538 Shoop Avenue Dayton, OH 45402
MULTI_FAMILY - Dayton, OH
- Added:
- Jul 11, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 14 at 10:06 am
Property Features for 538 Shoop Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Basement
- Parking features
- On Street, Garage
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- R72-12209-0020
- Size
- 1,232 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- 50268
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 1
- Building materials
- Frame, VinylSiding
Listing agent John Clark (937) 369-7876
Listing office eXp Realty 70 Birch Alley Ste 240 Bldg B, Dublin, OH (866) 212-4991
Listing date Jul 11, 2026
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.
The listing is located in Montgomery County with convenient access to nearby shopping, restaurants, parks, schools, and major highways.
For buyers seeking a turnkey-ready residential income property, this duplex provides two self-contained units within a single building, supported by the completed system upgrades noted above.
Key Highlights
- Updated duplex with two separate 1‑bedroom, 1‑bath units (538–540 Shoop Ave)
- Major improvements completed: new roof, new plumbing, new electrical system, and new HVAC
- Heating: forced air with natural gas; cooling: central air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.0k | $16.20 |
| − Vacancy | −$1.1k | −$0.89 |
| EGI | $18.9k | $15.31 |
| − OpEx | −$5.7k | −$4.59 |
| NOI | $13.2k | $10.72 |
