824-826 Shroyer Rd - Apartments FOR SALE


Dayton, OH 45419- Shroyer Park
$590,000 USD
937-433-1776
824-826 Shroyer Rd, Dayton, OH for Sale
$590,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

824-826 Shroyer Rd
Dayton, OH 45419
Shroyer Park


OVERVIEW

Located in the desirable Shroyer Park area, 824 & 826 Shroyer Road offer a solid multi-family investment opportunity in one of Dayton’s most stable and convenient neighborhoods. Built in 1963, these side-by-side buildings feature a total of four well-sized apartment units, including large one-bedroom layouts that measure up to 1,000 sq ft. The properties sit on manageable lots with on-street and off-street parking options, and benefit from close proximity to multiple retail centers, everyday amenities, and major road connections. Both buildings have a proven rental history and appeal to long-term tenants, with the surrounding Shroyer Park community reflecting steady home values and strong demand for clean, functional housing. With each property last selling at market value and assessed values continuing to rise, the pair present a great combination of affordability and upside—ideal for new or experienced investors seeking reliable cash flow in a central Dayton location. Woodbine – Building Condition Summary The Woodbine buildings have received consistent updates throughout ownership. Roofs were replaced approximately 5–8 years ago, and the electric panels were upgraded within the last five years. HVAC systems vary in age, though roughly half have been replaced over the past decade. During unit remodels completed within the last four years, most plumbing components—including p-traps, sinks, toilets, and disposals—were updated. In addition, new windows have been installed across the property within the last five years, further enhancing efficiency and long-term durability. Shroyer – Building Condition Summary The Shroyer buildings have also benefited from steady improvements. Roofs are believed to have been replaced within the last 10 years, providing solid structural reliability. Electric panels predate the seller’s 2018 ownership, while HVAC systems have been updated progressively, with approximately half replaced since 2018. Plumbing updates have been made during unit renovations, estimated at about half the building, due to long-term tenant occupancy. Similar to Woodbine, new windows were installed within the past five years, contributing to improved performance and tenant comfort. Please note that no inside showings will be scheduled until the seller has an accepted offer from the buyer.

FOR SALE DETAILS

PRICE

$590,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

4

PRICE/UNIT

$147,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,140 SF

ZONING

-

APN/PARCEL ID

R72-13906-0001

ASK ABOUT THIS PROPERTY

Bob CapernaHoward Hanna Real Estate ServicesMore Info
937-433-1776

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Bob CapernaHoward Hanna Real Estate ServicesMore Info
937-433-1776

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