8-Unit Apartment
27 Rita Street, Dayton, OH 45404
For Sale
$599,000
The building contains a fully occupied mix of two-bedroom, one-bath apartments.
Property Size4,794 SF
Price / SF$124.95
Days on Market15
Property Features for 27 Rita Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
true
8
1
16
Assessor
Public
15246
irregular
0.35
false
Satellite Dish
No Garage,Parking Lot,On Street
Slab
4794
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
West Fork Realty Group LLC
(513) 936-9110
Listed By:
Douglas Broomhall · License #2004015169
(937) 287-5129
Source:
Johnsonwebbrealty
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 4:58PM
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 West Fork Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 1958, this 4,794-square-foot apartment building contains eight units, each configured with two bedrooms and one bathroom. The property is fully occupied, and a new roof was installed in October 2024.
Located at 27 Rita Street in Dayton, Ohio, the property is offered for sale.
Located at 27 Rita Street in Dayton, Ohio, the property is offered for sale.
Key Highlights
- Eight apartments, each with 2 bedrooms and 1 bathroom
- 4,794‑square‑foot building constructed in 1958
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,092
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,840
$941.8K
Cap Rate 7%
$672,743
$672.7K
Cap Rate 9%
$523,244
$523.2K
Market Conditions
NOI Build-Up for 4,794 SF
Gross rent
$90.9K $18.96/SF
− Vacancy
−$5.3K −$1.10/SF
EGI
$85.6K $17.86/SF
− OpEx
−$38.5K −$8.04/SF
NOI
$47.1K $9.82/SF
Area
Dayton, OH
Vacancy
5.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,840
Cap Rate 7%
$672,743
Cap Rate 9%
$523,244
Alternative Uses
Best Use
Apartment 5plus
$672.7K
$588.7K – $784.9K
NOI $47,092 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$894.0K – $1.19M
NOI $71,519 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 45404, OH
10,730
Population
4,846
Households
2.2
Avg Household Size
35
Median Age
9%
College-Educated
84%
High-School Grad
7.6 sq mi
ZIP Area
1,412
Density / Sq Mi
$35,286
Median Household Income
$22,529
Median Earnings
$871
Median Rent
$82,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The building contains a fully occupied mix of two-bedroom, one-bath apartments.
Where is this apartment building located?
The property is located at 27 Rita Street Dayton, OH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Eight apartments, each with 2 bedrooms and 1 bathroom; 4,794‑square‑foot building constructed in 1958; Fully occupied property
