Five-Unit Apartment
For Sale
$385,000
Pending
338 Hickory St, Dayton, OH 45410
Five one-bedroom apartments feature gas heat, central air conditioning, and off-street parking.
Property Size2,940 SF
Days on Market49
Property Features for 338 Hickory St
General Information
Standard status
Pending
Size
2,940 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Park
Units
Unit Mix
5 x 1BR
Multifamily Units
5
Amenities
gas heat
central air conditioning
off-street parking
Building Details
Year Built
1963
Construction
ranch-style
Listing Agency:
Comey & Shepherd Realtors
(513) 607-4006
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 23 at 6:17AM
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 Comey & Shepherd Realtors
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Investment Insights
Based on property information with market context.
Built in 1963, this 2,940-square-foot apartment property contains five one-bedroom units in a ranch-style layout. The all-brick building is equipped with gas heat and central air conditioning, while off-street parking serves the residents. The property is being sold AS IS.
Located at 338 Hickory St in Dayton, Ohio’s South Park neighborhood, the building offers a compact multifamily configuration with consistent unit layouts and established physical improvements.
Located at 338 Hickory St in Dayton, Ohio’s South Park neighborhood, the building offers a compact multifamily configuration with consistent unit layouts and established physical improvements.
Key Highlights
- Five one‑bedroom apartment units
- 2,940 square feet in a ranch‑style building
- All‑brick construction completed in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,880
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,600
$577.6K
Cap Rate 7%
$412,571
$412.6K
Cap Rate 9%
$320,889
$320.9K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$55.7K $18.96/SF
− Vacancy
−$3.2K −$1.10/SF
EGI
$52.5K $17.86/SF
− OpEx
−$23.6K −$8.04/SF
NOI
$28.9K $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%
$577,600
Cap Rate 7%
$412,571
Cap Rate 9%
$320,889
Alternative Uses
Best Use
Apartment 5plus
$412.6K
$361.0K – $481.3K
NOI $28,880 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$626.6K
$548.3K – $731.0K
NOI $43,860 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,510
Businesses Nearby
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Business Placement
Demographics for 45410, OH
15,758
Population
8,028
Households
2
Avg Household Size
35
Median Age
21%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
6,566
Density / Sq Mi
$46,766
Median Household Income
$36,552
Median Earnings
$950
Median Rent
$97,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five one-bedroom apartments feature gas heat, central air conditioning, and off-street parking.
Where is this apartment building located?
The property is located at 338 Hickory St Dayton, OH.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Five one‑bedroom apartment units; 2,940 square feet in a ranch‑style building; All‑brick construction completed in 1963
