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Jen Crosby

crosbyjen@gmail.com +1(513) 675-0797

$ 514,999

Est. payment | -/mo

3 Beds

1 Bath

12,606 SqFt

Save

$ 514,999

Est. payment | -/mo

Save

3 Beds

1 Bath

12,606 SqFt

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.

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

Listed by RE/MAX Real Estate Specialists

Nearby Locations

GET MORE INFORMATION

Jen Crosby

REALTOR® Lic# 2020005120

crosbyjen@gmail.com

+1(513) 675-0797

8280 Yankee St, Dayton, OH 45458

151 Grove Avenue Dayton, OH 45404

Jen Crosby

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

151 Grove Avenue