Five-Unit Apartment
For Sale
$485,000
1830 Roslyn Ave, Kettering, OH 45429
Fully leased configuration combines a front residence with four separate one-bedroom units and resident-billed utilities.
Property Size4,377 SF
Price / SF$110.81
Days on Market96
Property Features for 1830 Roslyn Ave
General Information
Standard status
Active
Size
4,377 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 2BR, 4 x 1BR/1BA
Multifamily Units
5
Additional Details
Utilities to Site
Yes
Listing Agency:
Keller Williams Community Part
(937) 673-0830
Listed By:
Ryan Gillen
(937) 673-0830
Source:
Exprealty
Added: May 6
Changed: Aug 6
Last Checked: Aug 8 at 7:37AM
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 Keller Williams Community Part
Investment Insights
Based on property information with market context.
This 4,377-square-foot apartment property includes five leased units arranged around a two-bedroom single-family home at the front and four additional one-bedroom, one-bath residences. The mix provides distinct living spaces within a compact multifamily layout, and all units are currently occupied.
Located on Roslyn Ave in Kettering, Ohio, the property is near shopping, dining, and everyday conveniences. Residents pay their own electric and gas costs, while water and trash expenses are billed back monthly. The existing occupancy and defined unit mix offer a straightforward operating setup for a multifamily owner.
Located on Roslyn Ave in Kettering, Ohio, the property is near shopping, dining, and everyday conveniences. Residents pay their own electric and gas costs, while water and trash expenses are billed back monthly. The existing occupancy and defined unit mix offer a straightforward operating setup for a multifamily owner.
Key Highlights
- Five‑unit multifamily property totaling 4,377 square feet
- Unit mix includes one 2‑bedroom single‑family home and four 1‑bedroom, 1‑bath units
- All five units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,283
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$745,660
$745.7K
Cap Rate 7%
$532,614
$532.6K
Cap Rate 9%
$414,256
$414.3K
Market Conditions
NOI Build-Up for 4,377 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.9K $16.20/SF
− Vacancy
−$3.1K −$0.71/SF
EGI
$67.8K $15.49/SF
− OpEx
−$30.5K −$6.97/SF
NOI
$37.3K $8.52/SF
Area
Greene County, OH
Vacancy
4.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$745,660
Cap Rate 7%
$532,614
Cap Rate 9%
$414,256
Alternative Uses
Best Use
Apartment 5plus
$532.6K
$466.0K – $621.4K
NOI $37,283 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$823.0K
$720.1K – $960.2K
NOI $57,610 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
501
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
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 - Fully leased configuration combines a front residence with four separate one-bedroom units and resident-billed utilities.
Where is this apartment building located?
The property is located at 1830 Roslyn Ave Kettering, OH.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Five‑unit multifamily property totaling 4,377 square feet; Unit mix includes one 2‑bedroom single‑family home and four 1‑bedroom, 1‑bath units; All five units are currently leased
