2291 Patterson Rd Dayton, OH 45420
Estimated payment $4,401/month
About This Home
Prime Mixed-Use Investment Opportunity in Kettering School District. Discover an exceptional addition to your portfolio with this impressive mixed-use property offering multiple income streams, stable tenancy, and strong financial performance. Ideally located within the Kettering School District, this property sits just minutes from major thoroughfares—including I-35, I-675, Patterson Park, Shroyer Park, Oakwood, Kettering, and Beavercreek—providing unbeatable accessibility and visibility. This versatile asset features four street-level retail storefronts with excellent exposure and steady traffic counts, perfect for a variety of business types. Above, you’ll find two well-maintained residential apartments, each offering two bedrooms and one bathroom—consistently desirable units that attract quality, long-term tenants. In addition, the property includes a spacious warehouse with over 1,000 sq. ft., ideal for storage, operations, or additional income potential. Investors will appreciate the handsome cap rate, positive cash-on-cash return, and strong, stable cash flow generated by this well-performing property. With multiple avenues for value enhancement and diverse tenant types supporting consistent income, this is a rare opportunity to secure a high-performing asset in a thriving, high-demand area. Whether you’re expanding your portfolio or seeking a reliable stand-alone investment, this property delivers flexible utility, strong financials, and long-term stability—an opportunity that shouldn’t be missed.
Property Details
Home Type
- Multi-Family
Year Built
- 1920
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 100x133
Home Design
- Frame Construction
Interior Spaces
- 5,096 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- No Garage
- Parking Lot
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number N64-00406A0002
Community Details
Overview
- 7 Units
- Richman Heights Subdivision
Building Details
- Gross Income $73,200
- Net Operating Income $60,873
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $5,805 | $53,990 | $9,240 | $44,750 |
| 2024 | $5,381 | $53,990 | $9,240 | $44,750 |
| 2023 | $5,381 | $53,990 | $9,240 | $44,750 |
| 2022 | $5,710 | $53,990 | $9,240 | $44,750 |
| 2021 | $5,447 | $53,990 | $9,240 | $44,750 |
| 2020 | $5,485 | $53,990 | $9,240 | $44,750 |
| 2019 | $5,039 | $46,530 | $9,240 | $37,290 |
| 2018 | $5,101 | $46,530 | $9,240 | $37,290 |
| 2017 | $4,846 | $46,530 | $9,240 | $37,290 |
| 2016 | $4,822 | $46,530 | $9,240 | $37,290 |
| 2015 | $4,672 | $46,530 | $9,240 | $37,290 |
| 2014 | $4,672 | $46,530 | $9,240 | $37,290 |
| 2012 | -- | $43,540 | $8,590 | $34,950 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2025 11/18/25 | For Sale | $749,900 | -- | $147 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $230,000 | Fidelity Lawyers Ttl Agcy Ll |
Source: Dayton REALTORS®
MLS Number: 948015
APN: N64-00406A0002
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