4-Unit Quadplex with
1511 Willamet Road, Kettering, OH 45429
For Sale
$335,000
Pending
ResidentialIncome, Kettering, OH
Property Size2,432 SF
Lot Size0.28 Acres
Days on Market48
Property Features for 1511 Willamet Road
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Spencer Marshall · License OH #2020005065
(937) 516-3611
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 10 at 4:06AM
MLS# 969675
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.
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Investment Insights
Based on property information with market context.
This 4-unit quadplex contains 2,432 square feet on a 0.28-acre parcel. Two units were updated within the last 2 years. The building dates to 1964 and has brick and frame construction, forced-air natural gas heating, and wall-unit cooling.
A rear 4-car carport and additional off-street parking serve the property. Lease arrangements include both 1-year and month-to-month terms.
A rear 4-car carport and additional off-street parking serve the property. Lease arrangements include both 1-year and month-to-month terms.
Key Highlights
- Four‑unit residential income property
- 2,432 square feet on a 0.28‑acre lot
- Two of the four units updated in the last 2 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,059
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,180
$521.2K
Cap Rate 7%
$372,271
$372.3K
Cap Rate 9%
$289,544
$289.5K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$39.4K $16.20/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$37.2K $15.31/SF
− OpEx
−$11.2K −$4.59/SF
NOI
$26.1K $10.72/SF
Area
Montgomery County, 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%
$521,180
Cap Rate 7%
$372,271
Cap Rate 9%
$289,544
Alternative Uses
Best Use
Multifamily LT 5
$372.3K
$325.7K – $434.3K
NOI $26,059 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$341.3K
$298.6K – $398.2K
NOI $23,890 @ 7.0% cap · market cap 7.13%
Theoretical Best
Specialty Retail
$432.9K
$378.8K – $505.1K
NOI $30,304 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
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Business Placement
Demographics for 45429, OH
26,514
Population
12,806
Households
2.1
Avg Household Size
45
Median Age
48%
College-Educated
97%
High-School Grad
9.9 sq mi
ZIP Area
2,678
Density / Sq Mi
$77,291
Median Household Income
$44,920
Median Earnings
$1,007
Median Rent
$221,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Montgomery County, OH
Properties on Market for Quadplexes in Montgomery County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Two units have been updated, and the property includes a rear carport and off-street parking.
Where is this quadplex located?
The property is located at 1511 Willamet Road Kettering, OH.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Four‑unit residential income property; 2,432 square feet on a 0.28‑acre lot; Two of the four units updated in the last 2 years
