$188,500
$81K PRICE DROP

Estimated payment $1,097/month

Total Views 5,357
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Now offered at $188,500 recently appraised at $197,000 in November. Welcome to 40 S Mathison St, a true hidden gem featuring a fully remodeled duplex inside and out w/ modern upgrades and strong income potential. Each spacious 3-bedroom, 1-bath unit offers updated kitchens with sleek finishes, brand-new stainless steel appliances including refrigerators and dishwashers, and in-unit washer/dryer hookups. Extensive interior and exterior renovations have already been completed, making this a true turn-key opportunity. Located in an area w/ solid rental demand, projected market rents for comparable 3-bedroom units range approximately $1,300-$1,500 per unit. Ideal for investors seeking a low-maintenance addition or owner-occupants, including FHA and 1st time homebuyers, looking to offset their mortgage with rental income. Title work has already been started, and the seller is offering a $500 title credit w/use of the preferred title company. Move-in ready and positioned for immediate value.

Listing Agent

Briana Weathers

eXp Realty License #2019004728 Listed on: 09/16/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,340

Year Built

  • Built in 1904

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Home Design

  • Block Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,340

Year Built

Built in 1904

Lot Details

0

Parking

2

Listing Details

  • Suburb: Montgomery Co.
  • Broker Approved: Yes
  • Cooling: Central Air
  • Heating: Forced Air
  • Suburb S I C: Montgomery Co.
  • Year Built: 1904
  • Directions: W 3rd St to S Broadway St, left on Germantown St, right on S Mathison St. Property on left.
  • Lot Measurement: Acres
  • Status: Active
  • Total Units: 2
  • Property Subtype 1: Multi Fam 2-4 units
  • Occupancy: At Closing
  • ADU Y/N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Property Type: Residential Income
  • Reciprocal Listing: No
  • Semi Annual Taxes: $670
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Available for Lease: No
  • Street Number Modifier: 42
  • Windows: Aluminum

Exterior Features

  • Roof: Shingle
  • Construction: Aluminum Siding
  • Foundation: Block
  • Listing Price: 188500.00
  • New Construction: No

Garage/Parking

  • Garage: None
  • Garage Spaces: 2.00
  • Parking Spaces: 2
  • Parking: Driveway

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Taxes: 1340

Schools

  • District: Dayton City SD

Rental Info

  • Sub Lease: No

Multi Family

  • Total Buildings: 1

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
12/31/2025 12/31/25 Price Changed $188,500 -3.3% --
12/04/2025 12/04/25 For Sale $195,000 0.0% --
10/14/2025 10/14/25 Pending -- -- --
10/07/2025 10/07/25 Price Changed $195,000 -11.4% --
09/29/2025 09/29/25 Price Changed $220,000 -18.2% --
09/16/2025 09/16/25 For Sale $269,000 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1855348

MLS of Greater Cincinnati (CincyMLS)