$575,000
$25K PRICE DROP

Estimated payment $3,732/month

Total Views 40,711
12 Beds
7 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Balcony
  • Patio
  • High Speed Internet
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

About This Home

***Recent Refurbished unit (December 2025)*** Turnkey 7-Unit Multifamily | Steps from University of Dayton | Fully Leased Income Stream 14–20 Mello Avenue Dayton, OH 45410 Acquire a fully leased seven-unit multifamily property in one of Dayton’s most sought-after rental corridors. Just steps from the University of Dayton (UD), this turnkey building pairs immediate cash flow with brand-new capital improvements, including a new roof installed Summer 2025 creating years of low-maintenance ownership. Property Highlights
• Five 2BR/1BA apartments
• Two 1BR/1BA apartments
• Dedicated off-street parking for seven vehicles plus ample street parking
• Well-maintained common areas and mechanicals. Location Advantages
• Prime Access: Walk to UD’s academic core, athletics, and student services
• Parking Advantage: Private rear lot, rarely available near campus
• High Demand: UD proximity drives exceptional occupancy and rent resilience. Investor Takeaway
Opportunities of this caliber near the University of Dayton are scarce and tightly held. Whether you’re expanding a portfolio or entering Dayton’s multifamily market, this property offers a rare chance to own a high-demand asset in a proven, supply-constrained location.

Listing Agent

Stephen Payne

Keller Williams Community Part Brokerage Phone: (937) 530-4904 Listed on: 05/15/2026

Keller Williams Community Part

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 77 x 120

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number R72-03307-0020

Community Details

Overview

  • 7 Units
  • Fort Mckinley Subdivision

Building Details

  • Gross Income $60,628

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

4,500 Sq Ft Lot

Listing Details

  • Major Appliances: Dishwasher, Range, Refrigerator
  • Cooling System: Wall Unit(s)
  • Property Sub Type: Multi Family
  • Year Built: 1972
  • Attribution Contact: (937) 530-4904
  • Lot Size Acres: 0.1033
  • SecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: (937) 530-4904
  • MLS Status: Active
  • Master Plan Zoning: Residential
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Interior Amenities: High Speed Internet
  • Property Type: Residential Income
  • Full Bathrooms: 7
  • Total Bedrooms: 12
  • Stories: 2

Exterior Features

  • Construction Type: Aluminum Siding, Brick
  • Exterior Features: Balcony, Patio
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony, Patio

Garage/Parking

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

Utilities

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

Schools

  • Junior High Dist: Dayton

Lot Info

  • Lot Dimensions: 77 x 120
  • Lot Size Sq Ft: 4500.0
  • Parcel Number: R72-03307-0020
  • Zoning Description: Residential

Multi Family

  • Annual Gross Income: 60628.0
  • Number Of Units Total: 7

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/09/2026 06/09/26 Price Changed $575,000 -4.2% --
05/15/2026 05/15/26 For Sale $600,000 -- --
Source: Dayton REALTORS®

About the Listing Agent

Stephen Payne

Keller Williams Community Part

(326) 216-4389

Section Image

When Stephen decided to enter this business, 22 years ago, he took his father's advice. He told Stephen, “No matter what you do with your life, remember to help people.” He has never forgotten that. That is the foundation of his business model. Whether someone is looking to buy or sell, they are putting their trust in Stephen. He appreciates the gravity of their faith in him, and he does not take it for granted. He strives to be on the forefront of Real Estate. He utilizes every advantage,

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Source: Dayton REALTORS®

MLS Number: 959231

Dayton REALTORS®
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