23-Unit Apartment
For Sale
$1,405,000
1515 Gummer Ave, Dayton, OH 45403
Multifamily asset with updated building systems and established rental operations across two Dayton addresses.
Property Size17,940 SF
Days on Market21
Property Features for 1515 Gummer Ave
General Information
Standard status
Active
Size
17,940 SF
Property subtype
Multifamily
Additional Details
Gross Income
$218,196
Multifamily Units
23
Amenities
Well-Maintained Asset with Over 30 Years of Ownership
Clear Renovation Value-Add Opportunity with Below-Market Rents and Ability to Drive Income through Interior Upgrades and Operational Improvements
Desirable Unit Mix Featuring One- and Two-Bedroom Layouts, Including Nine Townhome Units with Garages and Individual HVAC Systems, Supporting Strong Tenant Demand
Building Details
Building Size
17,940 SF
Units
23
Listing Agency:
Cincinnati Office
Listed By:
Austin Hall · License #License(s): OH: SAL.2022005913
(513) 878-7712
Source:
Marcusmillichap
Added: Aug 14
Changed: Sep 2
Last Checked: Sep 2 at 1:14PM
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 Cincinnati Office
Investment Insights
Based on property information with market context.
This 23-unit apartment property comprises buildings at 1515 Gummer Ave. and 607 Claremont Ave. The asset includes 11,700 square feet and has newer furnaces and A/C units serving every unit. One building also has a newer roof. One unit at 607 Claremont Ave. is currently down, while the other 22 units are active online and represent the condition shown in the available photos.
The property has a consistent rental history and is situated in Dayton, Ohio. Its two-address configuration, unit-level mechanical updates, and established leasing activity provide a clear operating profile for review. The property is offered for sale as a multifamily asset.
The property has a consistent rental history and is situated in Dayton, Ohio. Its two-address configuration, unit-level mechanical updates, and established leasing activity provide a clear operating profile for review. The property is offered for sale as a multifamily asset.
Key Highlights
- 23‑unit apartment property across 1515 Gummer Ave. and 607 Claremont Ave.
- 11,700 square feet of apartment property
- Newer furnaces and A/C units in every unit
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
385
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily asset with updated building systems and established rental operations across two Dayton addresses.
Where is this apartment building located?
The property is located at 1515 Gummer Ave Dayton, OH.
What is the asking price?
The asking price for this property is $1,405,000.
What are key features of this property?
This property features: 23‑unit apartment property across 1515 Gummer Ave. and 607 Claremont Ave.; 11,700 square feet of apartment property; Newer furnaces and A/C units in every unit
