48-Unit Apartment
For Sale
$3,750,000
1631 Jackson Lane, Middletown, OH 45044
Well-maintained 48-unit community with one-bedroom layouts, on-site leasing office, laundry facility, and recent roof and electrical upgrades.
Property SizeContact for details
Days on Market124
Property Features for 1631 Jackson Lane
General Information
Standard status
Active
Property subtype
MF
Additional Details
Business Included
Yes
Multifamily Units
48
Building Details
Year Built
1981
Listing Agency:
Don Dobbs
Listed By:
Ryan Riddell · License #0000418176
(937) 608-0100
Source:
Realnex
Added: May 6
Changed: Jul 20
Last Checked: Jul 25 at 2:16AM
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 Don Dobbs
Investment Insights
Based on property information with market context.
This well-maintained 48-unit multifamily community features 48 spacious one-bedroom, one-bath apartments, each with a living room, dining area, and kitchen. The property includes an on-site leasing office, a laundry facility, and a dog park for residents. Recent capital improvements include a new roof installed in 2022 and all new electrical service completed in 2023, and select units have received updates including new hot water heaters, flooring, countertops, and other interior finishes.
The property is located in Middletown, Ohio, between Dayton and Cincinnati. An on-site maintenance employee supports day-to-day operations, and those expenses are already incorporated into the current NOI. Rents are currently below market rate and have been trending upward as units turn over.
The property is located in Middletown, Ohio, between Dayton and Cincinnati. An on-site maintenance employee supports day-to-day operations, and those expenses are already incorporated into the current NOI. Rents are currently below market rate and have been trending upward as units turn over.
Key Highlights
- Well‑maintained 48‑unit multifamily community in Middletown, OH, built in 1981
- 48 one‑bedroom, one‑bath apartments with each unit featuring a living room, dining area, and kitchen
- On‑site amenities include a leasing office, laundry facility, and a dog park
Property Analytics
Property Profile
Current Use
Lease Details
48
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 45044, OH
56,128
Population
21,645
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
37.8 sq mi
ZIP Area
1,485
Density / Sq Mi
$71,942
Median Household Income
$40,568
Median Earnings
$1,034
Median Rent
$230,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 48-unit community with one-bedroom layouts, on-site leasing office, laundry facility, and recent roof and electrical upgrades.
Where is this apartment building located?
The property is located at 1631 Jackson Lane Middletown, OH.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Well‑maintained 48‑unit multifamily community in Middletown, OH, built in 1981; 48 one‑bedroom, one‑bath apartments with each unit featuring a living room, dining area, and kitchen; On‑site amenities include a leasing office, laundry facility, and a dog park
