Multifamily Property for Sale in Middletown, OH

  • Price: $3.8M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Middletown, OH 45044
  • Size: 28,032 SF
  • Year built: 1981

Description

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. Rents are currently below market rate. Building SF: 28032 | Year Built: 1981 | Listing Type: FOR SALE

Market Context

This multifamily in Middletown, OH is listed for sale at $3,750,000 across 28,032 SF. It is offered at an approximate 7.3% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1981. It has been on the market for 23 days. Compare it against other multifamily listings for sale in Middletown, OH — <a href="/search/sale/multifamily/ohio/middletown">view the full market</a>.

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