS table B25024.
Ohio rental vacancy stood at 4.4% in the 2020-2024 DP04 housing profile. Statewide median household income was $71,389, so the $1,034 median gross rent equals about 17.4% of a typical Ohio household's gross income. Renters themselves feel more strain: 45.9% of Ohio renter households paid 30% or more of income on rent, per ACS table B25070.
Five-year trends in Ohio
Ohio median gross rent rose 28.0% between the 2015-2019 and 2020-2024 ACS periods, from $808 to $1,034 a month. Median household income grew 26.1% over the same span, from $56,602 to $71,389. Rents outran incomes by 1.9 percentage points statewide.
Ohio added 7,975 renter households between the two periods, a modest 0.5% gain. Units in five-plus buildings rose 5.4%, adding 40,177 units statewide. The larger-building stock grew faster than the renter base it serves.
Growth was uneven across Ohio. Delaware County rent rose 39.6% and its renter households grew 35.7% between the two ACS periods, the fastest gains among the 14 counties profiled here. Summit County renter households fell 2.2% over the same span.
Ohio county comparison
Median gross rent in the 12 most populous Ohio counties ranges from $909 in Stark County to $1,492 in Delaware County. Rental vacancy runs from 2.1% in Stark County to 7.5% in Lorain County, per each county's 2020-2024 ACS figures.
| County | Median gross rent | Renter share | Share of units in 5+ buildings | Rental vacancy |
|---|---|---|---|---|
| Franklin County | $1,302 | 47.2% | 26.2% | 3.8% |
| Cuyahoga County | $1,060 | 40.6% | 24.1% | 5.3% |
| Summit County | $1,026 | 32.5% | 14.7% | 3.4% |
| Montgomery County | $1,026 | 37.5% | 15.6% | 4.7% |
| Butler County | $1,135 | 30.1% | 13.4% | 4.5% |
| Stark County | $909 | 30.8% | 9.8% | 2.1% |
| Lorain County | $966 | 26.0% | 11.0% | 7.5% |
| Delaware County | $1,492 | 21.5% | 12.2% | 3.0% |
| Medina County | $1,143 | 19.7% | 11.3% | 4.5% |
| Licking County | $1,078 | 26.3% | 9.0% | 5.0% |
| Greene County | $1,135 | 32.0% | 15.7% | 4.3% |
| Fairfield County | $1,172 | 25.1% | 9.3% | 6.7% |
Franklin County leads this list on renter share, at 47.2%, and on units in five-plus buildings, at 26.2%, reflecting Columbus's apartment supply. Delaware County is the most owner-heavy of the 12, with renters in just 21.5% of occupied homes.
Ohio landlord, tax and transfer rules
Under Ohio Revised Code 715.261, no Ohio municipality may adopt rent control or rent stabilization. Rent levels on Ohio apartment buildings are set by the market, not by local ordinance.
Ohio sets no statutory cap on security deposits. Revised Code 5321.16 requires the landlord to return the deposit, minus itemized deductions, within 30 days after the tenant vacates and surrenders the unit.
Ohio's county auditors value real property, including apartment buildings, at true market value under Revised Code 5713.03, then tax only 35% of that value as assessed value under Revised Code 5715.01.
Ohio's conveyance fee on a property sale runs up to $4 per $1,000 of price: a mandatory $1 per $1,000 under Revised Code 319.54, plus a permissive county fee up to $3 per $1,000 under Revised Code 322.02.
What this means if you sell in Ohio
Owners who sell commercial property in Ohio are priced on rent rolls, vacancy and the next reassessment. A building in Stark County, at 2.1% vacancy, reads differently to a buyer than one in Lorain County at 7.5%.
Taxes deserve a close look. Because Ohio taxes apartment buildings on 35% of auditor-assessed market value under Revised Code 5713.03, a strong rent year can show up in the next valuation. The conveyance fee, up to $4 per $1,000, is a one-time seller cost at closing.
We review Ohio buildings of five or more units in the 14 counties above and across the rest of the state. Send the rent roll and the latest Ohio tax statement, and we will set the property against these county figures.
Local Knowledge
Selling Multifamily In Ohio
Every state has its own tax, legal, and market dynamics. A few things we factor into every Ohio offer:
- Ohio taxes apartment buildings on 35% of auditor-assessed market value under Revised Code 5713.03.
- No Ohio city can impose rent control; Revised Code 715.261 preempts local rent ordinances statewide.
- Security deposits carry no statutory cap, but refunds are due within 30 days of move-out under Revised Code 5321.16.
- Statewide rental vacancy was 4.4% in 2020-2024, but county rates range from 2.1% in Stark to 7.5% in Lorain.
Seller Guides
Ohio Seller Situations
From The Blog
Ohio Market Insights
Our Buy Box
What We Buy In Ohio
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
How Selling To Us Works
- 01
Submit The Deal
Send the address, unit count, asking price, and a rent roll or T-12 if you have them.
- 02
Initial Review
We review it against our buy box and give clear feedback — typically within 48 hours.
- 03
Underwriting & LOI
If it fits, we underwrite in detail and submit a written letter of intent.
- 04
Diligence & Close
Inspections and financing on the agreed timeline, then a professional, predictable closing.
Ohio Seller FAQ
What should I check before I sell commercial property in Ohio?
Start with rents and vacancy, since buyers do. Ohio median gross rent was $1,034 a month and rental vacancy 4.4% in the Census Bureau's 2020-2024 ACS. Then check the county auditor's valuation, since Ohio taxes apartment buildings on 35% of assessed market value under Revised Code 5713.03.
Does Ohio charge a transfer tax when an apartment building sells?
Yes, through the conveyance fee. Revised Code 319.54 sets a mandatory $1 per $1,000 of sale price, and Revised Code 322.02 lets counties add up to $3 more per $1,000, for a combined fee of up to $4 per $1,000 in some Ohio counties.
Can Ohio cities limit how much I raise rents?
No. Ohio Revised Code 715.261 preempts local rent control statewide, so no Ohio municipality may adopt rent control or rent stabilization ordinances. Rents on Ohio apartment buildings are set by the market, with no local cap on increases at renewal.
Which Ohio counties have the tightest rental markets?
Among the 14 Ohio counties profiled here, Stark County had the lowest rental vacancy at 2.1%, followed by Miami County at 2.6% and Wood County at 3.0%, per the 2020-2024 ACS. Lorain County had the highest at 7.5%.
How do I sell commercial property in Ohio?
Send us the address, unit count, and a rent roll if you have one. We review Ohio apartment buildings of 5+ units against our buy box and give clear feedback, typically within 48 hours.
Do you buy apartment buildings everywhere in Ohio?
Yes. We evaluate multifamily properties statewide, including Columbus, Cleveland, Cincinnati, Dayton, Toledo, Akron, Avon, Avon Lake, smaller cities, and suburban markets. Every property is reviewed on its own fundamentals.
What types of Ohio multifamily properties do you buy?
Apartment buildings and income-producing residential properties with 5 or more units — stabilized, value-add, mismanaged, or distressed. Our sweet spot is 15–25 units, and we review larger communities with capital partners.
Is it possible to sell rental property in Ohio without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
How fast can I sell my apartment building in Ohio?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Do I need to make repairs before selling?
No. We underwrite properties as they are today, including deferred maintenance and vacancy.
From The Blog
Ohio Market Insights
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