Fully Leased Six-Unit Apartment
105 N Maple Avenue Fairborn, OH 45324
For Sale
$565,000
Pending
MULTI_FAMILY - Fairborn, OH
Property Size4,914 SF
Lot Size0.21 Acres
Days on Market48
Property Features for 105 N Maple Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Patio
- Exterior features
- Patio, Balcony
- Standard status
- Pending
- APN
- A02-0001-0009-0-0171-00
- Size
- 4,914 SF
- Lot size
- 0.21 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1970
- Number of units
- 6
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Andrew Gaydosh · License #2001008598
(866) 212-4991
Added: Jun 9
Changed: Jul 13
Last Checked: Jul 26 at 8:06AM
MLS# 1882171
Copyright © 2026 MLS of Greater Cincinnati, Inc. 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 fully leased six-unit apartment building features a well-maintained brick exterior and a configuration of three upper and three lower apartments. Each unit is designed as a two-bedroom, one-bath layout and includes central air plus washer and dryer hookups within the unit. Residents also have private outdoor space, with either a balcony or a patio.
The property offers off-street parking for tenants. As part of the existing setup, tenants pay their own gas and electric, while the owner covers water, sewer, and trash. The site is a small parcel of approximately 0.21 acres.
For investors or owner-operators seeking a turnkey residential income property, this building is presented as fully leased with six consistent unit types. The amenities and tenant-paid utilities structure can help simplify day-to-day operations, while the low-maintenance brick exterior supports long-term property stewardship.
The property offers off-street parking for tenants. As part of the existing setup, tenants pay their own gas and electric, while the owner covers water, sewer, and trash. The site is a small parcel of approximately 0.21 acres.
For investors or owner-operators seeking a turnkey residential income property, this building is presented as fully leased with six consistent unit types. The amenities and tenant-paid utilities structure can help simplify day-to-day operations, while the low-maintenance brick exterior supports long-term property stewardship.
Key Highlights
- Fully leased 6‑unit apartment building with six 2‑bedroom, 1‑bath units (three upper and three lower apartments)
- Brick exterior multi‑family built in 1970 with shingle roof
- Each unit has central air plus washer and dryer hookups
Financial Insights For Apartment 5plus
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 | $79.6k | $16.20 |
| − Vacancy | −$3.5k | −$0.71 |
| EGI | $76.1k | $15.49 |
| − OpEx | −$34.2k | −$6.97 |
| NOI | $41.9k | $8.52 |
4,914 SF · lease $16.20/SF/yr · vacancy 4.40% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained brick multifamily with six 2-bedroom units, central air, and in-unit washer and dryer 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: Fully leased 6‑unit apartment building with six 2‑bedroom, 1‑bath units (three upper and three lower apartments); Brick exterior multi‑family built in 1970 with shingle roof; Each unit has central air plus washer and dryer hookups
