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115 E Norman Ave

Dayton OH 45405

1
1
4176 sq. ft.
6970 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

1 bedroom
1 bathroom
4176 sq. ft. floor area
6970 sq. ft. lot size
Multi-Family

Property history for 115 E Norman Ave

2025
Sold
$190,000
02 Sep 2025 by Kristine Wights, of Luma Realty
2024
Sold
$210,000
09 Dec 2024 by Todd Broomhall, of Keller Williams Home Town Rlty
2021
Sold
$110,000
21 May 2021 by Kim Williams, of Howard Hanna Real Estate Serv

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Local market activity for 1 bedroom multi families in Dayton

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