Furnished Duplex Near
For Sale
$775,000
61-63 Chambers St, Dayton, OH 45409
Two-unit residential property with updated flooring, furnishings, and in-unit laundry equipment.
Property Size2,132 SF
Price / SF$363.51
Days on Market9
Property Features for 61-63 Chambers St
General Information
Standard status
Active
Size
2,132 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Gross Income
$80,000
Multifamily Units
2
Amenities
washer and dryers
Building Details
Year Built
1918
Listing Agency:
Collins Real Estate Services
(937) 626-4181
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 29 at 2:29PM
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 Collins Real Estate Services
Investment Insights
Based on property information with market context.
This two-unit residential property was built in 1918 and contains 2,132 square feet. The offering is furnished and includes washers and dryers, supporting an established housing setup for occupants. Recent interior updates include luxury vinyl plank flooring and new carpet on the upper level.
The property is located two blocks from the University of Dayton campus, with eateries and shops within walking distance. Its proximity to campus and existing furnishings provide a clearly defined residential rental configuration.
The property is located two blocks from the University of Dayton campus, with eateries and shops within walking distance. Its proximity to campus and existing furnishings provide a clearly defined residential rental configuration.
Key Highlights
- Duplex containing 2,132 square feet
- Two blocks from the University of Dayton campus
- Furnished property with washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,845
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,900
$456.9K
Cap Rate 7%
$326,357
$326.4K
Cap Rate 9%
$253,833
$253.8K
Market Conditions
NOI Build-Up for 2,132 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.5K $16.20/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$32.6K $15.31/SF
− OpEx
−$9.8K −$4.59/SF
NOI
$22.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,900
Cap Rate 7%
$326,357
Cap Rate 9%
$253,833
Alternative Uses
Best Use
Multifamily LT 5
$326.4K
$285.6K – $380.8K
NOI $22,845 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$299.2K
$261.8K – $349.1K
NOI $20,943 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$454.4K
$397.6K – $530.1K
NOI $31,806 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,106
Businesses Nearby
Explore this area
Business Placement
Demographics for 45409, OH
12,392
Population
3,458
Households
3.6
Avg Household Size
25
Median Age
65%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
3,349
Density / Sq Mi
$84,000
Median Household Income
$7,054
Median Earnings
$1,055
Median Rent
$230,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with updated flooring, furnishings, and in-unit laundry equipment.
Where is this duplex located?
The property is located at 61-63 Chambers St Dayton, OH.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Duplex containing 2,132 square feet; Two blocks from the University of Dayton campus; Furnished property with washers and dryers
