2615 N Gettysburg Ave - Apartments FOR SALE


Dayton, OH 45406- Northern Hills
$299,900 USD
937-657-2876
2615 N Gettysburg Ave, Dayton, OH for Sale
$299,900 USD
Apartments - FOR SALE
1/18
null | 10.25% Cap Rate

2615 N Gettysburg Ave
Dayton, OH 45406
Northern Hills


HIGHLIGHTS

  • Fully occupied 5-unit apartment building providing immediate and consistent in-place cash flow.
  • Five separate income streams reduce vacancy risk compared to smaller multifamily assets.
  • Individual electric panels and well-maintained mechanicals help limit near-term capital expenses.
  • Located in an established Dayton workforce-housing submarket with strong small-multifamily investor demand.
  • Upside through rent growth and efficient management without major renovations.

OVERVIEW

This 5-unit apartment building provides steady in-place income with five separate rent streams and is currently fully occupied, offering investors immediate and consistent cash flow. The diversified unit mix helps reduce vacancy risk compared to smaller multifamily properties, while the manageable size makes the asset easy to operate and track financially. This property is well suited for buy-and-hold investors, first-time multifamily buyers, or 1031 exchange purchasers seeking reliable income. From an operations standpoint, the property shows well-maintained core systems, including individual electrical panels for each unit, multiple Goodman gas furnaces, and a modern Rheem water heater, helping limit near-term capital expenses. With solid mechanicals in place, the focus remains on income stability and operational efficiency, allowing more of the rental revenue to flow to the bottom line. The property offers cash-flow-first performance today, with additional upside potential through rent growth and continued efficient management.

FOR SALE DETAILS

PRICE

$299,900 USD

PRICE/SF

$86 USD /SF

# OF UNITS

5

PRICE/UNIT

$59,980

CAP RATE

10.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,362 SF

ZONING

Multi Family

APN/PARCEL ID

R72-16008-0003

ASK ABOUT THIS PROPERTY

Greg BlattThe Blatt Group-KW Commercial Community PartnersMore Info
937-657-2876

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Greg BlattThe Blatt Group-KW Commercial Community PartnersMore Info
937-657-2876

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