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14-Unit Apartment Building
For Sale
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1501 Riverside Dr, Dayton, OH 45405

Recent building-system upgrades are complete, with interiors remaining for finishing and lease-up.

Property SizeContact for details
Days on Market142

Property Features for 1501 Riverside Dr

General Information

Standard status Active
Net Rentable 7,848 SF
Property subtype Multifamily

Units

Unit Mix 8 x 1BR, 6 x 2BR
Multifamily Units 14
Listing Agency: Marcus & Millichap - Cincinnati
Listed By: Austin Hall · License #SAL.2022005913
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 29 at 8:39PM

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.

This 14-unit apartment property contains eight one-bedroom residences and six two-bedroom residences across 7,848 rentable square feet. The building has received substantial recent work to its core systems and exterior, including plumbing, electrical, HVAC, windows, and roofing. Interior completion remains part of the property’s current scope, followed by lease-up.

Located at 1501 Riverside Dr in Dayton, Ohio, the property sits within the Riverdale submarket near downtown Dayton. The asset is also within a Community Reinvestment Area, where completion may qualify it for a 15-year tax abatement. Unit mix, completed building-system work, and remaining interior scope define the property’s redevelopment profile.

Key Highlights

  • 14‑unit apartment property with eight one‑bedroom and six two‑bedroom units
  • 7,848 rentable square feet
  • New plumbing, electric, HVAC systems, windows, and roofing completed in the past year

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Hair Salon Spa & Massage Center

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

14
Residential units

Location Intelligence

Trade Area within ½ mile

377
Businesses Nearby

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

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 - Recent building-system upgrades are complete, with interiors remaining for finishing and lease-up.
Where is this apartment building located?
The property is located at 1501 Riverside Dr Dayton, OH.
What are key features of this property?
This property features: 14‑unit apartment property with eight one‑bedroom and six two‑bedroom units; 7,848 rentable square feet; New plumbing, electric, HVAC systems, windows, and roofing completed in the past year
More about this property
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