Five-Unit Apartment
For Sale
$485,000
1830 Roslyn Avenue, Kettering, OH 45429
ResidentialIncome, Kettering, OH
Property Size4,377 SF
Lot Size0.39 Acres
Price / SF$110.81
Days on Market130
Property Features for 1830 Roslyn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Residential
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bedroom 5, Bathroom 6, Basement, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 6
Parking features
Parking Lot
Exterior features
Fence
Fencing
Fenced
Appliances
Range, Refrigerator
Subdivision
Oakdale
Elementary school district
Kettering
Middle school district
Kettering
High school district
Kettering
Standard status
Active
APN
N64-01902-0091
Size
4,377 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Description
138 OAKDALE
Legal Description
138 OAKDALE
Utilities
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1937
Floors in Building
1
Number of units
5
Building materials
AluminumSiding, VinylSiding
Listing Agency:
Keller Williams Community Part · Keller Williams Realty
(937) 530-4904
Listed By:
Ryan Gillen
(937) 673-0830
Added: May 5
Changed: Sep 9
Last Checked: Sep 11 at 4:06AM
MLS# 958431
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 4,377-square-foot residential income property contains five leased units on a 0.39-acre parcel. The unit mix includes a two-bedroom single-family home at the front of the property and four one-bedroom, one-bath units. Improvements date to 1937 and include aluminum and vinyl siding, fenced grounds, a parking lot, natural gas heat, window-unit cooling, public water, ranges, and refrigerators.
The property is located in Kettering near shopping, dining, and other major conveniences. Occupancy is currently 100%. Tenants pay their own electric and gas service, while water and trash are billed back monthly. The existing configuration combines a detached-home component with additional residential units in one multifamily asset.
The property is located in Kettering near shopping, dining, and other major conveniences. Occupancy is currently 100%. Tenants pay their own electric and gas service, while water and trash are billed back monthly. The existing configuration combines a detached-home component with additional residential units in one multifamily asset.
Key Highlights
- Five‑unit property with a two‑bedroom home and four one‑bedroom, one‑bath units
- All units currently leased; occupancy is 100%
- 4,377 square feet on a 0.39‑acre parcel
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
$37,283
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
7.69%
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%
$745,660
$745.7K
Cap Rate 7%
$532,614
$532.6K
Cap Rate 9%
$414,256
$414.3K
Market Conditions
NOI Build-Up for 4,377 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
$70.9K $16.20/SF
− Vacancy
−$3.1K −$0.71/SF
EGI
$67.8K $15.49/SF
− OpEx
−$30.5K −$6.97/SF
NOI
$37.3K $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%
$745,660
Cap Rate 7%
$532,614
Cap Rate 9%
$414,256
Alternative Uses
Best Use
Apartment 5plus
$532.6K
$466.0K – $621.4K
NOI $37,283 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$823.0K
$720.1K – $960.2K
NOI $57,610 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 45429, OH
26,514
Population
12,806
Households
2.1
Avg Household Size
45
Median Age
48%
College-Educated
97%
High-School Grad
9.9 sq mi
ZIP Area
2,678
Density / Sq Mi
$77,291
Median Household Income
$44,920
Median Earnings
$1,007
Median Rent
$221,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 occupied residential income property with a two-bedroom home, four additional units, utility reimbursements, and on-site parking.
Where is this apartment building located?
The property is located at 1830 Roslyn Avenue Kettering, OH.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Five‑unit property with a two‑bedroom home and four one‑bedroom, one‑bath units; All units currently leased; occupancy is 100%; 4,377 square feet on a 0.39‑acre parcel
