151 Grove Ave Dayton, OH 45404
Old North Dayton NeighborhoodEstimated payment $4,056/month
Total Views
12,233
21
Beds
7
Baths
12,606
Sq Ft
$50
Price per Sq Ft
Highlights
- Hot Property
- Porch
- Partially Fenced Property
- 0.29 Acre Lot
- Forced Air Heating and Cooling System
About This Home
Rare Investment Opportunity: Cash-Flowing 7-Unit Multi-family Townhouse Property in Old North Dayton
Investors—don’t miss this rare chance to add a stabilized, high-demand, cash-flowing asset to your portfolio! Located in the heart of Old North Dayton, this 7-unit townhouse-style rental property offers consistent income and long-term value.
Each unit is a spacious 3-bedroom, 1-bath, 1,150 sq ft townhouse with a full walkout basement. Four units have been fully remodeled in recent years, with rents reaching up to ~$1,000/month. Tenants cover electricity and gas, while the owner pays water, sewer, and trash—keeping overhead low and predictable.
This low-maintenance property has a proven rental history and strong tenant appeal. Townhouse-style units in this area are in high demand, thanks to their layout and location—just minutes from downtown Dayton and Dayton Children’s Hospital.
The out-of-town owner made long-term updates with the intention to hold the property indefinitely, but now needs to redirect focus to other obligations. This is your opportunity to step into a turnkey investment with immediate returns. Recent investments include tuck-pointing brickwork this year ($totaling 26,375). As a result, the net operating income this past year is skewed.
Listing Agent
Keller Williams Community Part Brokerage Phone: (937) 530-4904 Listed on: 08/29/2025
Property Details
Home Type
- Multi-Family
Year Built
- 1900
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 99 x 126.5
- Partially Fenced Property
Home Design
- Brick Exterior Construction
Interior Spaces
- 12,606 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Kitchen
- Range
- Laminate Countertops
Bedrooms and Bathrooms
- 21 Bedrooms
- 7 Full Bathrooms
Parking
- No Garage
- Private Parking
- On-Street Parking
- Parking Lot
Outdoor Features
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number R72-05209-0026
Community Details
Overview
- 7 Units
- City/Dayton Rev Subdivision
Building Details
- Gross Income $76,993
- Net Operating Income $13,748
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $629,999 | -- | $50 / Sq Ft |
Source: Dayton REALTORS®
About the Listing Agent
When Stephen decided to enter this business, 20 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,
Stephen's Other Listings
Source: Dayton REALTORS®
MLS Number: 942225
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 2025 Dayton Area Board of Realtors MLS. All Rights Reserved.
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