Multifamily Property with Detached
For Sale
Contact for pricing
137 W Norman Ave, Dayton, OH 45405
As-is multifamily property requiring full rehabilitation, with separate units, basement space, and off-street parking.
Property Size2,456 SF
Price / SF$8.14
Days on Market33
Property Features for 137 W Norman Ave
General Information
Standard status
Active
Size
2,456 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
Needs full rehab
Building Details
Year Built
1923
Listing Agency:
Garden Gate Realty Inc.
(937) 335-2522
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Sep 15
Changed: Oct 16
Last Checked: Oct 16 at 9:05AM
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 Garden Gate Realty Inc.
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Investment Insights
Based on property information with market context.
This 2,456-square-foot multifamily property, built in 1923, is configured with separate units and flexible floorplans. The structure requires full rehabilitation and includes a basement, detached garage, generous yard, and off-street parking. The property is offered as-is, with cash or renovation financing recommended in the source information.
Located at 137 W Norman Ave in Dayton, Ohio, the property is near schools, shopping, and transit. Interior access is available by appointment, while drive-by viewing is permitted.
Located at 137 W Norman Ave in Dayton, Ohio, the property is near schools, shopping, and transit. Interior access is available by appointment, while drive-by viewing is permitted.
Key Highlights
- 2,456‑square‑foot multifamily property built in 1923
- Separate units with flexible floorplans
- Full basement included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,126
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,520
$482.5K
Cap Rate 7%
$344,657
$344.7K
Cap Rate 9%
$268,067
$268.1K
Market Conditions
NOI Build-Up for 2,456 SF
Gross rent
$46.6K $18.96/SF
− Vacancy
−$2.7K −$1.10/SF
EGI
$43.9K $17.86/SF
− OpEx
−$19.7K −$8.04/SF
NOI
$24.1K $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 Rate 5%
$482,520
Cap Rate 7%
$344,657
Cap Rate 9%
$268,067
Alternative Uses
Best Use
Apartment 5plus
$344.7K
$301.6K – $402.1K
NOI $24,126 @ 7.0% cap · market cap 120.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.4K
$458.0K – $610.7K
NOI $36,640 @ 7.0% cap · market cap 183.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - As-is multifamily property requiring full rehabilitation, with separate units, basement space, and off-street parking.
Where is this multifamily property located?
The property is located at 137 W Norman Ave Dayton, OH.
What are key features of this property?
This property features: 2,456‑square‑foot multifamily property built in 1923; Separate units with flexible floorplans; Full basement included
