Building Details

Buildings 1

Listing Agency: Glasshouse Realty Group Show Phone

Listed By: Lorka Munoz-Daugherty Show Phone

Source: Exprealty

Added: Oct 5 Changed: Oct 16 Last Checked: Oct 16 at 1:55PM

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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 Glasshouse Realty Group

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Investment Insights

Based on property information with market context.

At 540 Grafton Ave, this 2,380-square-foot duplex contains two residences, each with 2 bedrooms and 1 bathroom. An architect-designed rehabilitation updated the electrical and plumbing systems, added two 200-amp electrical panels, and installed new HVAC, central air, and Pella windows. The work also includes new kitchens and baths, in-unit laundry, restored hardwood floors, insulation, foundation wall repairs, and a sump pump. Exterior repairs, fresh paint, and porch improvements are also part of the renovation.

The property sits within the Grafton-Rockwood-Wroe Historic District. An application is in process for a 15-year tax abatement on improvements.

Key Highlights

• Two residences, each configured with 2 bedrooms and 1 bathroom
• 2,380 square feet
• Two new 200‑amp electrical panels, new wiring, plumbing, HVAC, and central air

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,502

Cap Rate

8.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$510,040 $510.0K

Cap Rate 7%

$364,314 $364.3K

Cap Rate 9%

$283,356 $283.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,380 SF

Gross rent

$38.6K $16.20/SF

− Vacancy

−$2.1K −$0.89/SF

EGI

$36.4K $15.31/SF

− OpEx

−$10.9K −$4.59/SF

NOI

$25.5K $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%

$510,040

Cap Rate 7%

$364,314

Cap Rate 9%

$283,356

Alternative Uses

Best Use

Multifamily LT 5

$364.3K

$318.8K – $425.0K (±1% cap)

NOI $25,502 @ 7.0% cap · market cap 8.79%

Second Best

Apartment 5plus

$334.0K

$292.2K – $389.7K (±1% cap)

NOI $23,379 @ 7.0% cap · market cap 8.06%

Theoretical Best

Office A

$507.2K

$443.8K – $591.8K (±1% cap)

NOI $35,506 @ 7.0% cap · market cap 12.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Restaurant Food Market (Bike/Boat/Book/etc) Store Barber Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

706

Businesses Nearby

Explore this area Business Placement

Demographics for 45406, OH

20,622

Population

10,695

Households

1.9

Avg Household Size

39

Median Age

21%

College-Educated

88%

High-School Grad

5.0 sq mi

ZIP Area

4,124

Density / Sq Mi

$43,241

Median Household Income

$35,344

Median Earnings

$879

Median Rent

$82,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences feature updated kitchens and baths, in-unit laundry, and central air conditioning.

Where is this duplex located?

The property is located at 540 Grafton Ave Dayton, OH.

What is the asking price?

The asking price for this property is $290,000.

What are key features of this property?

This property features: Two residences, each configured with 2 bedrooms and 1 bathroom; 2,380 square feet; Two new 200‑amp electrical panels, new wiring, plumbing, HVAC, and central air