Multifamily Property for Sale in Dayton, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Dayton, OH 45403

Description

Marcus & Millichap is pleased to present Williamsburg Place Apartments, a 23-unit multifamily investment opportunity located at 1515 Gummer Avenue and 607 Claremont Avenue in Dayton, Ohio within Montgomery County. The property is comprised of four two-story brick buildings situated across two parcels, offering a well-maintained apartment in the Eastern Hills submarket. Constructed in 1952, the asset totals approximately 17,950 rentable square feet and features a mix of one- and two-bedroom units, including townhome-style floorplans. Williamsburg Place is currently operating at 91% occupancy with an average effective rent of approximately $844, providing a clear value-add opportunity through lease-up and continued rent growth toward projected market levels. The property benefits from individual HVAC systems installed in 2019, off-street and garage parking, and long-term ownership, supporting operational stability and upside potential. The asset is well positioned in the Eastern Hills submarket, with close proximity to the University of Dayton, Wright-Patterson Air Force Base, and major retail corridors, benefiting from stable renter demand, affordability, and ongoing reinvestment in the surrounding area. Investment Highlights: • Well-Maintained Asset with Over 30 Years of Ownership • Clear Renovation Value-Add Opportunity with Below-Market Rents and Ability to Drive Income through Interior Upgrades and Operational Improvements • Desirable Unit Mix Featuring One- and Two-Bedroom Layouts, Including Nine Townhome Units with Garages and Individual HVAC Systems, Supporting Strong Tenant Demand

Market Context

This multifamily in Dayton, OH is listed for sale. It has been on the market for 67 days. Compare it against other multifamily listings for sale in Dayton, OH — <a href="/search/sale/multifamily/ohio/dayton">view the full market</a>.

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