4-Unit Apartment
New
For Sale
$260,000
56 Fernwood Avenue, Dayton, OH 45405
Four one-bedroom residences are arranged within a compact income-producing property.
Property Size2,300 SF
Price / SF$113.04
Days on Market2
Property Features for 56 Fernwood Avenue
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Year Built
1960
Listing Agency:
Sue Boone Realty, Inc., Hillsb (937-393-0070)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Oct 4
Last Checked: Oct 4 at 2:33PM
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 Sue Boone Realty, Inc., Hillsb (937-393-0070)
Investment Insights
Based on property information with market context.
This 1960 multifamily building contains four one-bedroom, one-bathroom units across 2,300 square feet. The property offers a compact residential configuration for a multifamily owner or operator.
The building is at 56 Fernwood Avenue in Dayton, Ohio, within the 45405 area. Its location is described as near downtown, schools, neighborhood amenities, and major transit routes.
The building is at 56 Fernwood Avenue in Dayton, Ohio, within the 45405 area. Its location is described as near downtown, schools, neighborhood amenities, and major transit routes.
Key Highlights
- Four units, each with one bedroom and one bathroom
- 2,300 square feet of total building area
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,593
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,860
$451.9K
Cap Rate 7%
$322,757
$322.8K
Cap Rate 9%
$251,033
$251.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$43.6K $18.96/SF
− Vacancy
−$2.5K −$1.10/SF
EGI
$41.1K $17.86/SF
− OpEx
−$18.5K −$8.04/SF
NOI
$22.6K $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%
$451,860
Cap Rate 7%
$322,757
Cap Rate 9%
$251,033
Alternative Uses
Best Use
Multifamily LT 5
$352.1K
$308.1K – $410.8K
NOI $24,645 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$322.8K
$282.4K – $376.6K
NOI $22,593 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,312 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
268
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences are arranged within a compact income-producing property.
Where is this quadplex located?
The property is located at 56 Fernwood Avenue Dayton, OH.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Four units, each with one bedroom and one bathroom; 2,300 square feet of total building area; Built in 1960
