$3,750,000

Estimated payment $22,637/month

-- Bed
-- Bath
28,032 Sq Ft
$134 Price per Sq Ft

Highlights

  • No HOA
  • Coin Laundry
  • Heating Available

About This Home

Well-maintained 48-unit multifamily community in Middletown, Ohio, featuring 48 spacious one-bedroom, one-bath apartments, each with a living room, dining area, and kitchen. This income-producing asset offers desirable tenant amenities, including an on-site leasing office, laundry facility, and dog park. Recent capital improvements include a new roof installed in 2022 and all new electrical service completed in 2023. Select units have also been updated with new hot water heaters, flooring, countertops, and other interior finishes. Rents continue to trend upward as units turn over, providing a clear path for continued revenue growth. The property also benefits from an on-site maintenance employee, with those expenses already incorporated into the current NOI. Located between Dayton and Cincinnati, this property presents an excellent investment opportunity with stable cash flow and additional upside potential through continued unit upgrades and operational efficiencies.

Listing Agent

Amy Hamilton

Keller Williams Community Part License #2014001133 Listed on: 05/01/2026

Keller Williams Community Part

Co-Listing Agent

Ryan Riddell

Keller Williams Community Part License #0000418176

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $33,056

Year Built

  • Built in 1981

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 28,032 Sq Ft Home
  • 3-Story Property
  • Sliding Windows

Home Security

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available

Community Details

Building Details

  • Insurance Expense $39,501
  • Other Expense $61,297
  • Water Sewer Expense $14,511
  • Net Operating Income $305,054

Additional Features

  • No Home Owners Association
  • Coin Laundry
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$33,056

Year Built

Built in 1981

Lot Details

0 Sq Ft Lot

Listing Details

  • Suburb: Middletown South
  • Broker Approved: Yes
  • Extras: BBQ Grill
  • Miscellaneous: Coin Laundry, Smoke Alarm
  • Cooling: Wall Unit
  • Heating: Electric
  • Suburb S I C: Middletown South
  • Zoning: Residential,Multi Family
  • Year Built: 1981
  • Appliance Include: Refrigerator, Range
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Separate Air Cond: Yes
  • Directions: 75 to Middletown exit - Roosevelt Blvd. To right on Jackson Lane.
  • Lot Measurement: Acres
  • Status: Active
  • Total Units: 48
  • Property Subtype 1: Apartment
  • Occupancy: Negotiable
  • ADU Y/N: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 305054.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Gasand Electric: 4688.00
  • Heat Paid: Tenant
  • Reciprocal Listing: No
  • Semi Annual Taxes: $16528
  • Waste Removal: 6533.00
  • Water Paid: Owner
  • Basement: None
  • Levels: Three+
  • Zero Selling Price: No
  • Fireplace: None
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 28032.00
  • Windows: Slider
  • One Bedroom Number of Units: 48
  • Two Bedroom Sq Ft: 600

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 3750000.00
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking: Lot

Utilities

  • Gas: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Separate Gas/Elec: Yes
  • Water and Sewer: 14511.00

Condo/Co-op/Association

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

Fee Information

  • Taxes: 33056

Schools

  • District: Middletown City SD

Rental Info

  • Sub Lease: No

Multi Family

  • Other Expense: 61297.00
  • Total Buildings: 2
  • Insurance: 39501.00

Map

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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
05/01/2026 05/01/26 For Sale $3,750,000 -- $134 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

About the Listing Agent

Amy Hamilton

Keller Williams Community Part

(513) 438-8790

Section Image

Amy Hamilton is a professional licensed real estate salesperson in the Southwest Ohio area and is known for providing exceptional customer service and operating with utmost integrity. With over 10 years of real estate experience, Amy makes each transaction as smooth and stress-free as possible for her clients.

Amy began her selling career in business-to-business sales in 1994, and in 2014 joined Keller Williams Community Partners, where she has been able to provide numerous clients with

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Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1877557

MLS of Greater Cincinnati (CincyMLS)
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