Address
151 Grove Avenue, Dayton, OH
Price
$ 514,999
Property Attributes
- MLS#969165
- TypeMulti-Family
- Listing Status Active
- CountyMontgomery
- CityDayton
- NeighborhoodCity/Dayton Rev
- Zip45404
- Style
- Year Built1900
- Price$ 514,999
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage12606
- Lot Size0.29 Acres
Data Source:
Dayton Ohio MLS (DTON)
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.
| Price History | |
|---|---|
| 9/18/2026 | Listed $514,999 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 45404
Price
Year Built
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brokerage firms other than Bella Realty Group are marked with the MLS ™ logo
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