NOT LISTED FOR SALE
8 Beds
4 Baths
4,872 Sq Ft
7,405 Sq Ft Lot

Last Sold May 01, 2024

Last sale price $240,000 $49 Per Sq Ft

4 Days on Market

About This Home

As of May 2024

Introducing an exceptional investment opportunity in the heart of Dayton, OH located at 116 E Norman Ave. Boasting a
3,248 square-foot building with four two bedroom, 1 bath units, this low-rise gem exudes timeless charm, originally
constructed in 1951 and two units refurbished in 2024. Tenants pay for heat and electric. With a 75% occupancy rate,
this property presents a compelling investment prospect for multifamily investors looking to capitalize on a well established
asset in a sought-after location. Don't miss the chance to acquire this turnkey investment and establish a
strong foothold in the thriving Dayton multifamily market. Rents are: Apt 1 - $800, Apt 2 - $700, Apt 3 - $750 vacant, Apt 4 - $750.

Last Agent to Sell the Property

Doug Broomhall

West Fork Realty Group LLC Brokerage Phone: (513) 936-9110 License #2004015169 Listed on: 03/28/2024

Co-Listed By

Todd Broomhall

Keller Williams Home Town Rlty Brokerage Phone: (513) 936-9110 License #2021008836

Last Buyer's Agent

Annette Sand

Glasshouse Realty Group License #2018003893

Glasshouse Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1951

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 44' x 170'

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,872 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • Parking Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • Assessor Parcel Number R72-06110-0012

Community Details

Overview

  • 4 Units
  • City/Dayton Rev Subdivision

Building Details

  • Gross Income $36,000
  • Net Operating Income $24,230

Property Details

Home Type

Multi-Family

Year Built

1951

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Major Appliances: Range, Refrigerator
  • Cooling System: None
  • Property Sub Type: Multi Family
  • Year Built: 1951
  • Attribution Contact: (513) 936-9110
  • Lot Size Acres: 0.17
  • Co List Office Mls Id: KWHT01
  • Co List Office Phone: (937) 890-9111
  • Co List Office Phone: (513) 936-9110
  • MLS Status: Closed
  • Living Area: 4872.0
  • Master Plan Zoning: Residential,Multiple
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished
  • Sewer: Storm Sewer
  • Property Type: Residential Income
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Parking Lot

Utilities

  • Heating: Forced Air, Natural Gas
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Dayton

Lot Info

  • Lot Dimensions: 44' x 170'
  • Lot Size Sq Ft: 7405.0
  • Parcel Number: R72-06110-0012
  • Zoning Description: Residential,Multiple

Rental Info

  • Tenant Pays: Electricity, Gas, Heat

Multi Family

  • Annual Gross Income: 36000.0
  • Property Net Operating Income: 24230.0
  • Number Of Units Total: 4
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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 List to Sale Price per Sq Ft Prior Sale
05/01/2024 05/01/24 Sold $240,000 -10.8% $49 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $269,000 +535.9% $55 / Sq Ft
03/05/2018 03/05/18 Off Market $42,300 -- --
12/04/2017 12/04/17 Sold $42,300 +5.8% $9 / Sq Ft View Prior Sale
09/26/2017 09/26/17 Pending -- -- --
09/15/2017 09/15/17 For Sale $40,000 -- $8 / Sq Ft
Source: Dayton REALTORS®

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 $4,910 $49,050 $5,180 $43,870
2024 $4,709 $49,050 $5,180 $43,870
2023 $4,709 $49,050 $5,180 $43,870
2022 $3,595 $33,150 $3,500 $29,650
2021 $3,634 $33,150 $3,500 $29,650
2020 $3,653 $33,150 $3,500 $29,650
2019 $2,540 $22,090 $3,500 $18,590
2018 $2,548 $22,090 $3,500 $18,590
2017 $2,543 $22,090 $3,500 $18,590
2016 $2,614 $22,090 $3,500 $18,590
2015 $2,512 $22,090 $3,500 $18,590
2014 $2,512 $22,090 $3,500 $18,590
2012 -- $25,170 $3,190 $21,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Dayton REALTORS®

MLS Number: 907775

Dayton REALTORS®

APN: R72-06110-0012

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