About This Home
This 3-bedroom, 1-bathroom residential multi family at 151 Grove Avenue in Dayton, OH is listed for $514,999 ($41 per sqft). Built in 1900, the home offers 12,606 sqft of living space on a 0.29 acres lot.
Key Features
- Built in 1900
- 0.29 acre lot
- 2 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$2,754/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
151 Grove Avenue
Dayton, OH 45404
City/Dayton Rev
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Outdoor Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 1-bathroom residential multi family at 151 Grove Avenue is listed at $514,999 ($41/sqft). The estimated monthly payment is $2,754 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.29 acre lot, 2 stories. Interior Features: LaminateCounters, Remodeled. Exterior Features: Fence, Porch.
This property is listed by Philip L Herman and can be reached at 9373054838.


