- 8 beds
- 8 baths
- 3,840 sqft
- 14,810 sqft lot
- $111 per sqft
- 1986 build
- – on site
Rare opportunity to acquire 8 units (2 buildings on two separate parcels), side by side, in a high-demand rental location. Stabilized asset with significant upside through rent increases. 8.49% Pro Forma CAP. To be sold together with adjacent identical 4-unit building at 1602 Belvo Rd. (Part of a two-building investment portfolio. Each building is listed for $430k. Portfolio Sale $860k).). Seller will not sell individually. Exceptional opportunity to acquire two 4-family apartment building in one of the most sought-after rental neighborhoods in Miamisburg. Each building consists of 4-spacious 2-bedroom, 1.5-bath townhome-style units, approx. 1,000 SF each. Highly functional layouts feature private entrances, in-unit laundry & two-story living with kitchen, living room, laundry & half bath on first floor, & 2 bedrooms & full bath upstairs. Plenty of updates include: Laminate flooring, concrete patios, exterior lights front and back, New ACs etc. Investment Highlights: • Two 4 Unit buildings. Identical Layouts. Approx 1,000 SF per unit. • Pro Forma CAP Rate: 8.49% at Market Rents ($1,150/month/unit) • Current Rents Below Market | Strong Upside Potential • On-Site Parking: Parking Lots re-paved and asphalted in 2022. Prime Location & Strong Demand Drivers: • High-Demand Miamisburg Location • Proximity to Dayton Mall, Austin Landing, and I-75/I-675 Interchange • Less than a Mile from Miamisburg High & Middle Schools • Minutes to Dining, Retail, and Major Employment Centers Whether you're a seasoned investor looking to expand your multifamily portfolio or seeking a stable asset with value-add potential, this property checks all the boxes. With below-market rents and immediate upside, it offers strong cash flow in a resilient and growing rental submarket. Don’t miss this rare opportunity—schedule a tour today.
Last checked:
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Last updated Jun 15, 2025
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MLS# 936685 —
The Building
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Year Built:1986
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Construction Materials:Cedar
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Building Area Total:3840.0
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Foundation Details:Slab
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Window Features:DoubleHung
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Stories Total:2
Interior
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Interior Features:CeilingFans,LaminateCounters
Room Dimensions
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Living Area:3840.0
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Living Area Source:Assessor
Financial & Terms
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Availability Date:2025-06-15
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Tenant Pays:Gas,Heat,TrashCollection
Location
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Directions:From Maue (Lyons Road), left on S. Gebhart Church Road, Right on Belvo Road.
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Longitude:-84.263917
The Property
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Property Sub Type Additional:MultiFamily
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Lot Size Acres:0.34
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Lot Size Area:14810.0
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Lot Size Dimensions:150' x 100'
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Lot Size Square Feet:14810.0
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Lot Size Source:Assessor
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Parcel Number:K46-01313-0002
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Zoning:Residential
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Zoning Description:Residential
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Latitude:39.628798
Listing Agent
- Contact info:
- Agent phone:
- (937) 436-9494
- Office phone:
- (937) 436-9494
Taxes
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Tax Legal Description:5655 AUBREY MANOR SEC 1
Beds
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Bedrooms Total:8
Baths
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Bathrooms Total:8
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Bathrooms Half:4
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Bathrooms Full:4
Heating & Cooling
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Heating:ForcedAir,NaturalGas
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Heating:true
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Cooling:true
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Cooling:CentralAir
Utilities
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Utilities:WaterAvailable
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Water Source:Public
Appliances
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Appliances:Dishwasher,Disposal,Range,Refrigerator,GasWaterHeater
Schools
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High School District:Miamisburg
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Elementary School District:Miamisburg
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Middle Or Junior School District:Miamisburg
The Community
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Subdivision Name:Aubrey Manor
Parking
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Garage:false
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Parking Features:NoGarage,ParkingLot,OnStreet
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/14/25
Jun 14, 2025
|
Listed / Active | DABR | $430,000 |