Multifamily Property for Sale in Dayton, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Dayton, OH 45420

Description

Marcus & Millichap is pleased to present Wilmington Apartments, an 84-unit multifamily investment opportunity located at 805–819 Wilmington Avenue in Dayton, Ohio within Montgomery County. The property is comprised of two three-story brick buildings situated across two parcels, offering a well-maintained asset in the Shroyer Park submarket. Constructed in 1962, the property totals approximately 42,000 rentable square feet and features a 100 percent one-bedroom unit mix with efficient layouts. Wilmington Apartments is currently operating at approximately 90 percent occupancy with average effective rents around $809, providing a clear value-add opportunity through interior renovations, lease-up, and the implementation of a RUBS program. The property currently includes all utilities in rent, creating immediate upside through expense recapture and additional income streams such as bulk internet and laundry. The asset benefits from long-term ownership, recent capital improvements, and a highly accessible location adjacent to Kettering and Oakwood, with close proximity to the University of Dayton, Downtown Dayton, and Wright-Patterson Air Force Base, supporting stable renter demand and long-term growth. Investment Highlights: • Well-Maintained Asset with Over 30 Years of Current Ownership • Clear Renovation Value-Add Opportunity with Below-Market Rents and Ability to Drive Income Through Interior Upgrades and Operational Improvements • Located in the Shroyer Park Submarket, Directly Adjacent to Kettering and Oakwood with Strong Renter Demand and Accessibility to Major Employment Hubs

Market Context

This multifamily in Dayton, OH is listed for sale. It has been on the market for 53 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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