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Two-Building Apartment Property
New
For Sale
$615,000

2271 Hepburn Ave, Dayton, OH 45406

Two-building apartment property with a uniform one-bedroom layout and documented renovation work completed in 2025.

Property Size7,440 SF
Days on Market7

Property Features for 2271 Hepburn Ave

General Information

Standard status Active
Size 7,440 SF
Property subtype Multi-Family

Building Details

Building Size 7,440 SF
Year Built 1960
Year Renovated 2025
Listing Agency: Coldwell Banker Heritage
Listed By: Patrick Williams
Source: Commercialcafe
Added: Sep 21 Changed: Sep 22 Last Checked: Sep 26 at 3:40AM

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 Coldwell Banker Heritage

Investment Insights

Based on property information with market context.

Hepburn Apartments comprises 16 units across two buildings constructed in 1960. The property has an all one-bedroom unit mix, with five apartments fully renovated in 2025. Current occupancy is 44%, creating available inventory for additional leasing activity. Rental assistance programs associated with the property include Section 8, Miami Valley Housing, and Eastway.

The buildings are located at 2271 and 2275 Hepburn Avenue in Dayton, within the Dayton MSA. The property offers a clearly defined apartment configuration, a consistent unit type, and recent improvements to a portion of the units. Its current occupancy and subsidy-backed tenancy structure provide concrete operating context for evaluating the asset.

Key Highlights

  • 16 apartment units across two buildings
  • 100% one‑bedroom unit mix
  • Five units fully renovated in 2025

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Spa & Massage Center Gym & Fitness Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

519
Businesses Nearby

Demographics for 45406, OH

20,622
Population
10,695
Households
1.9
Avg Household Size
39
Median Age
21%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
4,124
Density / Sq Mi
$43,241
Median Household Income
$35,344
Median Earnings
$879
Median Rent
$82,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-building apartment property with a uniform one-bedroom layout and documented renovation work completed in 2025.
Where is this apartment building located?
The property is located at 2271 Hepburn Ave Dayton, OH.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 16 apartment units across two buildings; 100% one‑bedroom unit mix; Five units fully renovated in 2025
More about this property
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