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4-Unit Brick Quadplex
New
For Sale
$237,900

115 E Norman Avenue, Dayton, OH 45405

ResidentialIncome, Dayton, OH

Property Size4,176 SF
Lot Size0.16 Acres
Price / SF$56.97
Days on Market5

Property Features for 115 E Norman Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multiple
Zoning description Multiple
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Basement, Bedroom 1
Parking features Garage
Interior features CeilingFans
Appliances ElectricWaterHeater
Subdivision City/Dayton Rev
Elementary school district Dayton
Middle school district Dayton
High school district Dayton
Standard status Active
APN R72-06102-0059
Size 4,176 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Description 41222
Legal Description 41222

Utilities

Heating system Baseboard
Water source Public

Building Details

Year built 1950
Floors in Building 2
Number of units 4
Building materials Brick
Listing Agency: RE/MAX Real Estate Specialists · RE/MAX International
Listed By: Philip L Herman · License #0000248397
Added: Oct 6 Changed: Oct 7 Last Checked: Oct 10 at 4:06AM
MLS# 970536

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.

This two-story brick quadplex contains 4,176 square feet across four one-bedroom apartments. Built in 1950, the property sits on a 0.16-acre lot and includes a full basement with glass-block windows. Apartments 3 and 4 have been remodeled, and all four units are leased. Building features include baseboard heating, ceiling fans, an electric water heater, public water, and garage parking. Tenants cover electric service and trash; the owner handles property taxes, water, lawn care, and snow removal.

At 115 E Norman Avenue in Dayton, the property is approximately one mile from I-75 and downtown Dayton. Rear and additional off-street parking are also noted.

Key Highlights

  • Four 1‑bedroom apartments; all units are leased
  • 4,176 square feet in a two‑story brick building
  • 0.16‑acre lot; built in 1950

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Parking Lot & Garage

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

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

266
Businesses Nearby

Demographics for 45405, OH

18,124
Population
11,773
Households
1.5
Avg Household Size
37
Median Age
19%
College-Educated
91%
High-School Grad
4.0 sq mi
ZIP Area
4,531
Density / Sq Mi
$41,901
Median Household Income
$32,263
Median Earnings
$858
Median Rent
$74,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Four occupied one-bedroom apartments provide an established rental configuration in a two-story building.
Where is this quadplex located?
The property is located at 115 E Norman Avenue Dayton, OH.
What is the asking price?
The asking price for this property is $237,900.
What are key features of this property?
This property features: Four 1‑bedroom apartments; all units are leased; 4,176 square feet in a two‑story brick building; 0.16‑acre lot; built in 1950
More about this property
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