Active

14-20 Mello Avenue

Dayton, OH 45410

$575,000 $2,424/Mo

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Overview

Bed

Bath

4,500

Sqft(Lot)

Description

***Recent Refurbished unit (December 2025)*** Turnkey 7-Unit Multifamily | Steps from University of Dayton | Fully Leased Income Stream 14–20 Mello Avenue Dayton, OH 45410 Acquire a fully leased seven-unit multifamily property in one of Dayton’s most sought-after rental corridors. Just steps from the University of Dayton (UD), this turnkey building pairs immediate cash flow with brand-new capital improvements, including a new roof installed Summer 2025 creating years of low-maintenance ownership. Property Highlights • Five 2BR/1BA apartments • Two 1BR/1BA apartments • Dedicated off-street parking for seven vehicles plus ample street parking • Well-maintained common areas and mechanicals. Location Advantages • Prime Access: Walk to UD’s academic core, athletics, and stud ent services • Parking Advantage: Private rear lot, rarely available near campus • High Demand: UD proximity drives exceptional occupancy and rent resilience. Investor Takeaway Opportunities of this caliber near the University of Dayton are scarce and tightly held. Whether you’re expanding a portfolio or entering Dayton’s multifamily market, this property offers a rare chance to own a high-demand asset in a proven, supply-constrained location.

Property Details

Property Type : Residential Income

Price : $575,000

AD Id : 78742498

MLS Id : 959231

Beds : 12

Lot Size : 4,500 Sqft

Year Built : 1972

County : Montgomery

Subdivision: Rural Tract (no Subd)

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 12

Bathroom Information

Total Baths: 7 Full Baths: 7
Interior Features

High Speed Internet Appliances: Dishwasher, Range, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Baseboard Has Cooling: Yes Cooling: Wall Unit(s)

Building Information

Year Built: 1972 Construction Materials: Aluminum Siding, Brick Patio And Porch Features: Patio Private Pool: No
Exterior Features

Exterior Features: Balcony

Lot Information

Lot Dimensions: 77 x 120 Main Square Feet: 4500 Square Feet Lot Size Acres: 0.1033 Lot Size Source: Assessor Lot Size Square Feet: 4500

Property Information

Subdivision: Fort Mckinley Source Property Type: Residential Income Postal Code Plus 4: 2184 Zoning Description: Residential Property SubType: Multi Family Property Age: 54

Listing Price Information

Listing Price: $575000 Original Price: $600000 Conventional

Tax Information

Parcel Number: R72-03307-0020 Tax Legal Desc: 26335

Parking Information

No Garage, Parking Lot, On Street

Utility Information

Natural Gas Available, Sewer Available, Water Available, Cable Available
Location Information

WaterSource: Public Security Features: Smoke Detector(s)

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Nearby Home Value

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2005 Wayne Avenue, Dayton, OH, 45410	$375,000	8	8	3,800	3,800 SqFt
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553 Wyoming Street, Dayton, OH, 45410	$220,000	4	2	2,192	2,192 SqFt
361 Park Drive, Dayton, OH, 45410	$230,000	6	2	2,896	2,896 SqFt
1214 Wayne Avenue #1216, Dayton, OH, 45410	$304,900	4	4	2,724	2,724 SqFt

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ByOwner last updated this listing 06/10/2026 @ 10:40

MLS: 959231 LISTED BY: Stephen Payne, Keller Williams Community Part 937-530-4904 SOURCE: Dayton REALTORS