440-474-2269
805-819 Wilmington Ave, Dayton, OH for Sale
Apartments - FOR SALE
1/11
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805-819 Wilmington Ave
Dayton, OH 45420
Shroyer Park


HIGHLIGHTS

  • Well-maintained asset with over 30 years of current ownership
  • Clear renovation value-add opportunity with below-market rents and ability to drive income through interior upgrades and operational improvements
  • Located in the Shroyer Park submarket, directly adjacent to Kettering and Oakwood with strong renter demand and accessibility to major employment hubs
  • Recent capital improvements include roof replacement (2021), solar panel installation (2021), and vinyl windows replaced (2010)

OVERVIEW

Marcus & Millichap is pleased to present Wilmington Apartments, an 84-unit multifamily investment opportunity located at 805–819 Wilmington Avenue in Dayton, Ohio within Montgomery County. The property is comprised of two three-story brick buildings situated across two parcels, offering a well-maintained asset in the Shroyer Park submarket. Constructed in 1962, the property totals approximately 42,000 rentable square feet and features a 100% one-bedroom unit mix with efficient layouts. Wilmington Apartments is currently operating at approximately 90% occupancy with average effective rents around $809, providing a clear value-add opportunity through interior renovations, lease-up, and the implementation of a RUBS program. The property currently includes all utilities in rent, creating immediate upside through expense recapture and additional income streams such as bulk internet and laundry. The asset benefits from long-term ownership, recent capital improvements, and a highly accessible location adjacent to Kettering and Oakwood, with close proximity to the University of Dayton, Downtown Dayton, and Wright-Patterson Air Force Base, supporting stable renter demand and long-term growth. Link to deal vault with OM, rent roll and financials: https://www.marcusmillichap.com/properties/202663/wilmington-apartments

FOR SALE DETAILS

PRICE

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# OF UNITS

84

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wilmington Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

84

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

-

APN/PARCEL ID

R72-13805-0006

ASK ABOUT THIS PROPERTY

Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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