$200,000
PENDING

108 E Norman Ave Dayton, OH 45405

North Riverdale Neighborhood

Estimated payment $1,281/month

Total Views 676
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • 4 Car Garage
  • Heating System Uses Natural Gas

About This Home

PLEASE SUBMIT BEST AND HIGHEST BY 9/8/25 at 4pm. This well-maintained four-unit multifamily property offers an excellent opportunity for investors seeking a stable addition to their portfolio. Each unit is designed with two bedrooms and one bathroom, providing a practical and efficient layout that appeals to a wide range of renters. The building is currently vacant, giving new ownership flexibility to determine rental terms and complete finishing touches before occupancy.

The property is in good overall condition, minimizing the need for major repairs and offering a strong foundation for value-add improvements. Investors will have the chance to implement upgrades that align with their leasing strategy, which can further enhance rental income and tenant appeal.

According to HUD’s Small Area Fair Market Rents, the estimated rental value for each unit is approximately $930 per month. With all four units leased, this equates to an estimated gross rental income of $3,720 per month. This projection highlights the property’s strong income potential and positions it as a compelling opportunity in today’s multifamily market.

Located in Dayton, the property benefits from convenient access to local services, shopping, schools, and major transportation routes. Its central location makes it appealing for long-term tenant demand. For investors, the combination of multiple units under one roof, reliable market rent projections, and the ability to add value through finishing work creates a strong foundation for long-term returns.

Whether you are an experienced investor expanding your portfolio or seeking your first multifamily property, 108 E. Norman Avenue represents a rare opportunity to acquire a vacant, ready-for-improvement asset with excellent cash flow potential in the Dayton market. PROPERTY IS BEING SOLD AS-IS.

Listing Agent

Brianna Thompson

Howard Hanna Real Estate Serv License #2024001774 Listed on: 09/04/2025

Howard Hanna Real Estate Serv

Property Details

Home Type

  • Multi-Family

Year Built

  • 1951

Lot Details

  • Lot Dimensions are 44 x 170

Parking

  • 4 Car Garage
  • Driveway
  • On-Street Parking
  • Parking Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number R72 06110 0009

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $44,640
  • Net Operating Income $29,016

Property Details

Home Type

Multi-Family

Year Built

1951

Lot Details

0

Parking

4

Listing Details

  • Cooling System: Central Air
  • Property Sub Type: Multi Family
  • Year Built: 1951
  • Co List Office Phone: (937) 435-6000
  • Ownership: Corporate Owned
  • MLS Status: Pending
  • Master Plan Zoning: Residential
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Basement: Full
  • Garage Spaces: 4.0
  • Property Type: Residential Income
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Driveway, Four or more Spaces, Garage, Parking Lot, On Street

Utilities

  • Heating: Natural Gas
  • Utilities: Natural Gas Available, Water Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Dayton

Lot Info

  • Lot Dimensions: 44 x 170
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: R72 06110 0009
  • Zoning Description: Residential

Multi Family

  • Annual Gross Income: 44640.0
  • Property Net Operating Income: 29016.0
  • Number Of Units Total: 4

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Pending -- -- --
09/04/2025 09/04/25 For Sale $200,000 -- --
Source: Dayton REALTORS®

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Source: Dayton REALTORS®

MLS Number: 942829

Dayton REALTORS®
Ohio Montgomery County Dayton 45405 North Riverdale

108 E Norman Ave, Dayton, OH

This home is located at 108 E Norman Ave, Dayton, OH 45405 and is currently priced at $200,000. This property was built in 1951. 108 E Norman Ave is a home located in Montgomery County with nearby schools including Valerie Elementary School, Deca Prep, and Gem City Career Prep High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Dayton REALTORS® The information is being provided by Dayton Area Board of Realtors MLS. Information deemed reliable but not guaranteed. Information is provided for the consumer's personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Dayton Area Board of Realtors MLS. All Rights Reserved.

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Listing Agent
Brianna Thompson
Section Image
Howard Hanna Real Estate Serv
(326) 777-8436