Six-Unit Apartment
New
For Sale
$435,000
3394 Lodge Avenue, Dayton, OH 45414
MULTI_FAMILY - Dayton, OH
Property Size3,267 SF
Lot Size0.20 Acres
Price / SF$133.15
Days on Market5
Property Features for 3394 Lodge Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 1, Bathroom 6, Bathroom 3, Bedroom 3, Bedroom 5, Bedroom 6
Parking features
Garage
Appliances
Microwave, Range, Refrigerator
Subdivision
Ensley
Elementary school district
Northridge
Middle school district
Northridge
High school district
Northridge
Standard status
Active
APN
E21-17303A0054
Size
3,267 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
14 PT J L ENSLEYS EXR VAC ST
Legal Description
14 PT J L ENSLEYS EXR VAC ST
Utilities
Heating system
Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1960
Floors in Building
1
Number of units
6
Building materials
Brick
Listing Agency:
Keller Williams Advisors Rlty · Keller Williams Realty
(937) 848-6255
Listed By:
Jill Jackson · License #2022001299
(937) 245-4302
Added: Jul 29
Changed: Aug 1
Last Checked: Aug 2 at 12:06AM
MLS# 965341
Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well maintained six-unit apartment building at 3394 Lodge Avenue, Dayton, OH 45414 on a 0.2-acre lot. The property is brick construction and built in 1960, with garage parking. Units are fully furnished and include in-unit appliances and furnishings such as beds, TVs, appliances, couches, and tables. Heating is provided by baseboard, and cooling is via window units.
The property is fully occupied with long term tenants. Tenant-paid utilities include electric and gas, while the owner pays water and trash. Recent improvements include roof and electrical updates in 2016. Additional updates in 2024 include plumbing, four new A/C units, and refreshed unit finishes and furnishings, including a new stove and paint updates for unit 3388.
With access to I-75 and close proximity to downtown Dayton, the building supports straightforward tenant access to everyday dining and shopping options. 24-hour notice is required for showings.
The property is fully occupied with long term tenants. Tenant-paid utilities include electric and gas, while the owner pays water and trash. Recent improvements include roof and electrical updates in 2016. Additional updates in 2024 include plumbing, four new A/C units, and refreshed unit finishes and furnishings, including a new stove and paint updates for unit 3388.
With access to I-75 and close proximity to downtown Dayton, the building supports straightforward tenant access to everyday dining and shopping options. 24-hour notice is required for showings.
Key Highlights
- Six‑unit apartment building on 0.2 acres at 3394 Lodge Avenue, Dayton, OH 45414
- Fully furnished units with beds, TVs, appliances, couches, and tables
- Roof and electrical updated in 2016
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.9k | $18.96 |
| − Vacancy | −$3.6k | −$1.10 |
| EGI | $58.3k | $17.86 |
| − OpEx | −$26.3k | −$8.04 |
| NOI | $32.1k | $9.82 |
3,267 SF · lease $18.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$458.5K
$401.2K – $534.9K
NOI $32,092 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$696.3K
$609.2K – $812.3K
NOI $48,738 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
298
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit, fully furnished apartment building on a 0.2-acre lot with garage parking, window-unit cooling, and updated major systems.
Where is this apartment building located?
The property is located at 3394 Lodge Avenue Dayton, OH.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Six‑unit apartment building on 0.2 acres at 3394 Lodge Avenue, Dayton, OH 45414; Fully furnished units with beds, TVs, appliances, couches, and tables; Roof and electrical updated in 2016
