$399,900
UNDER CONTRACT

1554 Willamet Rd Dayton, OH 45429

Kettering Area

Estimated payment $2,837/month

Total Views 47,574
4 Beds
4 Baths
2,432 Sq Ft
$164 Price per Sq Ft

Highlights

  • 4 Car Detached Garage
  • Parking Storage or Cabinetry
  • Ceiling Fan
  • Beavertown Elementary School Rated A-
  • Forced Air Heating System
  • 1-Story Property

About This Home

Stabilized brick asset in the heart of Kettering featuring a massive "rent gap", while currently yielding steady income with long term tenants. This property is primed for a "market to market" strategy that can increase gross revenue by 40% with minor cosmetic updates. Invest in a recession - proof US Military - corridor market, Wright-Patterson Air Force Base. Why WILLAMET ROAD? Location stability: 15 minutes to Wright-Patterson AFB, (huge tenant pool). Convenience: Less than 2 miles to the Greene Shopping & dining. High demand area: Zip Code 45429 is one of the most supply-constrained rental pockets in the Dayton MSA. Multiple improvements: Upgraded carport drainage (in 2024 a new drainage system preventing water from pooling and freezing totally mitigating fall hazards) and added motion sensor lights improving nighttime visibility and safety. New household appliances: two units with new water heaters, two AC wall units, one with new range, two units have new microwaves, one new furnace, one has building owner washer /dryer and partially furnished. New gutters; high quality (Monolithic gutters in 2025). General repair: new toilet, bathtub plumbing replaced, 2 kitchen faucets replaced, front steps concrete landing installed in 2024, rebuilt handrails for safety, fluorescent lighting installed, furnaces cleaned and serviced annually, lawn cared for annually. Units 1554 and 1560 each have a Radon System installed. In general, the property has been well maintained throughout the years. Long term tenants take great care of their units, and all would like to stay.

Listing Agent

Larry Lemonds

RE/MAX Victory + Affiliates Brokerage Phone: (937) 524-0080 License #0000232854 Listed on: 04/01/2026

RE/MAX Victory + Affiliates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 12,197 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • Carport
  • Parking Storage or Cabinetry

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2,432 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number N64-02811-0020

Community Details

Overview

  • 4 Units
  • Tudor Park Subdivision

Building Details

  • Gross Income $31,740
  • Net Operating Income $16,240

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0.28 Acres

Parking

4

Listing Details

  • Major Appliances: Microwave, Range, Refrigerator, Gas Water Heater
  • Cooling System: Other, Wall Unit(s)
  • Property Sub Type: Multi Family
  • Cross Street: Wilmington Pike
  • Year Built: 1964
  • Attribution Contact: (937) 524-0080
  • Lot Size Acres: 0.28
  • SecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: (937) 524-0080
  • MLS Status: Active Under Contract
  • Carport Y N: Yes
  • Living Area: 2432.0
  • Master Plan Zoning: Multiple
  • Property Sub Type Additional: Multi Family
  • Special Features: UnderContract

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Garage Spaces: 4.0
  • Property Type: Residential Income
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 1

Exterior Features

  • Waterfront: No
  • Construction Type: Brick
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Attached Garage: Yes
  • Parking Features: Carport, Detached, Four or more Spaces, Garage, Storage

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • HeatingYN: Yes

Schools

  • Junior High Dist: Kettering

Lot Info

  • Lot Dimensions: .28 Acres
  • Lot Size Sq Ft: 12197.0
  • Parcel Number: N64-02811-0020
  • Zoning Description: Multiple

Rental Info

  • Tenant Pays: Electricity, Gas, Heat

Multi Family

  • Annual Gross Income: 31740.0
  • Property Net Operating Income: 16240.0
  • Number Of Units Total: 4

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax 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.

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 $7,692 $78,400 $13,020 $65,380
2024 $7,563 $78,400 $13,020 $65,380
2023 $7,563 $78,400 $13,020 $65,380
2022 $6,577 $63,220 $10,500 $52,720
2021 $6,290 $63,220 $10,500 $52,720
2020 $6,313 $63,220 $10,500 $52,720
2019 $6,820 $64,230 $10,500 $53,730
2018 $6,904 $64,230 $10,500 $53,730
2017 $6,551 $64,230 $10,500 $53,730
2016 $3,529 $34,770 $10,500 $24,270
2015 $3,416 $34,770 $10,500 $24,270
2014 $3,416 $34,770 $10,500 $24,270
2012 -- $38,490 $8,820 $29,670
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
04/01/2026 04/01/26 For Sale $399,900 -- $164 / Sq Ft
Source: Dayton REALTORS®

Purchase 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 Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Survivorship Deed $200,000 --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Closed $210,000 New Conventional
Closed $150,356 No Value Available
Closed $160,000 Commercial
Source: Public Records

Source: Dayton REALTORS®

MLS Number: 955404

Dayton REALTORS®
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