4840 Springfield Street, Riverside, OH 45431
Local realty services provided by:CENTURY 21 Capital GOLD
4840 Springfield Street,Dayton, OH 45431
$495,000
- 9 Beds
- 8 Baths
- 5,332 sq. ft.
- Multi-family
- Pending
Listed by: gregg russell, paul j howe(937) 439-4500
Office: coldwell banker heritage
MLS#:944618
Source:OH_DABR
Price summary
- Price:$495,000
- Price per sq. ft.:$92.84
About this home
INVESTMENT HIGHLIGHTS
* Turnkey Investment Opportunity
* Outstanding Rental Market (Workforce, University, Military)
* Recent Renovations
EXECUTIVE SUMMARY
Cash Flowing | Turnkey 8-Unit Multifamily Investment Opportunity
Property Overview
Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades.
Interior & Exterior
7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units
Financial Snapshot
One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $66,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P&L available upon request- Upside potential in rents & final renovation
Location Advantages
Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing
Investment Summary
4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation.
Contact an agent
Home facts
- Year built:1971
- Listing ID #:944618
- Added:69 day(s) ago
- Updated:November 24, 2025 at 08:56 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:8
- Full bathrooms:8
- Living area:5,332 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1971
- Building area:5,332 sq. ft.
- Lot area:0.9 Acres
Finances and disclosures
- Price:$495,000
- Price per sq. ft.:$92.84
New listings near 4840 Springfield Street
- New
$149,900Active3 beds 1 baths936 sq. ft.1105 Ames Avenue, Dayton, OH 45432
MLS# 949362Listed by: COLDWELL BANKER HERITAGE - New
$225,000Active3 beds 2 baths1,552 sq. ft.785 Biltmore Place, Dayton, OH 45431
MLS# 949336Listed by: LUMA REALTY - New
$199,900Active3 beds 2 baths1,215 sq. ft.551 Ketcham Street, Dayton, OH 45431
MLS# 949317Listed by: HOWARD HANNA REAL ESTATE SERV - New
$209,900Active4 beds 1 baths1,454 sq. ft.1209 Ringwalt Drive, Dayton, OH 45432
MLS# 949020Listed by: COLDWELL BANKER HERITAGE 
$184,900Pending3 beds 2 baths1,565 sq. ft.145 Meyer Avenue, Riverside, OH 45431
MLS# 949178Listed by: IRONGATE INC.- New
$100,000Active2 beds 1 baths866 sq. ft.1301 Ames Avenue, Dayton, OH 45432
MLS# 949159Listed by: IRONGATE INC. - New
$155,000Active3 beds 1 baths1,015 sq. ft.4516 Glen Martin Drive, Dayton, OH 45431
MLS# 949107Listed by: BRUNS REALTY GROUP, LLC - New
$124,900Active2 beds 1 baths988 sq. ft.512 Hypathia Avenue, Dayton, OH 45404
MLS# 948983Listed by: COLDWELL BANKER HERITAGE 
$149,900Pending3 beds 2 baths1,203 sq. ft.1451 Falke Drive, Dayton, OH 45432
MLS# 948520Listed by: RED 1 REALTY
$1Pending3 beds 2 baths1,220 sq. ft.2332 Bonnieview Avenue, Riverside, OH 45431
MLS# 1863287Listed by: PRODIGY PROPERTIES
Protect your home and budget with an American Home Shield© home warranty. Learn more©2025 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.