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30-Unit Apartment Building
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905 Neal Ave, Dayton, OH 45406

Dayton multifamily property with a diversified unit mix and 97% occupancy.

Property SizeContact for details
Lot Size0.64 Acres
Days on Market144

Property Features for 905 Neal Ave

General Information

Standard status Active
Net Rentable 26,100 SF
Lot size 0.64 Acres
Property subtype Multifamily
Occupancy 97%

Units

Unit Mix 9 x 1BR/1BA, 18 x 2BR/1BA, 3 x 3BR/1BA
Multifamily Units 30
Listing Agency: Marcus & Millichap - Cincinnati
Listed By: Austin Hall · License #SAL.2022005913
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 6:18PM

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.

905 Neal Apartments is a 30-unit multifamily property at 905 Neal Ave in Dayton, Ohio. The 26,100-square-foot community includes nine one-bedroom, one-bathroom apartments; eighteen two-bedroom, one-bathroom apartments; and three three-bedroom, one-bathroom apartments. The property occupies 0.64 acres and is currently 97% occupied.

The asset is located in Dayton’s Five Oaks submarket. An existing renovation plan is in place, and the property has assumable Freddie Mac debt carrying a 4.67% interest rate with 9 years remaining.

Key Highlights

  • 30‑unit apartment property at 905 Neal Ave, Dayton, OH 45406
  • Unit mix includes 9 one‑bedroom, 18 two‑bedroom, and 3 three‑bedroom apartments
  • 26,100 rentable square feet on 0.64 acres

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Restaurant Spa & Massage Center Real Estate Agency Nail Salon Electrical Service

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

30
Residential units
97%
Occupancy

Location Intelligence

Trade Area within ½ mile

712
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 - Dayton multifamily property with a diversified unit mix and 97% occupancy.
Where is this apartment building located?
The property is located at 905 Neal Ave Dayton, OH.
What are key features of this property?
This property features: 30‑unit apartment property at 905 Neal Ave, Dayton, OH 45406; Unit mix includes 9 one‑bedroom, 18 two‑bedroom, and 3 three‑bedroom apartments; 26,100 rentable square feet on 0.64 acres
More about this property
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