Property photo 1
Property photo 2
1 Bed
1 Bath
4,176 sqft

$237,900

115 E Norman Avenue, Dayton OH, 45405

Price per sqft$56.97
Built in1950
Property size4,176 sqft
Property typeMulti-family

Overview

Active

Listed Oct 7, 2026

Updated 2 days ago

Excellent investment opportunity! Full-brick, two-story four-family property built in 1950 offering 4,176 square feet and four 1-bedroom apartments, all currently leased at $750/month. Gross rental income is $36,000 annually, providing immediate income from day one. Units 3 and 4 have been recently updated and remodeled, representing approximately $14,500 in seller capital improvements. Tenants pay electric and trash; owner pays property taxes, water, lawn care and snow removal. Annual property taxes are approximately $3,332. Full basement with glass-block windows. Rear parking plus additional off-street parking. Convenient Norman Avenue location with easy access to I-75, downtown Dayton, University of Dayton, hospitals, dining and entertainment. Approximately one mile to I-75 and downtown. Solid value for an investor seeking an income-producing multifamily property with all four units already occupied. *expences listed include property taxes plus some expences, not all expences, waiting to receive total expences and breakdown of expences to arrive at a total expence and accurate NOI.

$1,583/mo

Est. mortgage payment based on a $237,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
970536

Interior Features

Bedrooms
1
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.16 Acres
MLS provider logo

Courtesy of Philip L Herman with RE/MAX Real Estate Specialists
Listing Contact: (937) 436-9900 

Based on information from Dayton Area Board of REALTORS® as of 10/21/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. 

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