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Fairborn Multifamily Investment Opportunity
For Sale
$550,000
Pending

226-230 N Broad Street, Fairborn, OH 45324

MULTI_FAMILY - Fairborn, OH

Property Size7,081 SF
Lot Size0.25 Acres
Days on Market488

Property Features for 226-230 N Broad Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Commercial
Bedrooms 6
Bathrooms 12
Full bathrooms 12
Rooms Bedroom 5, Bathroom 3, Bathroom 7, Bathroom 10, Bedroom 4, Bathroom 8, Bathroom 9, Bathroom 12, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 6, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 11, Bathroom 5, Bathroom 4
Parking features None
Basement Unfinished
Subdivision Fairfield
Elementary school district 2903 Fairborn CSD
Middle school district 2903 Fairborn CSD
High school district 2903 Fairborn CSD
Directions Xenia Dr to right on N Broad Street.
Standard status Pending
APN A02000100030003300
Size 7,081 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2024

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air, Wall Unit(s)

Building Details

Year built 1968
Floors in Building 1
Number of units 12
Building materials Brick
Listing Agency: Roost Real Estate Co.
Listed By: Josh Hufford
Added: Apr 1, 2025 Changed: Jul 28 Last Checked: Aug 1 at 5:06AM
MLS# 1037785

Copyright © 2026 West Metro Board of 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 property features two six-unit buildings with a mix of commercial space, one-bedroom units, efficiencies, and one two-bedroom unit. An on-site laundry room is available. The building at 226 N Broad Street was completely updated in 2019, including new flooring, fixtures, doors, bathrooms, and kitchens. Additional updates include new PEX plumbing, electrical wiring, a tankless hot water tank, and an AC unit. Off-street parking is provided. The property is professionally managed, with only one vacant unit currently being advertised. With full occupancy, the gross monthly rent is $7290. The property is located in Fairborn, OH, and sits on a 0.25-acre lot. The total property size is 7081 square feet. This multifamily property presents a rare investment opportunity.

Key Highlights

  • 2‑unit property featuring (2) six‑unit buildings with a mix of commercial space, one‑bedroom units, efficiencies, and one two‑bedroom unit
  • 226 building completed updates in 2019: new flooring, fixtures, doors, bathrooms, and kitchens across all units
  • 2019 improvements include new PEX plumbing, new electrical wiring, a new tankless hot water tank, and new AC unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Real Estate Agency Parking Lot & Garage Locksmith Computer & Electronic Repair (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

313
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings with commercial space, apartments, and on-site laundry.
Where is this apartment building located?
The property is located at 226-230 N Broad Street Fairborn, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2‑unit property featuring (2) six‑unit buildings with a mix of commercial space, one‑bedroom units, efficiencies, and one two‑bedroom unit; 226 building completed updates in 2019: new flooring, fixtures, doors, bathrooms, and kitchens across all units; 2019 improvements include new PEX plumbing, new electrical wiring, a new tankless hot water tank, and new AC unit
More about this property
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