Mixed-Use Building with
New
For Sale
$949,000
7045-7049 Montgomery Road, Silverton, OH 45236
ResidentialIncome, Silverton, OH
Property Size9,528 SF
Lot Size0.25 Acres
Price / SF$99.60
Days on Market1
Property Features for 7045-7049 Montgomery Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Bedrooms
10
Bathrooms
9
Full bathrooms
7
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 3, Basement, Bathroom 2, Bathroom 8, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 9, Bathroom 5, Bedroom 6, Bedroom 4, Bedroom 10, Bathroom 6, Bathroom 7
Parking features
Garage
Subdivision
H E Brown 1st Sub
Elementary school district
Cincinnati
Middle school district
Cincinnati
High school district
Cincinnati
Standard status
Active
APN
602-0001-0340-00
Size
9,528 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
7045 MONTGOMERY 54.99X140 IR LOT 1-2 PT 3 JOSIAH E BROWN 1ST SUB PAR 340 THRU 345 CON
Legal Description
7045 MONTGOMERY 54.99X140 IR LOT 1-2 PT 3 JOSIAH E BROWN 1ST SUB PAR 340 THRU 345 CON
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
coin laundry
Building Details
Year built
1900
Floors in Building
3
Number of units
7
Building materials
Brick
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Andy Willoughby
(937) 470-8195
Added: Oct 15
Last Checked: Oct 15 at 8:06PM
MLS# 971136
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.
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Investment Insights
Based on property information with market context.
This 9,528-square-foot mixed-use property combines seven apartments with two retail storefronts in a brick building constructed in 1900. The apartment mix includes three one-bedroom units, three two-bedroom units, and one three-bedroom unit. A full basement contains coin-operated laundry, and each unit has its own gas and electric meter. Recent improvements include a replacement roof with a transferable warranty and new flooring in the common areas.
The 0.25-acre property has 13 parking spaces and garage parking. A public bus stop is across the street, with a crosswalk to the building. Kenwood Mall and I-71 are both approximately 1.5 miles away. The apartments and storefronts are fully leased.
The 0.25-acre property has 13 parking spaces and garage parking. A public bus stop is across the street, with a crosswalk to the building. Kenwood Mall and I-71 are both approximately 1.5 miles away. The apartments and storefronts are fully leased.
Key Highlights
- 7 apartments: three 1‑bedroom, three 2‑bedroom, and one 3‑bedroom unit
- Two retail storefronts in a 9,528‑square‑foot mixed‑use building
- Fully leased apartments and retail spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,253
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,645,060
$1.6M
Cap Rate 7%
$1,175,043
$1.2M
Cap Rate 9%
$913,922
$913.9K
Market Conditions
NOI Build-Up for 9,528 SF
Gross rent
$158.9K $16.68/SF
− Vacancy
−$9.4K −$0.98/SF
EGI
$149.6K $15.70/SF
− OpEx
−$67.3K −$7.06/SF
NOI
$82.3K $8.63/SF
Area
Hamilton County, OH
Vacancy
5.90%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,645,060
Cap Rate 7%
$1,175,043
Cap Rate 9%
$913,922
Alternative Uses
Best Use
Mixed Use
$1.58M
$1.38M – $1.85M
NOI $110,792 @ 7.0% cap · market cap 11.67%
Second Best
Retail
$1.46M
$1.28M – $1.71M
NOI $102,429 @ 7.0% cap · market cap 10.79%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,573 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 45236, OH
24,223
Population
12,385
Households
2
Avg Household Size
41
Median Age
51%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
3,511
Density / Sq Mi
$81,990
Median Household Income
$49,188
Median Earnings
$1,155
Median Rent
$218,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven apartments and two retail spaces are fully leased, with separate gas and electric meters for each unit.
Where is this mixed-use property located?
The property is located at 7045-7049 Montgomery Road Silverton, OH.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 7 apartments: three 1‑bedroom, three 2‑bedroom, and one 3‑bedroom unit; Two retail storefronts in a 9,528‑square‑foot mixed‑use building; Fully leased apartments and retail spaces
