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

2 stories
1 full
1900

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$2,754/mo

20% down · 6.5% · 30 years

Principal$372
Interest$2,232
Insurance$150

Estimates only. Actual payments may vary.

Location

151 Grove Avenue

Dayton, OH 45404

City/Dayton Rev

Features & Amenities

Interior Features

LaminateCountersRemodeled

Exterior Features

FencePorch

Property Details

Construction

Brick

Outdoor Features

Porch

Parking

Garage

Heating

Natural GasForced Air

Cooling

Central Air

Appliances

RangeRefrigerator

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.

PH

Philip L Herman

Agent at RE/MAX Real Estate Specialists

(937) 305-4838
Agent website

Listed by RE/MAX Real Estate Specialists · Broker phone: (937) 305-4838 · View on Broker Site · Broker website

MLS# 969165· Source: Dayton Realtors· 15 days on PropertySimple

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.

151 Grove Avenue, Dayton, OH 45404

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