6-Unit Apartment
4515 - 4525 Croftshire Dr, Kettering, OH 45440
For Sale
New
$740,000
Pending
All six residences are occupied and have private laundry facilities.
Property Size5,184 SF
Days on Market7
Property Features for 4515 - 4525 Croftshire Dr
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Irongate Inc.
(937) 540-1234
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 6:33AM
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 Irongate Inc.
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Investment Insights
Based on property information with market context.
The 5,184-square-foot apartment property contains six units: two with two bedrooms and two baths, plus four with one bedroom and one bath. Each residence has an updated kitchen and bathroom, private laundry, a patio, designated parking, and Pella windows and patio doors with interior blinds. Four garage spaces are rented separately.
The building was constructed in 1969. Roof and decking work, along with replacement of the exterior meter banks and electrical lines to each unit’s breaker, was completed in 2026. Residents pay their own gas and electric. The property is near I-675, Fraze Pavilion, shopping, and restaurants.
The building was constructed in 1969. Roof and decking work, along with replacement of the exterior meter banks and electrical lines to each unit’s breaker, was completed in 2026. Residents pay their own gas and electric. The property is near I-675, Fraze Pavilion, shopping, and restaurants.
Key Highlights
- Six occupied apartments: two 2‑bedroom/2‑bath units and four 1‑bedroom/1‑bath units
- 5,184 square feet; built in 1969
- Four separately rented garage spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,157
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,140
$883.1K
Cap Rate 7%
$630,814
$630.8K
Cap Rate 9%
$490,633
$490.6K
Market Conditions
NOI Build-Up for 5,184 SF
Gross rent
$84.0K $16.20/SF
− Vacancy
−$3.7K −$0.71/SF
EGI
$80.3K $15.49/SF
− OpEx
−$36.1K −$6.97/SF
NOI
$44.2K $8.52/SF
Area
Greene County, OH
Vacancy
4.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,140
Cap Rate 7%
$630,814
Cap Rate 9%
$490,633
Alternative Uses
Best Use
Apartment 5plus
$630.8K
$552.0K – $736.0K
NOI $44,157 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$974.7K
$852.9K – $1.14M
NOI $68,231 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 45440, OH
22,676
Population
10,055
Households
2.3
Avg Household Size
40
Median Age
46%
College-Educated
97%
High-School Grad
9.2 sq mi
ZIP Area
2,465
Density / Sq Mi
$83,378
Median Household Income
$50,438
Median Earnings
$1,122
Median Rent
$248,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All six residences are occupied and have private laundry facilities.
Where is this apartment building located?
The property is located at 4515 - 4525 Croftshire Dr Kettering, OH.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Six occupied apartments: two 2‑bedroom/2‑bath units and four 1‑bedroom/1‑bath units; 5,184 square feet; built in 1969; Four separately rented garage spaces
