Under Contract

138 E 3rd Street

Dayton, OH 45402
Mark as Favorite
Bed 4

Bed

Bath 4

Bath

SqFt7,144

Sqft

SqFt1,873

Sqft(Lot)

Rare opportunity to acquire a historic mixed-use redevelopment property in one of Downtown Dayton’s fastest-growing districts. Built circa 1865, this property is one of the few buildings to survive both the Great Dayton Flood and the East Third Street fire of 1913, offering authentic historic character that cannot be replicated. Located in the emerging Fire Blocks District, this property is surrounded by new restaurants, renovated residential buildings, and continued private investment, positioning it for strong long-term appreciation and redevelopment potential. Approximately 6,000 square feet total (about 2,000 sq ft per level) plus a full basement. Open layouts on all floors allow multiple redevelopment strategies including: • Mixed-use retail + residential conversion • 4–6 apartment un it potential (buyer to verify) • Luxury loft redevelopment • Creative office or live/work spaces • Boutique commercial redevelopment • Long-term hold investment Concept plans available showing potential mixed-use configuration. Upper floors feature exposed brick, tall ceilings, industrial architectural details, and original structural character ideal for adaptive reuse. Property has been cleared out with partial demolition completed, reducing early redevelopment costs. This is a true blank slate redevelopment opportunity for experienced investors or developers looking to add value through renovation and repositioning. Building will require full mechanical updates. Utilities have been inactive for several years. Sold as-is. Buyer responsible for all inspections, zoning verification, tax abatements, and redevelopment approvals. Must close with M&M Title Agency (details available from listing agent). Opportunities like this rarely come available in Downtown Dayton’s redevelopment corridor. Ideal for investors seeking a historic repositioning project with strong upside potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $225,000

AD Id : 67279064

MLS Id : 944969

Beds : 4

Lot Size : 1,873 Sqft

Living Area Size : 7,144

Year Built : 1865

County : Montgomery

Subdivision: Hillcrest

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Has Basement: Yes Basement: Full, Unfinished
  • Heating & Cooling

    Has Heating: Yes Heating: Other Cooling: None

  • Building Information

    Year Built: 1865 Building Area Total: 7144 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Dimensions: 20x100 Main Square Feet: 1873 Square Feet Lot Size Acres: 0.043 Lot Size Source: Assessor Lot Size Square Feet: 1873

    Property Information

    Subdivision: East Third St Source Property Type: Residential Income Postal Code Plus 4: 2130 Zoning Description: Commercial,Multiple Property SubType: Multi Family Property Age: 161

  • Listing Price Information

    Listing Price: $225000 Original Price: $350000 Conventional

  • Tax Information

    Parcel Number: R72-00508-0015 Tax Legal Desc: 149 PT

  • Parking Information

    No Garage, On Street

  • Utility Information

    Natural Gas Available, Water Available
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
223 225 Edgewood Ave, Dayton, OH, 45402 $175,000 4 3 --
157 Lexington Avenue, Dayton, OH, 45402 $117,000 10 5 3,206 3,206 SqFt
1234 Kumler Avenue #1234, Dayton, OH, 45402 $225,000 4 4 5,484 5,484 SqFt
2929 Hoover Avenue, Dayton, OH, 45402 $879,900 15 15 4,444 4,444 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Dayton REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Dayton REALTORS®. All rights reserved.

ByOwner last updated this listing 06/04/2026 @ 06:17

MLS: 944969 LISTED BY: Ruby Annie Newbourn, Unity Real Estate 937-275-2020 SOURCE: Dayton REALTORS

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