902 3rd Avenue, Dayton, KY 41074

Building Details

Buildings 1 More

Listing Agency: Blue Chicken Realty B**@bluechickenrealty.com

Listed By: Elizabeth Rossi Show Phone

Source: Exprealty

Added: Oct 28 Changed: Nov 4 Last Checked: Nov 6 at 1:05PM

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Investment Insights

Based on property information with market context.

At 902 3rd Avenue in Dayton, this 3,660-square-foot multifamily building contains five occupied apartments. The unit mix includes one three-bedroom, one-bath apartment; three two-bedroom, one-bath apartments; and one one-bedroom, one-bath apartment.

The property is in Dayton, Kentucky, with access to shopping, dining, employment centers, and major roadways. The remarks also identify proximity to the River Cities and downtown Cincinnati.

Key Highlights

• Five occupied apartments in a 3,660‑square‑foot building
• Unit mix: one 3‑bedroom, one‑bath apartment; three 2‑bedroom, one‑bath apartments; one 1‑bedroom, one‑bath apartment
• Located at 902 3rd Avenue in Dayton, Kentucky

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,402

Cap Rate

5.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$608,040 $608.0K

Cap Rate 7%

$434,314 $434.3K

Cap Rate 9%

$337,800 $337.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,660 SF

Gross rent

$60.6K $16.56/SF

− Vacancy

−$5.3K −$1.46/SF

EGI

$55.3K $15.10/SF

− OpEx

−$24.9K −$6.80/SF

NOI

$30.4K $8.31/SF

Area

Campbell County, KY

Vacancy

8.80%

Lease Rate

$16.56 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$608,040

Cap Rate 7%

$434,314

Cap Rate 9%

$337,800

Alternative Uses

Best Use

Apartment 5plus

$434.3K

$380.0K – $506.7K (±1% cap)

NOI $30,402 @ 7.0% cap · market cap 5.63%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.00M

$878.4K – $1.17M (±1% cap)

NOI $70,272 @ 7.0% cap · market cap 13.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

5

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

406

Businesses Nearby

Explore this area Business Placement

Demographics for 41074, KY

5,703

Population

2,699

Households

2.1

Avg Household Size

38

Median Age

24%

College-Educated

90%

High-School Grad

1.5 sq mi

ZIP Area

3,802

Density / Sq Mi

$62,500

Median Household Income

$37,216

Median Earnings

$1,086

Median Rent

$144,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - The fully occupied property combines five apartments with a mix of one-, two-, and three-bedroom layouts.

Where is this apartment building located?

The property is located at 902 3rd Avenue Dayton, KY.

What is the asking price?

The asking price for this property is $540,000.

What are key features of this property?

This property features: Five occupied apartments in a 3,660‑square‑foot building; Unit mix: one 3‑bedroom, one‑bath apartment; three 2‑bedroom, one‑bath apartments; one 1‑bedroom, one‑bath apartment; Located at 902 3rd Avenue in Dayton, Kentucky