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7-Unit Brick Apartment Building

151 Grove Avenue, Dayton, OH 45404

For Sale
$514,999

ResidentialIncome, Dayton, OH

Property Size12,606 SF
Lot Size0.29 Acres
Price / SF$40.85
Days on Market56

Property Features for 151 Grove Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Zoning description Residential
Bedrooms 3
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Basement, Bathroom 1, Bedroom 2, Bedroom 3
Parking features Garage
Patio and Porch features Porch
Interior features LaminateCounters, Remodeled
Exterior features Fence, Porch
Fencing Fenced
Appliances Range, Refrigerator
Subdivision City/Dayton Rev
Elementary school district Dayton
Middle school district Dayton
High school district Dayton
Standard status Active
APN R72-05209-0026
Size 12,606 SF
Lot size 0.29 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description 17753-54-55 52-9-28,52-9-27
Legal Description 17753-54-55 52-9-28,52-9-27

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1900
Floors in Building 2
Number of units 7
Building materials Brick
Buildings 1
Listing Agency: RE/MAX Real Estate Specialists · RE/MAX International
Listed By: Philip L Herman · License OH #0000248397
Added: Sep 16 Changed: Nov 10 Last Checked: Nov 10 at 5:06PM
MLS# 969165

Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 12,606-square-foot, two-story brick apartment property contains seven townhouse-style residences, each configured with three bedrooms and one bath. Every unit has its own exterior entry. More than half of the apartments have undergone remodeling in recent years. A full unfinished walkout basement provides storage space and connects to the rear yard and parking. The property also has a porch, fenced grounds, a garage, and additional off-street parking.

Built in 1900 on a 0.29-acre parcel, the building is zoned Residential. Tenants pay electric and gas; the owner covers water, sewer, and trash. Monthly rents range from $925 to $1,075, and stated gross rental income is $6,875 per month. The property is in Dayton, Ohio, near downtown Dayton and Dayton Children’s Hospital.

Key Highlights

  • Seven three‑bedroom, one‑bath townhouse apartments, each with a private exterior entry
  • 12,606 square feet on a 0.29‑acre parcel
  • Two‑story brick construction; built in 1900

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

821
Businesses Nearby

Demographics for 45404, OH

10,730
Population
4,846
Households
2.2
Avg Household Size
35
Median Age
9%
College-Educated
84%
High-School Grad
7.6 sq mi
ZIP Area
1,412
Density / Sq Mi
$35,286
Median Household Income
$22,529
Median Earnings
$871
Median Rent
$82,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three-bedroom townhouse layouts give each residence a separate exterior entrance.
Where is this apartment building located?
The property is located at 151 Grove Avenue Dayton, OH.
What is the asking price?
The asking price for this property is $514,999.
What are key features of this property?
This property features: Seven three‑bedroom, one‑bath townhouse apartments, each with a private exterior entry; 12,606 square feet on a 0.29‑acre parcel; Two‑story brick construction; built in 1900
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