Six-Unit Brick Apartment
For Sale
$565,000
Pending
105 N Maple Avenue, Fairborn, OH 45324
ResidentialIncome, Fairborn, OH
Property Size4,914 SF
Lot Size0.21 Acres
Days on Market82
Property Features for 105 N Maple Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Residential
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 4, Bedroom 6, Bedroom 12, Bathroom 6, Bedroom 11, Bedroom 7, Bathroom 4, Bathroom 5, Bedroom 9, Bedroom 3, Bedroom 10, Bedroom 5, Bedroom 2, Bedroom 1
Parking features
Parking Lot, Garage, On Street
Patio and Porch features
Patio
Interior features
CeilingFans, LaminateCounters
Exterior features
Balcony, Patio
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator, ElectricWaterHeater
Subdivision
Osborn Removal Co Add 01
Elementary school district
Fairborn
Middle school district
Fairborn
High school district
Fairborn
Standard status
Pending
APN
A02-0001-0009-0-0171-00
Size
4,914 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
COR MAPLE ST & XENIA DR LOT 271 COR XENIA DR & MAPLE AV
Legal Description
COR MAPLE ST & XENIA DR LOT 271 COR XENIA DR & MAPLE AV
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
central air
washer/dryer hookups
private outdoor space
off-street parking
Building Details
Year built
1970
Floors in Building
2
Number of units
6
Building materials
Brick
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Andrew Gaydosh · License #2001008598
(937) 305-9570
Added: Jun 9
Changed: Aug 26
Last Checked: Aug 29 at 12:06AM
MLS# 961162
Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,914-square-foot apartment property contains six two-bedroom, one-bath residences, arranged as three upper-level and three lower-level units. Built in 1970, the building has a brick exterior, central air, forced-air natural gas heat, and washer and dryer hookups within each apartment. Individual units include balconies or patios, along with dishwashers, disposals, microwaves, ranges, and refrigerators.
The property sits on 0.2105 acres at 105 N Maple Avenue in Fairborn, Ohio 45324, near downtown Fairborn, Wright-Patterson Air Force Base, Wright State University, and SR 675. Parking options include an on-site lot, garage parking, and on-street spaces. The property is fully leased; residents pay their own gas and electric, while ownership covers water, sewer, and trash.
The property sits on 0.2105 acres at 105 N Maple Avenue in Fairborn, Ohio 45324, near downtown Fairborn, Wright-Patterson Air Force Base, Wright State University, and SR 675. Parking options include an on-site lot, garage parking, and on-street spaces. The property is fully leased; residents pay their own gas and electric, while ownership covers water, sewer, and trash.
Key Highlights
- Six 2‑bedroom, 1‑bath apartments, with three upper and three lower units
- 4,914‑square‑foot building on 0.2105 acres
- Fully leased apartment property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,857
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$837,140
$837.1K
Cap Rate 7%
$597,957
$598.0K
Cap Rate 9%
$465,078
$465.1K
Market Conditions
NOI Build-Up for 4,914 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.6K $16.20/SF
− Vacancy
−$3.5K −$0.71/SF
EGI
$76.1K $15.49/SF
− OpEx
−$34.2K −$6.97/SF
NOI
$41.9K $8.52/SF
Area
Greene County, OH
Vacancy
4.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$837,140
Cap Rate 7%
$597,957
Cap Rate 9%
$465,078
Alternative Uses
Best Use
Apartment 5plus
$598.0K
$523.2K – $697.6K
NOI $41,857 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$924.0K
$808.5K – $1.08M
NOI $64,677 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Explore this area
Business Placement
Demographics for 45324, OH
40,449
Population
19,729
Households
2.1
Avg Household Size
34
Median Age
30%
College-Educated
92%
High-School Grad
33.1 sq mi
ZIP Area
1,222
Density / Sq Mi
$59,861
Median Household Income
$37,348
Median Earnings
$989
Median Rent
$177,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased property with six two-bedroom residences, private outdoor areas, and in-unit laundry hookups.
Where is this apartment building located?
The property is located at 105 N Maple Avenue Fairborn, OH.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Six 2‑bedroom, 1‑bath apartments, with three upper and three lower units; 4,914‑square‑foot building on 0.2105 acres; Fully leased apartment property
