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$514,999
Est. payment /mo
3 Beds
1 Bath
12,606 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 12,606 sqft
Price per Sqft $40
MLS Listing ID 969165
Bedrooms 3
Full Baths 1
Year Built 1900
Annual Tax Amount $11,190
Lot Size 0.290 Acres
Lot Dimensions 99 x 126
Property Sub-Type 5+ Units
Property Description
OUTSTANDING INVESTMENT OPPORTUNITY! Brick two-story seven-unit multifamily property featuring seven spacious three-bedroom, one-bath townhouse apartments, each with a private exterior entrance. Current gross rental income is $6,875 per month, or $82,500 annually, providing an attractive existing income stream with potential for continued growth. Over half of the units have been remodeled in recent years, with rents as high as $1,075/month, offering investors a strong combination of current cash flow and future upside. Individual rents range from $925 to $1,075/month. Tenants pay electric and gas; owner pays water, sewer and trash. Full unfinished walkout basement provides excellent storage potential and access to the rear yard and parking. Additional off-street parking is available. Three-bedroom townhouse apartments offer strong tenant appeal and rental demand in this location. Conveniently situated in Old North Dayton, just minutes from downtown Dayton and Dayton Children's Hospital. A compelling opportunity for investors seeking established rental income, desirable unit layouts and value-add potential.
*note: operating expences and NOI are averages estimated over 12 months based on some of the first 6 months performance of 2026 and do not include professional management fees or capital improvements such as remodeling of unit expences or some variable expences.
*note: operating expences and NOI are averages estimated over 12 months based on some of the first 6 months performance of 2026 and do not include professional management fees or capital improvements such as remodeling of unit expences or some variable expences.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Full, Unfinished, Walkout
Kitchen Laminate Counters, Remodeled
Interior
Interior Features Smoke Alarm(s)
Heating Forced Air, Natural Gas
Cooling Central
Exterior
Exterior Feature Partial Fence, Porch
Parking Features None
Utilities Available 220 Volt Outlet, Natural Gas, Public Water, Sanitary Sewer
Building
Structure Type Brick
Schools
School District Dayton
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Listed by RE/MAX Real Estate Specialists
Nearby Locations
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