$840,000
SOLD JUL 29, 2025

1616 Belvo Rd Miamisburg, OH 45342

-- Bed
-- Bath
7,680 Sq Ft
0.8 Acres

Recently Sold

$109 Per Sq Ft

2% Below List Price

7 Days on Market

Highlights

  • City View
  • No HOA
  • Central Air
  • 0.8 Acre Lot
  • Patio

About This Home

As of July 2025

8-Unit Value-Add Portfolio. Side-by-Side TWO 4-Unit Buildings. Miamisburg, OH Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio$860,000 total ($430,000 per building). Seller will not sell individually. Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant. Investment Highlights: 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month) Below-market rents with strong upside Well-maintained asset with functional layouts On-site parking | Asphalt lots resurfaced 2022

Last Agent to Sell the Property

Tushar Mehta

BHHS Professional Realty License #2019002846 Listed on: 06/16/2025

BHHS Professional Realty

Last Buyer's Agent

Non Member

NonMember Firm

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,846

Year Built

  • Built in 1987

Lot Details

  • 0.8 Acre Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 7,680 Sq Ft Home
  • 2-Story Property
  • Double Hung Windows
  • City Views

Parking

  • 20 Open Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Central Air
  • Heating System Uses Gas
  • Separate Meters

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $3,000
  • Maintenance Expense $1,050
  • Other Expense $5,500
  • Water Sewer Expense $9,703
  • Gross Income $120,103
  • Net Operating Income $72,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,846

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Suburb: Montgomery Co.
  • Broker Approved: Yes
  • Miscellaneous: Individual Laundry
  • Census Tract Realist: 505.03
  • Cooling: Central Air
  • Heating: Gas
  • Lot Area Realist: 34848.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Montgomery Co.
  • Annual Assessment Amount: $86.56
  • Price Per Acre: 1050000.00
  • Zoning: Residential,Multi Family
  • Year Built: 1987
  • Appliance Include: Dishwasher, Range, Fridge
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Separate Air Cond: Yes
  • Directions: From Maue (Lyons Road), left on S. Gebhart Church Road, Right on Belvo Road.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 8
  • Property Subtype 1: Multi Fam 2-4 units
  • Occupancy: Tenant Right
  • Other Expense1: 5500.00
  • ADU Y/N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 72980.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Heat Paid: Tenant
  • Other Tax Parcel I D: K46-01313-0001 and K46-01313-0002
  • Reciprocal Listing: No
  • Semi Annual Taxes: $6923
  • Water Paid: Owner
  • Basement: None
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 7680.00
  • Street Number Modifier: 1616
  • Windows: Double Hung
  • Two Bedroom Rent: 1150.00
  • Two Bedroom Sq Ft: 960
  • Two Bedroom Units: 8

Exterior Features

  • View: City
  • Roof: Shingle
  • Construction: Vinyl Siding
  • Outside Features: Patio, Wood Fence, Yard Lights
  • Foundation: Slab
  • Listing Price: 860000.00
  • Acres: 0.8000
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking Spaces: 20
  • Parking: Asphalt, Lights, Lot, Off Street, Onstreet

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Separate Gas/Elec: Yes
  • Water and Sewer: 9703.00

Condo/Co-op/Association

  • HOA Yes/No: No
  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 1050.00

Fee Information

  • Taxes: 13846

Schools

  • District: Miamisburg City SD

Lot Info

  • Lot Size Sq Ft: 34848.00

Rental Info

  • Sub Lease: No

Multi Family

  • Gross Income: 120103.00
  • Other Expense: 5500.00
  • Total Buildings: 2
  • Insurance: 3000.00

Range of Values:

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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 Change Sq Ft Price
07/29/2025 07/29/25 Sold $840,000 -2.3% $109 / Sq Ft
06/23/2025 06/23/25 Pending -- -- --
06/16/2025 06/16/25 For Sale $860,000 -- $112 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Tushar Mehta

    BHHS Professional Realty

    Section Image

  • N

    Buyer's Agent in 2025

    Non Member

    NonMember Firm

    153 in this area

    6,660 Total Sales

    Non Member
    Section Image
See All Agents

Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1844765

MLS of Greater Cincinnati (CincyMLS)
Ohio Montgomery County Miamisburg 45342

1616 Belvo Rd, Miamisburg, OH

This home is located at 1616 Belvo Rd, Miamisburg, OH 45342 and is currently priced at $840,000, approximately $109 per square foot. This property was built in 1987. 1616 Belvo Rd is a home located in Montgomery County with nearby schools including Miamisburg High School and Bethel Baptist School.

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