# 115 E Norman Avenue, Dayton, OH 45405 > **TL;DR:** 1bd/1ba residential multi family, $237,900 ($57/sqft), built 1950, 4,176 sqft. Est. $1,272/mo. Listed 2 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $237,900 | | Price/sqft | $57 | | Bedrooms | 1 | | Bathrooms | 1 full | | Square Feet | 4,176 | | Year Built | 1950 | | Lot Size | 6,970 sqft (0.16 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 2 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,203 | | Estimated Insurance | $69 | | **Total** | **$1,272** | ## Property Highlights - Built in 1950 - 0.16 acre lot - 2 stories ## Description ### Agent Description Excellent investment opportunity! Full-brick, two-story four-family property built in 1950 offering 4,176 square feet and four 1-bedroom apartments, all currently leased at $750/month. Gross rental income is $36,000 annually, providing immediate income from day one. Units 3 and 4 have been recently updated and remodeled, representing approximately $14,500 in seller capital improvements. Tenants pay electric and trash; owner pays property taxes, water, lawn care and snow removal. Annual property taxes are approximately $3,332. Full basement with glass-block windows. Rear parking plus additional off-street parking. Convenient Norman Avenue location with easy access to I-75, downtown Dayton, University of Dayton, hospitals, dining and entertainment. Approximately one mile to I-75 and downtown. Solid value for an investor seeking an income-producing multifamily property with all four units already occupied. *expences listed include property taxes plus some expences, not all expences, waiting to receive total expences and breakdown of expences to arrive at a total expence and accurate NOI. ## Location - **Address:** 115 E Norman Avenue, Dayton, OH 45405 - **County:** Montgomery - **Neighborhood:** City/Dayton Rev - **Coordinates:** 39.785686, -84.206735 - **Google Maps:** https://www.google.com/maps?q=39.785686,-84.206735 ## Listing Agent - **Name:** Philip L Herman - **Brokerage:** RE/MAX Real Estate Specialists - **Phone:** 9373054838 - **Broker Phone:** (937) 305-4838 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/115-E-Norman-Ave_Dayton_OH_45405_M42171-53132?f=listhub&s=DABROH&m=970536&c=propsimple) ## Photos ![115 E Norman Avenue - Photo 1](http://lh.rdcpix.com/63e008f579638d4ef5cf9333d9d10961l-f3614324110r.jpg) ![115 E Norman Avenue - Photo 2](http://lh.rdcpix.com/63e008f579638d4ef5cf9333d9d10961l-f2708529260r.jpg) ![115 E Norman Avenue - Photo 3](http://lh.rdcpix.com/63e008f579638d4ef5cf9333d9d10961l-f1019413296r.jpg) ![115 E Norman Avenue - Photo 4](http://lh.rdcpix.com/63e008f579638d4ef5cf9333d9d10961l-f2324869014r.jpg) --- **MLS#:** 970536 | **Updated:** 2026-10-07 **Source:** listhub *Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/115-e-norman-avenue-dayton-oh-45405-h970536) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/115-e-norman-avenue-dayton-oh-45405-h970536#listing", "url": "https://www.propertysimple.ai/listing/115-e-norman-avenue-dayton-oh-45405-h970536", "name": "115 E Norman Avenue, Dayton, OH 45405", "description": "Excellent investment opportunity! Full-brick, two-story four-family property built in 1950 offering 4,176 square feet and four 1-bedroom apartments, all currently leased at $750/month. Gross rental income is $36,000 annually, providing immediate income from day one. Units 3 and 4 have been recently updated and remodeled, representing approximately $14,500 in seller capital improvements. Tenants pay electric and trash; owner pays property taxes, water, lawn care and snow removal. Annual property taxes are approximately $3,332. Full basement with glass-block windows. Rear parking plus additional off-street parking. Convenient Norman Avenue location with easy access to I-75, downtown Dayton, University of Dayton, hospitals, dining and entertainment. Approximately one mile to I-75 and downtown. 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