6-Unit Apartment
3394 Lodge Avenue, Dayton, OH 45414
For Sale
$389,900
ResidentialIncome, Dayton, OH
Property Size3,267 SF
Lot Size0.20 Acres
Price / SF$119.34
Days on Market102
Property Features for 3394 Lodge Avenue
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
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: Nov 1
Last Checked: Nov 7 at 2:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,267-square-foot, six-unit apartment property sits on a 0.2-acre lot and was built in 1960. Each residence has one bedroom and one bathroom. The apartments are furnished, and the furnishings and appliances remain in place. Recent work includes plumbing and four air-conditioning units installed in 2024, along with flooring, paint, and drywall improvements in select units. The roof and electrical system were updated in 2016.
The property is in Dayton, near downtown and just off I-75, with restaurants and shopping in the surrounding area. It has Commercial zoning and garage parking. The apartments are fully occupied under long-term leases. Tenants pay gas and electricity; the owner covers water and trash.
The property is in Dayton, near downtown and just off I-75, with restaurants and shopping in the surrounding area. It has Commercial zoning and garage parking. The apartments are fully occupied under long-term leases. Tenants pay gas and electricity; the owner covers water and trash.
Key Highlights
- Six apartments, each with 1 bedroom and 1 bathroom
- 3,267 square feet on 0.2 acres; built in 1960
- Apartments are furnished and fully occupied under long‑term leases
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Furnished apartments have long-term leases, with recent improvements to select interiors and building 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 $389,900.
What are key features of this property?
This property features: Six apartments, each with 1 bedroom and 1 bathroom; 3,267 square feet on 0.2 acres; built in 1960; Apartments are furnished and fully occupied under long‑term leases
