Triplex with Full-Basement
For Sale
$149,900
2005 Riverside Dr, Dayton, OH 45405
Three-unit property with finished basement space and a large garage featuring its own full basement.
Property Size840 SF
Price / SF$178.45
Days on Market36
Property Features for 2005 Riverside Dr
General Information
Standard status
Active
Size
840 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 1BR, 1 x efficiency
Multifamily Units
3
Building Details
Year Built
1942
Buildings
1
Listing Agency:
Collins Real Estate Services
(937) 626-4181
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 29 at 8:55AM
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 Collins Real Estate Services
Investment Insights
Based on property information with market context.
This Dayton triplex includes a two-bedroom main-level residence, a one-bedroom upper-level unit, and a finished basement efficiency with a kitchen and full bathroom. The property also features a two-car garage with a full basement, providing substantial additional interior space for storage, hobbies, mechanical work, or fitness use.
Most windows have been replaced with newer units. Heating and hot water are electric, supplied through a furnace, baseboard heaters, and an electric hot water tank. Tenants are responsible for electric service, while ownership covers water, trash, and sewer. Built in 1942, the property is located at 2005 Riverside Dr in Dayton, Ohio.
Most windows have been replaced with newer units. Heating and hot water are electric, supplied through a furnace, baseboard heaters, and an electric hot water tank. Tenants are responsible for electric service, while ownership covers water, trash, and sewer. Built in 1942, the property is located at 2005 Riverside Dr in Dayton, Ohio.
Key Highlights
- Three‑unit configuration with 2‑bedroom, 1‑bedroom, and finished efficiency residences
- Finished basement efficiency includes a kitchen and full bathroom
- Two‑car garage includes a full basement
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
$9,001
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
6.00%
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%
$180,020
$180.0K
Cap Rate 7%
$128,586
$128.6K
Cap Rate 9%
$100,011
$100.0K
Market Conditions
NOI Build-Up for 840 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
$13.6K $16.20/SF
− Vacancy
−$750 −$0.89/SF
EGI
$12.9K $15.31/SF
− OpEx
−$3.9K −$4.59/SF
NOI
$9.0K $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 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%
$180,020
Cap Rate 7%
$128,586
Cap Rate 9%
$100,011
Alternative Uses
Best Use
Multifamily LT 5
$128.6K
$112.5K – $150.0K
NOI $9,001 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$117.9K
$103.1K – $137.5K
NOI $8,251 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$179.0K
$156.6K – $208.9K
NOI $12,531 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 45405, OH
18,124
Population
11,773
Households
1.5
Avg Household Size
37
Median Age
19%
College-Educated
91%
High-School Grad
4.0 sq mi
ZIP Area
4,531
Density / Sq Mi
$41,901
Median Household Income
$32,263
Median Earnings
$858
Median Rent
$74,100
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?
Triplex - Three-unit property with finished basement space and a large garage featuring its own full basement.
Where is this triplex located?
The property is located at 2005 Riverside Dr Dayton, OH.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Three‑unit configuration with 2‑bedroom, 1‑bedroom, and finished efficiency residences; Finished basement efficiency includes a kitchen and full bathroom; Two‑car garage includes a full basement
