4-Unit Brick
New
For Sale
$260,000
56 Fernwood Avenue, Dayton, OH 45405
Residential Income, Dayton, OH
Property Size2,300 SF
Lot Size0.12 Acres
Price / SF$113.04
Days on Market3
Property Features for 56 Fernwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Vinyl Frames
High school district
Dayton City SD
Directions
75 fwy north, Main St north, Fernwood Right (East)
Subdivision
Montgomery-E30
Standard status
Active
APN
R72063100035
Size
2,300 SF
Lot size
0.12 Acres
Utilities
Heating system
Forced Air
Building Details
Year built
1960
Number of units
4
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Home Connections · United Real Estate
Listed By:
Kamal Istaphanous
(513) 212-6964
Added: Oct 3
Last Checked: Oct 5 at 8:06PM
MLS# 1896106
Copyright © 2026 MLS of Greater Cincinnati, Inc. 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 2,300-square-foot quadplex contains four one-bedroom, one-bathroom apartments. Built in 1960, the building has brick and vinyl siding, a composition roof, and forced-air heating. The property occupies a 0.1236-acre lot at 56 Fernwood Avenue in Dayton, Ohio.
The address is in ZIP code 45405, within Montgomery County.
The address is in ZIP code 45405, within Montgomery County.
Key Highlights
- Four apartments, each with 1 bedroom and 1 bathroom
- 2,300 square feet of building area on 0.1236 acres
- 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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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
View Realmo Analytics
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 apartments provide a compact residential rental configuration in Dayton.
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 apartments, each with 1 bedroom and 1 bathroom; 2,300 square feet of building area on 0.1236 acres; Built in 1960
