Four-Unit Apartment
For Sale
$300,000
1315 Chardon Ct, Dayton, OH 45403
One-bedroom residences feature kitchens, dining areas, and washer/dryer hookups.
Property Size2,800 SF
Price / SF$107.14
Days on Market63
Property Features for 1315 Chardon Ct
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
washer/dryer hookups
off-street parking
Listing Agency:
Keller Williams Advisors Rlty
(937) 270-7656
Listed By:
Aundrey Carter
(937) 270-7656
Source:
Exprealty
Added: Jun 11
Changed: Aug 10
Last Checked: Aug 11 at 11:49AM
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 Keller Williams Advisors Rlty
Investment Insights
Based on property information with market context.
This 2,800-square-foot quadplex contains four one-bedroom, one-bath apartments. Each residence includes a kitchen, dining area, and washer/dryer hookups. The property also provides off-street parking, while tenants are responsible for their own heat and electric service.
Located in Dayton, the property offers access to downtown, shopping, dining, and major highways. The unit configuration and included residential features support a straightforward multifamily layout within a four-unit building.
Located in Dayton, the property offers access to downtown, shopping, dining, and major highways. The unit configuration and included residential features support a straightforward multifamily layout within a four-unit building.
Key Highlights
- Four 1‑bedroom, 1‑bath apartments in a quadplex configuration
- 2,800 SF multifamily property
- Each unit includes a kitchen, dining area, and washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,505
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$550,100
Cap Rate 7%
$392,929
Cap Rate 9%
$305,611
Alternative Uses
Best Use
Multifamily LT 5
$428.6K
$375.0K – $500.0K
NOI $30,002 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$392.9K
$343.8K – $458.4K
NOI $27,505 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$596.7K
$522.2K – $696.2K
NOI $41,772 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 45403, OH
15,130
Population
7,429
Households
2
Avg Household Size
35
Median Age
11%
College-Educated
76%
High-School Grad
3.1 sq mi
ZIP Area
4,881
Density / Sq Mi
$36,250
Median Household Income
$33,438
Median Earnings
$742
Median Rent
$73,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - One-bedroom residences feature kitchens, dining areas, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 1315 Chardon Ct Dayton, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath apartments in a quadplex configuration; 2,800 SF multifamily property; Each unit includes a kitchen, dining area, and washer/dryer hookups
