18-Unit Apartment
New
For Sale
$1,290,000
4822 Philadelphia Drive, Dayton, OH 45405
Single-story residences each have a private entrance, with landscaped grounds across a wooded setting.
Property Size9,216 SF
Lot Size1.30 Acres
Price / SF$139.97
Days on Market4
Property Features for 4822 Philadelphia Drive
General Information
Standard status
Active
Size
9,216 SF
Lot size
1.30 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
18
Building Details
Year Built
1978
Stories
1
Listing Agency:
Endurance Realty & Investments
(513) 325-4403
Listed By:
John Harrison · License #205244
(855) 641-2323
Source:
Johnsonwebbrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:51PM
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 Endurance Realty & Investments
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 18-unit apartment property contains 18 bedrooms and 18 full bathrooms across 9,216 square feet. Built in 1978, the single-story layout gives each residence its own private entrance. The exterior includes pitched shingle roofs, mature landscaping, and a newer roof.
Set on 1.3 acres in Dayton, the property includes outdoor space within a wooded setting.
Set on 1.3 acres in Dayton, the property includes outdoor space within a wooded setting.
Key Highlights
- 18 apartment units with 18 bedrooms and 18 full bathrooms
- 9,216 square feet in a single‑story configuration
- Each residence has a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,530
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,810,600
$1.8M
Cap Rate 7%
$1,293,286
$1.3M
Cap Rate 9%
$1,005,889
$1.0M
Market Conditions
NOI Build-Up for 9,216 SF
Gross rent
$174.7K $18.96/SF
− Vacancy
−$10.1K −$1.10/SF
EGI
$164.6K $17.86/SF
− OpEx
−$74.1K −$8.04/SF
NOI
$90.5K $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%
$1,810,600
Cap Rate 7%
$1,293,286
Cap Rate 9%
$1,005,889
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,530 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,488 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 45405, OH
18,124
Population
11,773
Households
1.5
Avg Household Size
37
Median Age
19%
College-Educated
91%
High-School Grad
4.0 sq mi
ZIP Area
4,531
Density / Sq Mi
$41,901
Median Household Income
$32,263
Median Earnings
$858
Median Rent
$74,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Single-story residences each have a private entrance, with landscaped grounds across a wooded setting.
Where is this apartment building located?
The property is located at 4822 Philadelphia Drive Dayton, OH.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 18 apartment units with 18 bedrooms and 18 full bathrooms; 9,216 square feet in a single‑story configuration; Each residence has a private entrance
