115 E Norman Ave Dayton, OH 45405
North Riverdale NeighborhoodEstimated payment $1,830/month
About This Home
This four-unit multifamily property offers a fantastic investment opportunity with immediate income potential. Each of the four units features a comfortable 1-bedroom, 1-bathroom layout, appealing to a wide range of tenants. All units are currently tenant-occupied, providing stable, consistent cash flow from day one. Ideally located just minutes from downtown, residents enjoy convenient access to a variety of dining, shopping, and entertainment options. The property is also situated near a major hospital and the University of Dayton. Whether you're looking to expand your portfolio or secure a turnkey investment, this property combines strong rental demand with a prime setting.
Listing Agent
Irongate Inc. Brokerage Phone: (937) 436-2700 License #2021008431 Listed on: 03/27/2026
Property Details
Home Type
- Multi-Family
Year Built
- 1950
Lot Details
- 6,970 Sq Ft Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 4,176 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Parking
- No Garage
- On-Street Parking
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number R72-06102-0059
Community Details
Overview
- 4 Units
- City/Dayton Rev Subdivision
Building Details
- Gross Income $36,000
- Net Operating Income $32,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,367 | $33,290 | $5,180 | $28,110 |
| 2024 | $3,223 | $33,290 | $5,180 | $28,110 |
| 2023 | $3,223 | $33,290 | $5,180 | $28,110 |
| 2022 | $2,406 | $22,490 | $3,500 | $18,990 |
| 2021 | $2,432 | $22,490 | $3,500 | $18,990 |
| 2020 | $2,445 | $22,490 | $3,500 | $18,990 |
| 2019 | $1,137 | $9,880 | $3,500 | $6,380 |
| 2018 | $1,141 | $9,880 | $3,500 | $6,380 |
| 2017 | $1,138 | $9,880 | $3,500 | $6,380 |
| 2016 | $1,257 | $9,880 | $3,500 | $6,380 |
| 2015 | $1,125 | $9,880 | $3,500 | $6,380 |
| 2014 | $1,125 | $9,880 | $3,500 | $6,380 |
| 2012 | -- | $22,230 | $3,190 | $19,040 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/27/2026 03/27/26 | For Sale | $290,000 | +52.6% | $69 / Sq Ft | |
| 09/02/2025 09/02/25 | Sold | $190,000 | -7.5% | $45 / Sq Ft | View Prior Sale |
| 08/01/2025 08/01/25 | For Sale | $205,490 | -2.1% | $49 / Sq Ft | |
| 12/10/2024 12/10/24 | Sold | $210,000 | -7.9% | $50 / Sq Ft | View Prior Sale |
| 10/23/2024 10/23/24 | Pending | -- | -- | -- | |
| 08/07/2024 08/07/24 | Price Changed | $228,000 | -0.4% | $55 / Sq Ft | |
| 05/21/2024 05/21/24 | For Sale | $229,000 | -- | $55 / Sq Ft |
Source: Dayton REALTORS®
MLS Number: 955193
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.
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 2026 Dayton Area Board of Realtors MLS. All Rights Reserved.
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Ask me questions while you tour the home.