Brick Duplex With Attached
For Sale
$300,000
Pending
7620 Forest Green Ct, Dayton, OH 45414
Fully occupied duplex with two-bedroom units, private primary suites, covered patios, and attached garages with workshop storage.
Property Size2,556 SF
Days on Market14
Property Features for 7620 Forest Green Ct
General Information
Standard status
Pending
Size
2,556 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
covered patio
Building Details
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Alliance Realty
(937) 559-6661
Listed By:
Jeffrey T Roberts · License #386681
(937) 559-6661
Source:
Exprealty
Added: Jul 29
Changed: Aug 10
Last Checked: Aug 10 at 9:46AM
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 RE/MAX Alliance Realty
Investment Insights
Based on property information with market context.
This 2,556-square-foot brick duplex includes two residential units, each with two bedrooms, a large primary suite with double closets and a private bath, formal dining, family and living areas, updated bathrooms, concealed laundry, and an attached two-car garage with workshop or storage space. Covered rear patios, ceramic entry areas, Pella patio doors, dimensional roofing, vinyl soffits, storm doors, and insulated garage doors add to the physical improvements. Both units have neutral interiors, new refrigerators installed in 2024, and furnaces approximately 10 years old. Unit 7622 received new carpeting in 2024, while unit 7620 received a new dishwasher in 2025.
The property is located at 7620 Forest Green Ct in Dayton, Ohio, on a cul-de-sac with access to Dayton International Airport, I-70, I-75, and Butler Township conveniences. Both units are fully occupied, and showings require 24 hours’ notice.
The property is located at 7620 Forest Green Ct in Dayton, Ohio, on a cul-de-sac with access to Dayton International Airport, I-70, I-75, and Butler Township conveniences. Both units are fully occupied, and showings require 24 hours’ notice.
Key Highlights
- 2,556‑square‑foot duplex with two residential units
- Each unit includes 2 bedrooms, a private primary bath, formal dining, family room, laundry, and attached 2‑car garage
- Brick exterior with dimensional roofing, vinyl soffits, Pella patio doors, and covered rear patios
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
$27,388
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
9.13%
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%
$547,760
$547.8K
Cap Rate 7%
$391,257
$391.3K
Cap Rate 9%
$304,311
$304.3K
Market Conditions
NOI Build-Up for 2,556 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
$41.4K $16.20/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$39.1K $15.31/SF
− OpEx
−$11.7K −$4.59/SF
NOI
$27.4K $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%
$547,760
Cap Rate 7%
$391,257
Cap Rate 9%
$304,311
Alternative Uses
Best Use
Multifamily LT 5
$391.3K
$342.4K – $456.5K
NOI $27,388 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$358.7K
$313.9K – $418.5K
NOI $25,108 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$544.7K
$476.6K – $635.5K
NOI $38,131 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 45414, OH
20,693
Population
10,283
Households
2
Avg Household Size
42
Median Age
26%
College-Educated
88%
High-School Grad
21.8 sq mi
ZIP Area
949
Density / Sq Mi
$53,824
Median Household Income
$40,629
Median Earnings
$867
Median Rent
$163,200
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 - Fully occupied duplex with two-bedroom units, private primary suites, covered patios, and attached garages with workshop storage.
Where is this duplex located?
The property is located at 7620 Forest Green Ct Dayton, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,556‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms, a private primary bath, formal dining, family room, laundry, and attached 2‑car garage; Brick exterior with dimensional roofing, vinyl soffits, Pella patio doors, and covered rear patios
