Rare Investment Opportunity: Cash-Flowing 7-Unit Multi-family Townhouse Property in Old North Dayton
Investors—don’t miss this rare chance to add a stabilized, high-demand, cash-flowing asset to your portfolio! Located in the heart of Old North Dayton, this 7-unit townhouse-style rental property offers consistent income and long-term value.
Each unit is a spacious 3-bedroom, 1-bath, 1,150 sq ft townhouse with a full walkout basement. Four units have been fully remodeled in recent years, with rents reaching up to ~$1,000/month. Tenants cover electricity and gas, while the owner pays water, sewer, and trash—keeping overhead low and predictable.
This low-maintenance property has a proven rental history and strong tenant appeal. Townhouse-style units in this area are in high demand, thanks to their layout and location—just minutes from downtown Dayton and Dayton Children’s Hospital.
The out-of-town owner made long-term updates with the intention to hold the property indefinitely, but now needs to redirect focus to other obligations. This is your opportunity to step into a turnkey investment with immediate returns. Recent investments include tuck-pointing brickwork this year ($totaling 26,375). As a result, the net operating income this past year is skewed.
For sale
$629,999
151 Grove Ave #151, Dayton, OH 45404
21beds
12,606sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$50/sqft
$-- HOA
What's special
- 108 days |
- 320 |
- 14 |
Zillow last checked: 8 hours ago
Listing updated: August 29, 2025 at 04:34pm
Listed by:
Stephen S Payne (937)530-4904,
Keller Williams Community Part
Source: DABR MLS,MLS#: 942225
Originating MLS: Dayton Area Board of REALTORS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator
Features
- Laminate Counters, Remodeled
- Basement: Full,Unfinished,Walk-Out Access
Interior area
- Total structure area: 12,606
- Total interior livable area: 12,606 sqft
Property
Parking
- Parking features: No Garage, Parking Lot, Private, On Street
Features
- Patio & porch: Porch
- Exterior features: Fence, Porch
- Fencing: Partial
Lot
- Size: 0.29 Acres
- Dimensions: 99 x 126.5
Details
- Parcel number: R72052090026
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 1900
Utilities & green energy
- Water: Public
- Utilities for property: Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: City/Dayton Rev
Location
- Region: Dayton
Financial & listing details
- Price per square foot: $50/sqft
- Date on market: 8/29/2025
- Listing terms: Conventional
- Tenant pays: Electricity, Gas, Heat
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Listed for sale | $629,999-0.3%$50/sqft |
Source: | ||
| 5/20/2025 | Listing removed | $632,000$50/sqft |
Source: | ||
| 5/16/2025 | Price change | $632,000-0.2%$50/sqft |
Source: DABR MLS #924115 Report a problem | ||
| 4/22/2025 | Listed for sale | $633,000$50/sqft |
Source: | ||
| 3/12/2025 | Pending sale | $633,000$50/sqft |
Source: DABR MLS #924115 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$4,128/mo
Principal & interest
$3042
Property taxes
$866
Home insurance
$220
Climate risks
Neighborhood: Old North Dayton
Nearby schools
GreatSchools rating
- 4/10Kiser Elementary SchoolGrades: PK-6Distance: 0.5 mi
- 3/10Wright Brothers Pre-K-8 School @ GrantGrades: 7-8Distance: 2 mi
- 2/10Belmont High SchoolGrades: 7-12Distance: 2.8 mi
Schools provided by the listing agent
- District: Dayton
Source: DABR MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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