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2615 N Gettysburg Ave 5 Unit Apartment Building $299,900 ($59,980/Unit) 10.25% Cap Rate Dayton, OH 45406
INVESTMENT HIGHLIGHTS
- Fully occupied 5-unit apartment building providing immediate and consistent in-place cash flow.
- Individual electric panels and well-maintained mechanicals help limit near-term capital expenses.
- Upside through rent growth and efficient management without major renovations.
- Five separate income streams reduce vacancy risk compared to smaller multifamily assets.
- Located in an established Dayton workforce-housing submarket with strong small-multifamily investor demand.
EXECUTIVE SUMMARY
This 5-unit apartment building provides steady in-place income with five separate rent streams and is currently fully occupied, offering investors immediate and consistent cash flow. The diversified unit mix helps reduce vacancy risk compared to smaller multifamily properties, while the manageable size makes the asset easy to operate and track financially. This property is well suited for buy-and-hold investors, first-time multifamily buyers, or 1031 exchange purchasers seeking reliable income.
From an operations standpoint, the property shows well-maintained core systems, including individual electrical panels for each unit, multiple Goodman gas furnaces, and a modern Rheem water heater, helping limit near-term capital expenses. With solid mechanicals in place, the focus remains on income stability and operational efficiency, allowing more of the rental revenue to flow to the bottom line. The property offers cash-flow-first performance today, with additional upside potential through rent growth and continued efficient management.
From an operations standpoint, the property shows well-maintained core systems, including individual electrical panels for each unit, multiple Goodman gas furnaces, and a modern Rheem water heater, helping limit near-term capital expenses. With solid mechanicals in place, the focus remains on income stability and operational efficiency, allowing more of the rental revenue to flow to the bottom line. The property offers cash-flow-first performance today, with additional upside potential through rent growth and continued efficient management.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
| Price | $299,900 | Apartment Style | Low-Rise |
| Price Per Unit | $59,980 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 10.25% | Building Size | 3,490 SF |
| Gross Rent Multiplier | 6.99 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Zoning | Multi Family - Multifamily | ||
| Price | $299,900 |
| Price Per Unit | $59,980 |
| Sale Type | Investment |
| Cap Rate | 10.25% |
| Gross Rent Multiplier | 6.99 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,490 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | Multi Family - Multifamily |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $712.50 | - |
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PROPERTY TAXES
| Parcel Number | R72-16008-0003 | Improvements Assessment | $33,780 |
| Land Assessment | $8,510 | Total Assessment | $42,290 |
PROPERTY TAXES
Parcel Number
R72-16008-0003
Land Assessment
$8,510
Improvements Assessment
$33,780
Total Assessment
$42,290
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2615 N Gettysburg Ave
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