Listing Courtesy of: DAYTON / Coldwell Banker Heritage / Gregg Russell / Paul Howe - Contact: (937) 439-4500
4840 Springfield Street Dayton, OH 45431
Active (11 Days)
$515,000 (USD)
Description
MLS #:
944618
944618
Lot Size
0.25 acres
0.25 acres
Type
Multifamily
Multifamily
Year Built
1971
1971
School District
Mad River
Mad River
County
Montgomery County
Montgomery County
Community
Imperial Sub Sec 2
Imperial Sub Sec 2
Listed By
Gregg Russell, Coldwell Banker Heritage, Contact: (937) 439-4500
Paul Howe, Coldwell Banker Heritage
Paul Howe, Coldwell Banker Heritage
Source
DAYTON
Last checked Oct 8 2025 at 2:38 AM GMT+0000
DAYTON
Last checked Oct 8 2025 at 2:38 AM GMT+0000
Bathroom Details
- Full Bathrooms: 8
Subdivision
- Imperial Sub Sec 2
Property Features
- Foundation: Slab
Heating and Cooling
- Baseboard
- Wall Unit(s)
Parking
- No Garage
Living Area
- 5,332 sqft
Additional Information: Heritage | (937) 439-4500
Location
Disclaimer: Copyright 2025 Dayton MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 10/7/25 19:38
* Turnkey Investment Opportunity
* Outstanding Rental Market (Workforce, University, Military)
* Recent Renovations
EXECUTIVE SUMMARY
Cash Flowing | Turnkey 8-Unit Multifamily Investment Opportunity
Property Overview
Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades.
Interior & Exterior
7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units
Financial Snapshot
One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $66,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P&L available upon request- Upside potential in rents & final renovation
Location Advantages
Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing
Investment Summary
4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation.