151-163 Grove Ave - Apartments FOR SALE


Dayton, OH 45404- Old North Dayton
$514,900 USD
937-305-4838
151-163 Grove Ave, Dayton, OH for Sale
$514,900 USD
Apartments - FOR SALE
1/11
null | 8.58% Cap Rate

151-163 Grove Ave
Dayton, OH 45404
Old North Dayton


HIGHLIGHTS

  • 7 unit brick building with 3 bedroom townhouses apartments each with exterior entrances. Tenants pay elec. & gas; owner pays water, sewer & trash.
  • 100 % occupied with rents from $925 to $1075, a strong combination of current cash flow and future upside. OUTSTANDING INVESTMENT OPPORTUNITY!
  • Full unfinished walkout basement provides excellent storage potential and access to the rear yard and parking. Additional off-street parking is avail.

OVERVIEW

OUTSTANDING INVESTMENT OPPORTUNITY! Brick two-story seven-unit multifamily property featuring 7 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.

FOR SALE DETAILS

PRICE

$514,900 USD

PRICE/SF

$61 USD /SF

# OF UNITS

7

PRICE/UNIT

$73,557

CAP RATE

8.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,688 SF

ZONING

MR-5

APN/PARCEL ID

R72-05209-0025,R72-05209-0026

ASK ABOUT THIS PROPERTY

Philip Herman, CCIMRe/Max Real Estate SpecialistMore Info
937-305-4838

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Philip Herman, CCIMRe/Max Real Estate SpecialistMore Info
937-305-4838

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.