Brick Quadplex with
For Sale
Under Contract
$399,900
1554 Willamet Road, Dayton, OH 45429
Multi-Family, Dayton, OH
Property Size2,432 SF
Lot Size0.28 Acres
Price / SF$164.43
Days on Market188
Property Features for 1554 Willamet Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning description
Multiple
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
Parking features
Carport
Interior features
Ceiling Fan(s)
Appliances
Microwave, Range, Refrigerator
Subdivision
Tudor Park
Lot features
Residential Lot
Elementary school district
5705 Kettering CSD
Middle school district
5705 Kettering CSD
High school district
5705 Kettering CSD
Directions
Going south on Wilmington Pike turn left onto Willamet Road to 1554-1556-1558-1560. Property will be on the left.
Standard status
Active Under Contract
APN
N64028110020
Size
2,432 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1964
Floors in Building
1
Number of units
4
Building materials
Brick
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
RE/MAX Victory + Affiliates
(937) 524-0080
Listed By:
M. Larry Lemonds · License #232854
(937) 335-7369
Added: Apr 1
Changed: Sep 13
Last Checked: Oct 5 at 4:06PM
MLS# 1044651
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit brick multifamily property was built in 1964 and sits on a 0.28-acre lot. The ranch-style building contains 2,432 square feet and includes carport parking, public sewer service, natural-gas forced-air heating, wall-unit cooling, and ceiling fans. Interior appliances include ranges, refrigerators, and microwaves. Existing improvements include new gutters, serviced furnaces, updated plumbing components, a concrete front-step landing, rebuilt handrails, fluorescent lighting, and upgraded carport drainage with motion-sensor lighting.
The property is located in Dayton’s 45429 ZIP code, less than 2 miles from Greene Shopping & Dining and approximately 15 minutes from Wright-Patterson Air Force Base. Two units have installed radon systems. Additional unit improvements include water heaters, air-conditioning wall units, a furnace, a washer and dryer, and select kitchen appliances. Long-term tenants occupy the property and have expressed interest in remaining.
The property is located in Dayton’s 45429 ZIP code, less than 2 miles from Greene Shopping & Dining and approximately 15 minutes from Wright-Patterson Air Force Base. Two units have installed radon systems. Additional unit improvements include water heaters, air-conditioning wall units, a furnace, a washer and dryer, and select kitchen appliances. Long-term tenants occupy the property and have expressed interest in remaining.
Key Highlights
- Four‑unit brick property totaling 2,432 square feet on 0.28 acres
- Built in 1964 with ranch‑style construction and carport parking
- Approximately 15 minutes from Wright‑Patterson Air Force Base
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,059
Cap Rate
6.52%
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
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%
$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 6.52%
Second Best
Apartment 5plus
$341.3K
$298.6K – $398.2K
NOI $23,890 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$518.3K
$453.5K – $604.7K
NOI $36,282 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Ranch-style multifamily property with brick construction, public sewer, natural-gas forced-air heating, and wall-unit cooling.
Where is this quadplex located?
The property is located at 1554 Willamet Road Dayton, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four‑unit brick property totaling 2,432 square feet on 0.28 acres; Built in 1964 with ranch‑style construction and carport parking; Approximately 15 minutes from Wright‑Patterson Air Force Base
