Multifamily
1116-1118 Lexington Ave, Dayton, OH 45402
For Sale
New
Contact for pricing
A court-ordered sale is scheduled to conclude through an online auction on November 18, 2026.
Property Size2,800 SF
Price / SF$7.75
Days on Market3
Property Features for 1116-1118 Lexington Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Red 1 Realty
(937) 469-7552
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Nov 12
Last Checked: Nov 12 at 2:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red 1 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 1116-1118 Lexington Ave in Dayton was built in 1925. The sale is court ordered, with bidding scheduled to end on November 18, 2026.
Key Highlights
- Built in 1925
- Court‑ordered sale with auction ending November 18, 2026
- Located at 1116‑1118 Lexington Ave, Dayton, OH 45402
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,505
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,100
$550.1K
Cap Rate 7%
$392,929
$392.9K
Cap Rate 9%
$305,611
$305.6K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$53.1K $18.96/SF
− Vacancy
−$3.1K −$1.10/SF
EGI
$50.0K $17.86/SF
− OpEx
−$22.5K −$8.04/SF
NOI
$27.5K $9.82/SF
Area
Dayton, OH
Vacancy
5.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,100
Cap Rate 7%
$392,929
Cap Rate 9%
$305,611
Alternative Uses
Best Use
Apartment 5plus
$392.9K
$343.8K – $458.4K
NOI $27,505 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$596.7K
$522.2K – $696.2K
NOI $41,772 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Explore this area
Business Placement
Demographics for 45402, OH
10,735
Population
6,484
Households
1.7
Avg Household Size
37
Median Age
30%
College-Educated
88%
High-School Grad
4.4 sq mi
ZIP Area
2,440
Density / Sq Mi
$45,386
Median Household Income
$40,396
Median Earnings
$921
Median Rent
$105,900
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Dayton, OH
Properties on Market for Multifamily properties in Dayton
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - A court-ordered sale is scheduled to conclude through an online auction on November 18, 2026.
Where is this multifamily property located?
The property is located at 1116-1118 Lexington Ave Dayton, OH.
What are key features of this property?
This property features: Built in 1925; Court‑ordered sale with auction ending November 18, 2026; Located at 1116‑1118 Lexington Ave, Dayton, OH 45402
