Updated Two-Unit
For Sale
$147,900
538 Shoop Avenue, Dayton, OH 45402
ResidentialIncome, Dayton, OH
Property Size1,232 SF
Lot Size0.12 Acres
Price / SF$120.05
Days on Market97
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 538 Shoop Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Basement, Bathroom 1
Parking features
Garage, On Street
Patio and Porch features
Porch
Exterior features
Porch
Subdivision
City/Dayton Rev
Elementary school district
Dayton
Middle school district
Dayton
High school district
Dayton
Standard status
Active
APN
R72-12209-0020
Size
1,232 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
50268
Legal Description
50268
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1926
Floors in Building
1
Building materials
Frame, VinylSiding
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
John Clark
(937) 369-7876
Added: Jul 11
Changed: Sep 16
Last Checked: Oct 15 at 1:06PM
MLS# 963925
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.
This Dayton duplex contains two separate units, each arranged with one bedroom and one full bathroom. The 1,232-square-foot property was built in 1926 and includes a basement, porch, frame construction, and vinyl siding. Major systems have been updated with a newer roof, plumbing, electrical service, and HVAC equipment. Heating is provided by natural gas and forced air, while central air serves the building.
Located at 538 Shoop Avenue in Dayton, the property uses public water and includes garage and on-street parking. Its Residential zoning and two-unit configuration provide a straightforward residential income property format, with separate living spaces within one building.
Located at 538 Shoop Avenue in Dayton, the property uses public water and includes garage and on-street parking. Its Residential zoning and two-unit configuration provide a straightforward residential income property format, with separate living spaces within one building.
Key Highlights
- Two‑unit duplex with 1,232 square feet
- Each unit includes 1 bedroom and 1 full bathroom
- Major updates include roof, plumbing, electrical, and HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,201
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,020
$264.0K
Cap Rate 7%
$188,586
$188.6K
Cap Rate 9%
$146,678
$146.7K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$20.0K $16.20/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$18.9K $15.31/SF
− OpEx
−$5.7K −$4.59/SF
NOI
$13.2K $10.72/SF
Area
Dayton, OH
Vacancy
5.51%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,020
Cap Rate 7%
$188,586
Cap Rate 9%
$146,678
Alternative Uses
Best Use
Multifamily LT 5
$188.6K
$165.0K – $220.0K
NOI $13,201 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$172.9K
$151.3K – $201.7K
NOI $12,102 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$262.6K
$229.7K – $306.3K
NOI $18,379 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 45402, OH
10,735
Population
6,484
Households
1.7
Avg Household Size
37
Median Age
30%
College-Educated
88%
High-School Grad
4.4 sq mi
ZIP Area
2,440
Density / Sq Mi
$45,386
Median Household Income
$40,396
Median Earnings
$921
Median Rent
$105,900
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?
Duplex - Each residence includes one bedroom and one full bathroom, with central air and forced-air heating.
Where is this duplex located?
The property is located at 538 Shoop Avenue Dayton, OH.
What is the asking price?
The asking price for this property is $147,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,232 square feet; Each unit includes 1 bedroom and 1 full bathroom; Major updates include roof, plumbing, electrical, and HVAC systems
