4-Unit Brick Apartment
For Sale
$249,900
149 Edison St, Dayton, OH 45402
Individual electric and gas meters allow each residence to be separately metered for those utilities.
Property Size1,445 SF
Price / SF$172.94
Days on Market13
Property Features for 149 Edison St
General Information
Standard status
Active
Size
1,445 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Building Details
Buildings
1
Listing Agency:
Red 1 Realty
(937) 689-6134
Listed By:
Rion Freeman
(937) 469-7552
Source:
Exprealty
Added: Oct 5
Changed: Oct 17
Last Checked: Oct 16 at 2:06PM
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 Red 1 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-residence brick apartment property in Dayton, Ohio, sits on a slab foundation. Recent interior work includes updated paint and flooring, with stainless steel appliances in the units. The building also has a recently installed roof, newer windows, and newer water heaters.
Separate electric and gas meters serve each unit, supporting separate utility billing. The property is located at 149 Edison St.
Separate electric and gas meters serve each unit, supporting separate utility billing. The property is located at 149 Edison St.
Key Highlights
- Four apartment units in a brick building
- Separate electric and gas meters for each unit
- New roof, newer windows, and newer water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,483
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,660
$309.7K
Cap Rate 7%
$221,186
$221.2K
Cap Rate 9%
$172,033
$172.0K
Market Conditions
NOI Build-Up for 1,445 SF
Gross rent
$23.4K $16.20/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$22.1K $15.31/SF
− OpEx
−$6.6K −$4.59/SF
NOI
$15.5K $10.72/SF
Area
Dayton, OH
Vacancy
5.51%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,660
Cap Rate 7%
$221,186
Cap Rate 9%
$172,033
Alternative Uses
Best Use
Multifamily LT 5
$221.2K
$193.5K – $258.1K
NOI $15,483 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$202.8K
$177.4K – $236.6K
NOI $14,194 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$308.0K
$269.5K – $359.3K
NOI $21,557 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 45402, OH
10,735
Population
6,484
Households
1.7
Avg Household Size
37
Median Age
30%
College-Educated
88%
High-School Grad
4.4 sq mi
ZIP Area
2,440
Density / Sq Mi
$45,386
Median Household Income
$40,396
Median Earnings
$921
Median Rent
$105,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Individual electric and gas meters allow each residence to be separately metered for those utilities.
Where is this quadplex located?
The property is located at 149 Edison St Dayton, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Four apartment units in a brick building; Separate electric and gas meters for each unit; New roof, newer windows, and newer water heaters
