151 Grove Avenue, Dayton, Ohio image 1
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151 Grove Avenue

Dayton, OH 45404
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$514,999 $2,171/Mo
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Bed 3

Bed

Bath 1

Bath

SqFt12,606

Sqft

SqFt12,632

Sqft(Lot)

OUTSTANDING INVESTMENT OPPORTUNITY! Brick two-story seven-unit multifamily property featuring seven spacious three-bedroom, one-bath townhouse apartments, each with a private exterior entrance. Current gross rental income is $6,875 per month, or $82,500 annually, providing an attractive existing income stream with potential for continued growth. Over half of the units have been remodeled in recent years, with rents as high as $1,075/month, offering investors a strong combination of current cash flow and future upside. Individual rents range from $925 to $1,075/month. Tenants pay electric and gas; owner pays water, sewer and trash. Full unfinished walkout basement provides excellent storage potential and access to the rear yard and parking. Additional off-street parking is available. Three- bedroom townhouse apartments offer strong tenant appeal and rental demand in this location. Conveniently situated in Old North Dayton, just minutes from downtown Dayton and Dayton Children's Hospital. A compelling opportunity for investors seeking established rental income, desirable unit layouts and value-add potential. *note: operating expences and NOI are averages estimated over 12 months based on some of the first 6 months performance of 2026 and do not include professional management fees or capital improvements such as remodeling of unit expences or some variable expences.

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Detail Ic Property Details

Property Type : Residential Income

Price : $514,999

AD Id : 91349966

MLS Id : 969165

Beds : 3

Lot Size : 12,632 Sq. Ft

Living Area Size : 12,606 Sq. Ft

Year Built : 1900

County : Montgomery

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Has Basement: Yes Basement: Full, Unfinished, Walk-Out Access

  • Interior Features

    Laminate Counters Appliances: Range, Refrigerator

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1900 Building Area Total: 12606 Construction Materials: Brick Patio And Porch Features: Porch Private Pool: No

  • Lot Information

    Lot Dimensions: 99 x 126 Main Square Feet: 12632 Square Feet Lot Size Acres: 0.29 Lot Size Source: Assessor Lot Size Square Feet: 12632

    Property Information

    Subdivision: City/Dayton Rev Source Property Type: Residential Income Postal Code Plus 4: 1932 Zoning Description: Residential Property SubType: Multi Family Property Age: 126

  • Listing Price Information

    Listing Price: $514999

  • Tax Information

    Parcel Number: R72-05209-0026 Tax Legal Desc: 17753-54-55 52-9-28,52-9-27

  • Parking Information

    No Garage

  • Utility Information

    Natural Gas Available, Sewer Available, Water Available

  • Location Information

    WaterSource: Public Security Features: Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
159 Alton Avenue #157, Dayton, OH, 45404 $155,000 4 2 2,082 4,643 Sq. Ft
7 Grove Avenue, Dayton, OH, 45404 $125,000 3 2 1,780 0.10 Acre
7 Grove Avenue, Dayton, OH, 45404 $125,000 3 2 1,780 4,452 Sq. Ft
440 Maryland Avenue, Dayton, OH, 45404 $150,000 12 10 14,238 19,907 Sq. Ft
445 Hunter Avenue, Dayton, OH, 45404 $475,000 12 7 4,560 18,295 Sq. Ft
636 Hillrose Avenue, Dayton, OH, 45404 $229,900 4 4 2,376 2,757 Sq. Ft

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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 09/21/2026 @ 00:12

MLS: 969165 LISTED BY: Philip Herman, RE/MAX Real Estate Specialists 937-436-9900 SOURCE: Dayton REALTORS

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