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670 High Street

Waynesville, OH 45068

$550,000 $2,318/Mo

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Overview

Bed

Bath

3,000

Sqft

6,373

Sqft(Lot)

Description

Rare Four-Unit Investment Opportunity in Highly Desirable Waynesville! 6.55% Current CAP • Approx. 8.80% Pro Forma CAP • Fully Occupied • New Roof (2026) • Tenants Pay All Utilities Rare opportunity to acquire a fully occupied four-unit apartment building in the highly desirable Waynesville rental market. Offering an approximate 6.55% current capitalization rate at the asking price, this property also presents exceptional upside through below-market rents. Current gross annual income is $47,640, while estimated market rents of approximately $1,250 per unit have the potential to increase annual gross income to approximately $60,000, resulting in an estimated 8.80% pro forma capitalization rate. Buyers should perform their own due diligence regarding projected rental income. Constructed in 1 966, this solid all-brick building features four spacious 2-bedroom, 1-bath apartments, each approximately 750-800 square feet. A unique floor plan offers two apartments on the first floor and two on the second floor, with separate stairways on each side providing convenient access and enhanced tenant privacy. Major capital improvements include a brand-new roof installed in June 2026, significantly reducing future capital expenditure. Tenants pay all utilities, including electric, water, sewer and trash, while lawn care and snow removal are currently handled by a tenant, creating a truly low-maintenance investment with minimal owner responsibilities. Multifamily opportunities in Waynesville are extremely limited. This property offers immediate cash flow, durable brick construction, low operating expenses, and outstanding long-term appreciation potential in one of Warren County's most desirable rental markets.

Property Details

Property Type : Residential Income

Price : $550,000

AD Id : 86478658

MLS Id : 962643

Beds : 8

Lot Size : 6,373 Sqft

Living Area Size : 3,000

Year Built : 1966

County : Warren

Subdivision: Highland Acre Homes

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 4 Full Baths: 4
Heating & Cooling

Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Window Unit(s)

Building Information

Year Built: 1966 Building Area Total: 3000 Construction Materials: Brick Patio And Porch Features: Deck, Porch Private Pool: No

Lot Information

Lot Dimensions: 75 x 85 Main Square Feet: 6373 Square Feet Lot Size Acres: 0.1463 Lot Size Source: Assessor Lot Size Square Feet: 6373

Property Information

Subdivision: Village/Waynesville Source Property Type: Residential Income Postal Code Plus 4: 9793 Zoning Description: Residential Property SubType: Multi Family Property Age: 60

Listing Price Information

Listing Price: $550000

Tax Information

Parcel Number: 09-06-127-009 Tax Legal Desc: 4 -4-6 .1463 AC.

Parking Information

No Garage, On Street

Utility Information

Sewer Available, Water Available
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
15 Route 42, Waynesville, OH, 45068	$300,000	3	3	1,800	1,800 SqFt
137 S Main Street, Waynesville, OH, 45068	$400,000	2	2	1,636	1,636 SqFt

Similar Multifamily To 670 High Street

Nearby For Sale

$300,000

Multifamily For Sale

15 Route 42,
Waynesville, OH, 45068

Bed

Bath

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Sqft(Lot)

137 S Main Street,
Waynesville, OH, 45068

Bed

Bath

Sqft

Sqft(Lot)

670 High Street,
Waynesville, OH, 45068

Bed

Bath

3,000

Sqft

6,373

Sqft(Lot)

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 07/02/2026 @ 20:09

MLS: 962643 LISTED BY: Tushar Mehta, BHHS Professional Realty 937-436-9494 SOURCE: Dayton REALTORS