Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Duplex Property Title is generated by Realmo AI

    249-251 Lexington Avenue, Dayton, OH 45402

    View on Map
    Claim this Listing
    New
    For Sale
    $210,000

    MULTI_FAMILY - Dayton, OH

    Property size:
    2,464 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $85/SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for 249-251 Lexington Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 1
    Parking features
    Garage
    Patio and Porch features
    Porch
    Basement
    Full, Unfinished
    Appliances
    Gas Water Heater
    Standard status
    Active
    APN
    R72078090016
    Size
    2,464 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1919
    Floors in Building
    2
    Number of units
    2
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Tami Holmes
    Tami Holmes

    Listing agent Tami Holmes

    Listing office Tami Holmes Realty 3390 Woodman Dr., Tipp City, OH

    Listing date Jun 1, 2026

    MLS# 1046038 Listing URL

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Renovated duplex with 3 bedrooms and 1 full bathroom on each side
    • Potential rental income of $1,250 per unit (per public remarks)
    • Each unit has a brand‑new furnace and renovated kitchens and bathrooms
    • All‑new flooring, trim, paint, and doors throughout, plus some new windows
    • Separate basements and large front porch
    • Features natural gas forced‑air heat, gas water heater, public sewer, and garage parking

    Overview

    This renovated duplex features two separate residential units, each with three spacious bedrooms and a full bathroom. The property includes a large front porch and separate basements for each side, supporting independent day-to-day living. Recent updates include brand-new furnaces for both units, renovated kitchens and bathrooms, and all-new flooring, trim, paint, and doors throughout. Additional improvements include some new windows, along with all-new appliances, helping reduce near-term maintenance needs for an owner-occupant or tenant.

    Located at 249-251 Lexington Avenue in Dayton, the property is described as conveniently positioned near local amenities and schools, with proximity to Downtown Dayton and public transportation.

    The duplex configuration offers a practical fit for buyers seeking to either live in one unit while renting the other, or operate both units as residential income. The listing describes potential rental income of $1,250 per unit, and the recent renovation work means occupants can move in with minimal immediate work required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Greene
    State
    Ohio
    Longitude
    -84.217006
    Latitude
    39.768241

    Nearby Similar for Sale

    • $995,000
      14,800 SF

      Turnkey Restaurant & Event Space

      Freestanding 14,800 SF restaurant and event space in Dayton.
      135 E Second Street, Dayton, OH 45402
      View Details
    • $399,900
      2,432 SF

      Kettering Quadplex with Rental Upside

      Stabilized Kettering quadplex with significant rent increase potential.
      1554 Willamet Road, Dayton, OH 45429
      View Details
    • $125,000
      2,436 SF

      Dayton Duplex with Income Potential

      Solid duplex with opportunity to increase rents.
      466 Allwen Drive, Dayton, OH 45406
      View Details
    • $245,000
      3,948 SF

      Renovated Four-Unit Building

      Four-unit building with renovations since 2018, HUD approved.
      420 E Siebenthaler Avenue, Dayton, OH 45405
      View Details
    • $4,900,000
      17,381 SF

      Commercial Office and Truck Parking

      Office space paired with fenced, gated semi-truck parking with strong highway visibility and flexible suite sizing.
      1602 Valley Street, Dayton, OH 45404
      View Details
    • $850,000
      18,234 SF

      Industrial Warehouse with Income Potential

      Large industrial complex with warehouse, office, and outbuildings.
      3731 W Alex Bell Rd, Dayton, OH 45449
      View Details
    • $1,850,000
      43,204 SF

      Unique Facility Near Downtown Dayton

      43,204 SF facility on 4.38 acres near Downtown Dayton.
      1001 Harvard Boulevard, Dayton, OH 45406
      View Details
    • $1,553,723
      2,809 SF

      Wendy’s Quick-Service Restaurant

      Consider a quick-service restaurant asset tied to an established national brand with broad metro demand in the Dayton area.
      4997 N Main St, Dayton, OH 45415
      View Details
    • $2,200,000
      4,550 SF

      Turnkey Restaurant with Outdoor Patio

      Freestanding 4,550 SF restaurant with full bar and patio.
      2505 Wilmington Pike, Dayton, OH
      View Details
    • $139,900
      1,242 SF

      Dayton Auto Repair Garage

      Vacant auto repair garage on a corner lot.
      501 E Trotwood Boulevard, Dayton, OH 45426
      View Details
    • $297,900
      3,392 SF

      Stately Duplex in South Park

      Charming duplex in Dayton's historic South Park district.
      229-227 James Street, Dayton, OH 45410
      View Details
    • $2,100,000
      30,513 SF

      Dayton Church with Large Sanctuary

      Dayton church with 30,513 SF building on 4.6 acres.
      1306 Salem Ave, Dayton, OH 45406
      View Details

    FAQs

    What type of property is this?
    Duplex - Move-in ready duplex with separate basements and renovated interiors on both sides.
    Where is this duplex located?
    The property is located at 249-251 Lexington Avenue Dayton, OH.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: Renovated duplex with 3 bedrooms and 1 full bathroom on each side; Potential rental income of $1,250 per unit (per public remarks); Each unit has a brand‑new furnace and renovated kitchens and bathrooms
    (937) 506-8360
    We can help!
    Listing Contact
    Tami Holmes
    Tami Holmes
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    249-251 Lexington Avenue, Dayton, OH 45402
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!