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Salem Crown Apartment Building
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1120 Salem Avenue, Dayton, OH 45406

Renovated interiors, individual HVAC systems, laundry facilities and surface parking support the property's residential configuration.

Property SizeContact for details
Days on Market4

Property Features for 1120 Salem Avenue

General Information

Standard status Active
Property subtype Multifamily
Occupancy 96%

Units

Unit Mix 26 x 1BR, 1 x studio
Multifamily Units 27

Additional Details

Average Monthly Rent $746

Amenities

on-site laundry

Building Details

Year Built 1969
Year Renovated 2025
Stories 3
Construction brick
Listing Agency: Marcus & Millichap - Cincinnati
Listed By: Austin Hall · License #SAL.2022005913
Source: Crexi
Added: Sep 24 Changed: Sep 26 Last Checked: Sep 26 at 2:34PM

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 Marcus & Millichap - Cincinnati

Investment Insights

Based on property information with market context.

Salem Crown is a three-story brick apartment property built in 1969, with 27 units: 26 one-bedroom apartments averaging approximately 650 square feet and one studio. Apartment renovations completed from 2018 through 2025 included new flooring, cabinetry, countertops, appliances with dishwashers and bathrooms. The capital work also covered the roof, windows, HVAC systems, corridors, unit doors, lighting, mailboxes and laundry room. Copper and PVC plumbing serve the building, and each apartment has its own HVAC system. Residents pay their electric costs, including heating and cooling. On-site laundry and surface parking are provided.

As of August 2026, 26 of 27 apartments were occupied, representing 96.3% occupancy. The property is within one mile of Kettering Health Dayton and about ten minutes from the University of Dayton. Three major hospital systems are within fifteen minutes, while Wright-Patterson Air Force Base is within twenty minutes.

Key Highlights

  • 27 apartments: 26 one‑bedroom units averaging approximately 650 square feet, plus one studio
  • Three‑story brick building constructed in 1969
  • 26 of 27 units occupied (96.3%) as of August 2026

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Spa & Massage Center Hair Salon

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

27
Residential units
96.3%
Occupancy

Location Intelligence

Trade Area within ½ mile

372
Businesses Nearby

Demographics for 45406, OH

20,622
Population
10,695
Households
1.9
Avg Household Size
39
Median Age
21%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
4,124
Density / Sq Mi
$43,241
Median Household Income
$35,344
Median Earnings
$879
Median Rent
$82,300
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 - Renovated interiors, individual HVAC systems, laundry facilities and surface parking support the property's residential configuration.
Where is this apartment building located?
The property is located at 1120 Salem Avenue Dayton, OH.
What are key features of this property?
This property features: 27 apartments: 26 one‑bedroom units averaging approximately 650 square feet, plus one studio; Three‑story brick building constructed in 1969; 26 of 27 units occupied (96.3%) as of August 2026
More about this property
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