Six-Unit Furnished Apartment
For Sale
$389,900
3384-3394 Lodge Ave, Dayton, OH 45414
Fully occupied property with one-bedroom units, furnished interiors, and long-term leases.
Property Size3,267 SF
Price / SF$119.34
Days on Market79
Property Features for 3384-3394 Lodge Ave
General Information
Standard status
Active
Size
3,267 SF
Property subtype
Residential Income
Occupancy
100%
Financials
Gross Income
$63,780
Average Monthly Rent
$885.83
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Furnished
Yes
Highway Access
Yes
Listing Agency:
Keller Williams Advisors Rlty
(937) 848-6255
Listed By:
Jill Jackson · License #2022001299
(937) 245-4302
Source:
Exprealty
Added: Jul 29
Changed: Oct 7
Last Checked: Oct 15 at 3:42AM
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 Keller Williams Advisors Rlty
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Investment Insights
Based on property information with market context.
This six-unit apartment building offers one-bedroom, one-bath residences on a slab foundation. Each unit is furnished with beds, TVs, appliances, couches, and tables, and the property is fully occupied by long-term tenants holding leases. Residents pay electric and gas, while ownership covers water and trash. Radiant heat and window units serve the apartments, supporting a straightforward maintenance profile.
Capital improvements include roof and electrical updates completed in 2016, along with plumbing work and 4 new a/c units in 2024. Unit 3392 received new flooring, paint, and drywall, while Unit 3390 has new drywall; Unit 3388 also received new paint. The property is located at 3384-3394 Lodge Ave in Dayton, close to downtown and immediately off I-75, with restaurants and shopping nearby. All furnishings are included, along with a new stove.
Capital improvements include roof and electrical updates completed in 2016, along with plumbing work and 4 new a/c units in 2024. Unit 3392 received new flooring, paint, and drywall, while Unit 3390 has new drywall; Unit 3388 also received new paint. The property is located at 3384-3394 Lodge Ave in Dayton, close to downtown and immediately off I-75, with restaurants and shopping nearby. All furnishings are included, along with a new stove.
Key Highlights
- Six 1 bed/1 bath apartment units
- Fully occupied with long‑term leases
- Furnished units include beds, TVs, appliances, couches, and tables
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,092
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,840
$641.8K
Cap Rate 7%
$458,457
$458.5K
Cap Rate 9%
$356,578
$356.6K
Market Conditions
NOI Build-Up for 3,267 SF
Gross rent
$61.9K $18.96/SF
− Vacancy
−$3.6K −$1.10/SF
EGI
$58.3K $17.86/SF
− OpEx
−$26.3K −$8.04/SF
NOI
$32.1K $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%
$641,840
Cap Rate 7%
$458,457
Cap Rate 9%
$356,578
Alternative Uses
Best Use
Apartment 5plus
$458.5K
$401.2K – $534.9K
NOI $32,092 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$696.3K
$609.2K – $812.3K
NOI $48,738 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 45414, OH
20,693
Population
10,283
Households
2
Avg Household Size
42
Median Age
26%
College-Educated
88%
High-School Grad
21.8 sq mi
ZIP Area
949
Density / Sq Mi
$53,824
Median Household Income
$40,629
Median Earnings
$867
Median Rent
$163,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied property with one-bedroom units, furnished interiors, and long-term leases.
Where is this apartment building located?
The property is located at 3384-3394 Lodge Ave Dayton, OH.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Six 1 bed/1 bath apartment units; Fully occupied with long‑term leases; Furnished units include beds, TVs, appliances, couches, and tables
