151 Grove Avenue, Dayton, OH 45404
Local realty services provided by:CENTURY 21 HomeStar
151 Grove Avenue,Dayton, OH 45404
$514,999
- 3 Beds
- 1 Baths
- 12,606 sq. ft.
- Multi-family
- Active
Listed by: philip l herman
Office: re/max real estate specialists
MLS#:969165
Source:OH_DABR
Price summary
- Price:$514,999
- Price per sq. ft.:$40.85
About this home
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....
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Home facts
- Year built:1900
- Subdivision & Development:City/Dayton Rev
- Listing ID #:969165
- Added:1 day(s) ago
- Updated:September 18, 2026 at 08:04 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Full, Unfinished
- Living area:12,606 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:1900
- Building area:12,606 sq. ft.
- Lot area:0.29 Acres
- Construction Materials:Brick
- Exterior Features:Fence, Porch
Finances and disclosures
- Price:$514,999
- Price per sq. ft.:$40.85
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