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4840 Springfield St
Dayton, OH 45431
100% Occupied | 8 Unit Multi-Family · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Turnkey Investment Opportunity
- Outstanding Rental Market (Workforce, University, Military)
- Recent Renovations
Executive Summary
Cash Flowing | Turnkey 8-Unit Multifamily Investment Opportunity | NOI $42,213
Property Overview
Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades.
Interior & Exterior
7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units
Financial Snapshot
One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $72,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P&L available upon request- Upside potential in rents & final renovation
Location Advantages
Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing
Investment Summary
4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation.
Contact
Pat Williams | Coldwell Banker Commercial | Heritage
937.360.9952 | patrick.williams@cbcommercial-heritage.com
Property Overview
Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades.
Interior & Exterior
7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units
Financial Snapshot
One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $72,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P&L available upon request- Upside potential in rents & final renovation
Location Advantages
Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing
Investment Summary
4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation.
Contact
Pat Williams | Coldwell Banker Commercial | Heritage
937.360.9952 | patrick.williams@cbcommercial-heritage.com
Property Facts
| Price Per Unit | $61,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.90 AC |
| Cap Rate | 8.53% | Building Size | 5,332 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1970/2022 |
| Apartment Style | Low-Rise | ||
| Zoning | R-7 - Medium-density residential district | ||
| Price Per Unit | $61,875 |
| Sale Type | Investment |
| Cap Rate | 8.53% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.90 AC |
| Building Size | 5,332 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2022 |
| Zoning | R-7 - Medium-density residential district |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $118,520 | |
| Land Assessment | $46,200 | Total Assessment | $164,720 |
Property Taxes
Parcel Numbers
Land Assessment
$46,200
Improvements Assessment
$118,520
Total Assessment
$164,720
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