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14-Unit Townhome Apartment Portfolio

2167 W Schantz Avenue, Kettering, OH 45409

For Sale
$1,595,000

Three residential buildings combine townhome and garden-style layouts with covered parking and recent property improvements.

Property Size5,026 SF
Price / SF$317.35
Days on Market13

Property Features for 2167 W Schantz Avenue

General Information

Standard status Active
Size 5,026 SF
Total Parking Spaces 19
Property subtype Multi-Family
Occupancy 100%
Net Operating Income $100,612

Units

Unit Mix 12 x 2BR/2.5BA, 2 x 2BR/2BA
Multifamily Units 14

Additional Details

Tenant in Place Yes

Amenities

community laundry room
covered parking
spiral staircase

Building Details

Year Built 1968
Buildings 3
Listing Agency: Ascent Real Estate Advisors
Listed By: Todd Duplain
Source: Johnsonwebbrealty
Added: Oct 26 Changed: Nov 6 Last Checked: Nov 6 at 3:29PM

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 Ascent Real Estate Advisors

Rey
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Investment Insights

Based on property information with market context.

This 14-unit apartment portfolio comprises three residential buildings totaling 5,026 square feet. All residences have two-bedroom plans: 12 townhomes feature spiral staircases, one full bath and two half baths, while two garden-style units have single-level layouts and two full baths. Kitchens include a range, refrigerator, dishwasher and disposal. Eight units have washer and dryer hookups, and a shared laundry room has three coin-operated machines. Tenants pay gas and electric. The property was built in 1968.

Seven units have been fully renovated and four partially renovated within the past five years. Improvements also include updated asphalt in the rear lot and covered parking areas in September 2023, rebuilt decks at Units 2177 and 2183, and new HVAC systems in Units 2171, 2183 and 2191. Each unit has an individual main water shutoff valve, with new building water-main shutoff valves in the pit. Parking consists of 14 covered carport spaces and five uncovered spaces. The portfolio is in Kettering near the Oakwood border.

Key Highlights

  • 14 two‑bedroom units across three residential buildings
  • 12 townhomes have spiral staircases, one full bath and two half baths; two garden‑style units have single‑level layouts and two full baths
  • Seven units fully renovated and four partially renovated within the past five years

Property Analytics

Lease Details

14
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

377
Businesses Nearby

Demographics for 45409, OH

12,392
Population
3,458
Households
3.6
Avg Household Size
25
Median Age
65%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
3,349
Density / Sq Mi
$84,000
Median Household Income
$7,054
Median Earnings
$1,055
Median Rent
$230,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three residential buildings combine townhome and garden-style layouts with covered parking and recent property improvements.
Where is this apartment building located?
The property is located at 2167 W Schantz Avenue Kettering, OH.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 14 two‑bedroom units across three residential buildings; 12 townhomes have spiral staircases, one full bath and two half baths; two garden‑style units have single‑level layouts and two full baths; Seven units fully renovated and four partially renovated within the past five years
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