Listing Agency: Endurance Realty & Investments

Listed By: John Harrison · License #205244 Show Phone

Source: Exprealty

Added: Sep 7, 2025 Changed: Oct 13 Last Checked: Oct 16 at 9:33AM

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Investment Insights

Based on property information with market context.

This duplex contains two residential units, each configured with two bedrooms and one bathroom. The property is offered furnished and includes washers, dryers, and other household essentials. Interior updates include new flooring and fresh paint, while building improvements include a newer roof, chimney crowns, and blown-in wall insulation. Central air supports year-round comfort, and off-street parking is provided.

Positioned in downtown Dayton, the property offers a flexible two-unit configuration with updated interiors and existing furnishings. The layout can accommodate separate residential occupancy across both units, with each residence providing a two-bedroom, one-bathroom arrangement.

Key Highlights

• Two residential units, each with 2 bedrooms and 1 bathroom
• Fully furnished with washers, dryers, and household essentials
• New flooring and fresh paint throughout the updated interiors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,134

Cap Rate

8.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$342,680 $342.7K

Cap Rate 7%

$244,771 $244.8K

Cap Rate 9%

$190,378 $190.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,599 SF

Gross rent

$25.9K $16.20/SF

− Vacancy

−$1.4K −$0.89/SF

EGI

$24.5K $15.31/SF

− OpEx

−$7.3K −$4.59/SF

NOI

$17.1K $10.72/SF

Area

Dayton, OH

Vacancy

5.51%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$342,680

Cap Rate 7%

$244,771

Cap Rate 9%

$190,378

Alternative Uses

Best Use

Multifamily LT 5

$244.8K

$214.2K – $285.6K (±1% cap)

NOI $17,134 @ 7.0% cap · market cap 8.20%

Second Best

Apartment 5plus

$224.4K

$196.3K – $261.8K (±1% cap)

NOI $15,707 @ 7.0% cap · market cap 7.52%

Theoretical Best

Office A

$340.8K

$298.2K – $397.6K (±1% cap)

NOI $23,855 @ 7.0% cap · market cap 11.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Kitchen & Bath Showroom Locksmith Tanning Salon Electrical Service

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

2,537

Businesses Nearby

Explore this area Business Placement

Demographics for 45402, OH

10,735

Population

6,484

Households

1.7

Avg Household Size

37

Median Age

30%

College-Educated

88%

High-School Grad

4.4 sq mi

ZIP Area

2,440

Density / Sq Mi

$45,386

Median Household Income

$40,396

Median Earnings

$921

Median Rent

$105,900

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?

Duplex - Updated two-unit property in downtown Dayton with central air, off-street parking, and furnishings in place.

Where is this duplex located?

The property is located at 306-306 Warren St Dayton, OH.

What is the asking price?

The asking price for this property is $209,000.

What are key features of this property?

This property features: Two residential units, each with 2 bedrooms and 1 bathroom; Fully furnished with washers, dryers, and household essentials; New flooring and fresh paint throughout the updated interiors