151, Grove, Avenue, Dayton, OH, 45404
151, Grove, Avenue, Dayton, OH, 45404Location Details
- County Or Parish: Montgomery
- School District: Dayton
- Zoning: Residential
Property Details
- Lot Dimensions: 99 x 126
- Parcel Number: R72-05209-0026
- Construction Type: Brick
- Subdivision Name: City/Dayton Rev
- Distressed Property: None
- Transaction Type: Sale
Property Features
- Outside Features: Partial Fence,Porch, Partial Fence,Porch
- Inside Features: Smoke Alarm(s)
- Utilities: 220 Volt Outlet,Natural Gas,Public Water,Sanitary Sewer
- Appliances: Range,Refrigerator
- Basement: Full,Unfinished,Walkout
- Heating: Forced Air,Natural Gas
- Cooling: Central
- Kitchen Features: Laminate Counters,Remodeled
- Garage: None
Miscellaneous
- Taxes Semi Annual: 5595.50
- Assessments: na
Basics
- Baths Full: 1
- Baths Half: 0
- Date added: Added 1 day ago
- Acres: 0.2900
- Listing Contract Date: 2026-09-16
- Category: Multi-Family
- Type: 5+ Units
- Status: Active
- Bedrooms: 3
- Bathrooms: 1.00
- Area: 12606 sq ft
- Lot size: 12632 sq ft
- Year built: 1900
- MLS ID: 969165
Courtesy of
- Office Name: RE/MAX Real Estate Specialists
- Agent Name: Philip L Herman
- Agent Email: Phil@philherman.com
- Agent Phone: (937) 305-4838
Description
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Description:
OUTSTANDING INVESTMENT OPPORTUNITY! Brick two-story seven-unit multifamily property featuring seven spacious three-bedroom, one-bath townhouse apartments, each with a private exterior entrance. Current gross rental income is $6,875 per month, or $82,500 annually, providing an attractive existing income stream with potential for continued growth. Over half of the units have been remodeled in recent years, with rents as high as $1,075/month, offering investors a strong combination of current cash flow and future upside. Individual rents range from $925 to $1,075/month. Tenants pay electric and gas; owner pays water, sewer and trash. Full unfinished walkout basement provides excellent storage potential and access to the rear yard and parking. Additional off-street parking is available. Three-bedroom townhouse apartments offer strong tenant appeal and rental demand in this location. Conveniently situated in Old North Dayton, just minutes from downtown Dayton and Dayton Children's Hospital. A compelling opportunity for investors seeking established rental income, desirable unit layouts and value-add potential.
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*note: operating expences and NOI are averages estimated over 12 months based on some of the first 6 months performance of 2026 and do not include professional management fees or capital improvements such as remodeling of unit expences or some variable expences.

