488 N Jay Street
West Milton, OH 45383
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Bed
0
Bath
0.29Acre(Lot)
488 N Jay is a fully occupied four-unit building offered together with the adjacent 490 N Jay as an eight-unit package. The buildings are being sold as one transaction and will not be divided. All four units are leased, producing $3,700 per month / $44,400 annually in gross scheduled rent. Combined with 490 N Jay, the package produces $85,800 annually with a net operating income of $73,920 on current actuals. Owner-paid expenses across both buildings total $11,880 and are limited to insurance, taxes, landscaping, lawn treatment, trash, and repairs. Tenants pay all utilities except trash, which is served by a shared dumpster covering both properties. Expense figures do not include vacancy, management, capital reserves, or debt service. Unit 3 has been renovated and leases at $1,100 pe
Property Details
Map
Map
What's Nearby
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Features
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Heating & Cooling
Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1963 Construction Materials: Block, Brick, Vinyl Siding Private Pool: No
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Lot Information
Main Square Feet: 0.29 Lot Size Acres: 0.29 Lot Size Square Feet: 12632.4
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Listing Price Information
Listing Price: $425000 Original Price: $445000 Conventional
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Tax Information
Parcel Number: L39011630 Tax Year: 2024 Annual Tax: $1385
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Utility Information
Natural Gas Available, Water Available, Sewer Available, Electricity Available -
Location Information
WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4411 S Kessler Frederic.., West Milton, OH, 45383 | $438,900 | 9 | 4 | 4,239 | 4,239 SqFt |
| 5640 Horseshoe Bend Road, West Milton, OH, 45383 | $900,000 | 5 | 5 | 4,554 | 4,554 SqFt |
| 40 Kelly Court, West Milton, OH, 45383 | $320,000 | 4 | 3 | 2,200 | 2,200 SqFt |
| 230 Cedar Drive, West Milton, OH, 45383 | $209,900 | 3 | 2 | 1,579 | 1,579 SqFt |
| 161 Rachel Ann Boulevard, West Milton, OH, 45383 | $324,900 | 4 | 3 | 1,920 | 1,920 SqFt |
| 161 Rachel Ann Boulevard, West Milton, OH, 45383 | $324,900 | 4 | 3 | 1,920 | 1,920 SqFt |
| 1116 Larrel Lane, West Milton, OH, 45383 | $212,000 | 3 | 2 | 1,140 | 1,140 SqFt |
| 143 W Emerick Road, West Milton, OH, 45383 | $174,900 | 3 | 1 | 1,214 | 1,214 SqFt |
| 646 S Miami Street, West Milton, OH, 45383 | $200,000 | 3 | 1 | 1,048 | 1,048 SqFt |
| 585 S Main Street, West Milton, OH, 45383 | $239,900 | 3 | 1 | 1,425 | 1,425 SqFt |
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ByOwner last updated this listing 08/15/2026 @ 19:46
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