$400,000
$15K PRICE DROP

490 N Jay St West Milton, OH 45383

Estimated payment $2,217/month

Total Views 7,760
-- Bed
-- Bath
1,854 Sq Ft
$216 Price per Sq Ft

About This Home

This low-maintenance, income-generating 4-unit building features four spacious 2-bedroom apartments, each with in-unit washer/dryer hookups. Currently fully occupied with mostly long-term tenants, the property's yearly net operating income is 33,360 Tenants are responsible for all utilities except trash.The building had a recent a full roof tear-off and replacement, along with newer gutters installed on the rear side. A new concrete parking pad was poured in 2022. Property is being sold in as-is condition—an excellent opportunity for investors looking to add a solid asset to their portfolio.

Listing Agent

Andrew Wade

Roby Realty License #2016002338 Listed on: 07/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,378

Year Built

  • Built in 1963

Lot Details

  • 0.38 Acre Lot

Home Design

  • 1,854 Sq Ft Home

Listing and Financial Details

  • Assessor Parcel Number L39011640

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $5,940
  • Gross Income $39,300
  • Net Operating Income $33,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,378

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1963
  • Tax Year: 2024
  • Property Sub-Type: Townhouse
  • Lot Size Acres: 0.38
  • Total Gross Income: 39300.0
  • Co List Office Phone: 614-791-0050
  • MLS Status: Active
  • Location Property Info List PriceSqFt: 215.75
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 39300.0
  • Annual Expenses: 5940.0
  • General Property Info Building Sq Ft: 1854.0
  • Remarks Misc Property Description3: This low-maintenance, income-generating 4-unit building features four spacious 2-bedroom apartments, each with in-unit washer/dryer hookups. Currently fully occupied with mostly long-term tenants, the property's yearly net operating income is 33,360 Tenants are responsible for all utilities except trash.The building had a recent a full roof tear-off and replacement, along with newer gutters installed on the rear side. A new concrete parking pad was poured in 2022. Property is being sold in as-is condition—an excellent opportunity for investors looking to add a solid asset to their portfolio.
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Junior High Dist: MILTON UNION EVSD 5505 MIA CO.

Lot Info

  • Parcel Number: L39011640
  • Lot Size Sq Ft: 16552.8

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 33360.08
  • Annual Operating Expense: 5940.0

Tax Info

  • Tax Annual Amount: 1378.0

Map

Range of Values:

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Value Increase
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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 Prior Sale
10/23/2025 10/23/25 Price Changed $400,000 -3.6% $216 / Sq Ft
07/13/2025 07/13/25 For Sale $415,000 +82.8% $224 / Sq Ft
05/18/2023 05/18/23 Sold $227,000 +26.1% $122 / Sq Ft View Prior Sale
05/02/2023 05/02/23 Pending -- -- --
04/30/2023 04/30/23 For Sale $180,000 -- $97 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225025857

Columbus and Central Ohio Regional MLS

APN: L39-011640

Ohio Miami County West Milton 45383

490 N Jay St, West Milton, OH

For Sale

MultiFamily

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Listing Agent
Andrew Wade
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Roby Realty
(326) 888-1305