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18-Unit Brick Apartment Building
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2308 Wayne Ave, Dayton, OH 45420

Two-story Dayton apartment community with varied unit layouts, tenant storage, laundry facilities, and off-street parking.

Property Size15,530 SF
Lot Size0.35 Acres
Days on Market145

Property Features for 2308 Wayne Ave

General Information

Standard status Active
Size 15,530 SF
Lot size 0.35 Acres
Property subtype Multifamily
Net Operating Income $124,716

Units

Unit Mix 10 x 1BR, 8 x 2BR
Multifamily Units 18

Additional Details

Cap Rate 8.1%

Amenities

storage area
laundry room

Building Details

Year Built 1961
Stories 2
Construction Garden Apt
Listing Agency: Red 1 Realty
Listed By: Mike Hall · License #BRKP.2014004189
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 11:36PM

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 Red 1 Realty

Investment Insights

Based on property information with market context.

This two-story apartment property in Dayton contains 18 units across 15,530 square feet. The unit mix includes ten one-bedroom apartments and eight two-bedroom apartments. Built in 1961, the brick-veneer building includes central cooling, tenant storage, and a laundry room. The main entrance has been replaced, and off-street parking is available. Tenants pay their own heat and electric costs.

The property occupies 0.35 acres at 2308 Wayne Ave in the 45420 ZIP code. The University of Dayton is a 3-minute drive, Sinclair Community College is 5 minutes away, and Dayton International Airport is 23 minutes away. The reported cap rate is 8.1%.

Key Highlights

  • 18 units: 10 one‑bedroom and 8 two‑bedroom apartments
  • 15,530 SF building on a 0.35‑acre lot
  • Two‑story brick‑veneer construction built in 1961

Property Analytics

Current Use

C&R Contracting General Contractor

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

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

Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

419
Businesses Nearby

Demographics for 45420, OH

25,045
Population
12,391
Households
2
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
3,913
Density / Sq Mi
$56,670
Median Household Income
$41,156
Median Earnings
$918
Median Rent
$116,200
Median Home Value

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-story Dayton apartment community with varied unit layouts, tenant storage, laundry facilities, and off-street parking.
Where is this apartment building located?
The property is located at 2308 Wayne Ave Dayton, OH.
What are key features of this property?
This property features: 18 units: 10 one‑bedroom and 8 two‑bedroom apartments; 15,530 SF building on a 0.35‑acre lot; Two‑story brick‑veneer construction built in 1961
More about this property
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