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540 Grafton Avenue, Dayton
$290,000
4 Beds ⋅ 2 Baths ⋅ 970380 MLS
Live in one. Rent the other. Or add a beautifully rehabilitated historic duplex to your investment portfolio. 540–542 Grafton Avenue offers two spacious 2-bedroom, 1-bath residences and a level of rehabilitation rarely found in a two-family property. This is not investor-grade work. The comprehensive, architect-designed rehabilitation was completed with residential-quality materials and careful attention to the character of the original home. Improvements include two new 200-amp electrical panels, new electrical wiring, new plumbing, new HVAC and central air, new Pella windows with a 10-year warranty, new kitchens and baths, in-unit laundry, restored hardwood floors, insulation, foundation wall repairs and a sump pump. The exterior has been repaired and painted, with extensive porch and exterior improvements. Located in the Grafton-Rockwood-Wroe Historic District, with a 15-year tax abatement (on improvements) application in process. Move-in ready for an owner-occupant and turnkey for an investor—historic character, modern systems and quality workmanship throughout.

540 Grafton Avenue, Dayton

Courtesy of Lorka Munoz-Daugherty and Glasshouse Realty Group

1713-1715 Mack Avenue, Dayton
$217,000
6 Beds ⋅ 2 Baths ⋅ 970413 MLS
Add this 6-bedroom duplex to your portfolio and start earning $2,000/month in cash flow from day one!! Each 1,200 sq ft unit offers 3 spacious bedrooms and 1 full bath. Separate covered front porch for tenant privacy & basements for extra storage space. All appliances stay. Recent updates include New siding, electric, plumbing, bathrooms, LVP flooring, paint, lighting, and 3 new AC window units. Both units are tenant-occupied with signed leases -- so income starts immediately!! The large backyard provides extra parking and outdoor space. A solid, straightforward rental with recent renovations and reliable cash flow. Schedule your showing today & let's add this property to your investment portfolio.

1713-1715 Mack Avenue, Dayton

Courtesy of Tami Holmes and Tami Holmes Realty

2803 Lansing Drive, Dayton
$559,988
10 Beds ⋅ 5 Baths ⋅ 970382 MLS
This turn key 5 unit consist of a 4 unit with an attached ranch style apartment. Each unit is a 2 bedroom, 1 bath unit and has been uptated and move in condition. This building offers a rare combination of dependable cash floor, low management intensity and tenant stability. Fully leased (3 year lease) to a responsible tenant that pays all utilities and manages common day to day maintenance items. Built in renewal clause ensuring income growth after initial term ends in 2028. Annual gross income is $60,000.00. Totally updated, many capital improvements made. Operating expenses are minimal, long-term viability and strong market demand. 1000 square foot paved parking plus street parking

2803 Lansing Drive, Dayton

Courtesy of Susan J Piersall-Hanes and BHHS Professional Realty

200 Central Avenue, Dayton
$1,700,000
42 Beds ⋅ 42 Baths ⋅ 970173 MLS
Central Superior presents a compelling 42-unit multifamily investment opportunity in Dayton’s Grafton Hill neighborhood. The property includes 31 studios and 11 one-bedroom units averaging 416 SF, with on-site laundry, a 12+ vehicle garage, and individually metered electric. Since 2021, ownership has completed significant capital improvements, including both roofs, replacement windows, most electrical panels, plumbing stacks, hallway flooring, and a renovated laundry room, with approximately 85% of units renovated. In-place rents average $636 for studios and $750 for one-bedrooms, with additional upside through rent growth, garage parking, and a potential bulk cable/internet program. Located approximately one mile from Kettering Health Dayton and within three miles of major area institutions and employment centers.

200 Central Avenue, Dayton

Courtesy of Max Wechter and Outside The Box Real Estate

83-85 W Hudson Avenue, Dayton
$149,900
6 Beds ⋅ 2 Baths ⋅ 970140 MLS
Turnkey duplex opportunity with immediate rental income! This fully occupied property features two spacious 3-bedroom, 1-bath units, offering a desirable layout and solid income potential for investors. Together, the units currently generate $1,600 per month in gross rental income. Unit 83 is occupied by a long-term tenant paying $675 per month on a month-to-month lease, while Unit 85 is rented for $925 per month. Tenants are responsible for all utilities, helping minimize ongoing owner expenses. With both units already occupied, this property provides cash flow from day one without the need to immediately secure tenants. Whether you're growing an established portfolio or purchasing your first multifamily investment, 83-85 W Hudson Ave offers a straightforward opportunity to own an income-producing duplex with two highly rentable three-bedroom units.

83-85 W Hudson Avenue, Dayton

Courtesy of John Clark and eXp Realty

612-614 S Smithville Road, Dayton
$179,900
4 Beds ⋅ 2 Baths ⋅ 969520 MLS
Fantastic opportunity for an owner-occupant, house hacker, or investor! This duplex features two spacious 2-bedroom, 1-bath units, with one side currently vacant and ready for its next occupant. The occupied unit is professionally managed and currently rents for $950 per month, with the tenant responsible for all utilities. For the savvy buyer, the possibilities are easy to see. Move into the vacant side and let the income from the neighboring unit help offset your monthly housing expenses, or place another tenant and maximize the property's income potential. At approximately $950 per month per unit, projected gross rents could reach $1,900 per month, or $22,800 annually when fully occupied. That kind of income potential makes this an attractive option for investors looking to add a solid income-producing property to their portfolio. Conveniently located near State Route 35 for easy access throughout the Dayton area, the property is also within walking distance of a grocery store, retail shopping, and restaurants, adding even more appeal for both owners and tenants. Professionally managed, conveniently located, and ready for its next owner, 612–614 Smithville Rd offers tremendous flexibility whether you're looking to build your rental portfolio or make your first move into real estate investing through house hacking. Opportunities like this, with one unit already producing income and the other available for immediate use, don't come along every day!

612-614 S Smithville Road, Dayton

Courtesy of John Clark and eXp Realty

2005 Riverside Drive, Dayton
$129,900
4 Beds ⋅ 3 Baths ⋅ 969548 MLS
So many possibilities with this Super unique 3 unit! Currently has a 2 bedroom unit on main floor currently rented for $1000 and 1 bedroom unit upstairs currently rented for $600. The finished basement has always been used as an efficiency unit with a kitchen and full bath. At one time the other side of basement was also another efficiency. One of the most unique features is the huge 2 car garage with a very rare FULL basement! This would be great for a workshop, crafts, mechanic, or gym, the possibilities are endless. Tenants pay the electric. Owner pays water/trash/sewer. New Furnace, baseboard heaters, and New hot water tank are all electric. Both breaker boxes new in 2025. All new windows. Owner willing to give a roof allowance ( not leaking but old). This is a must see to understand property. Lots of potential for extra income from garage! Owner will consider Land Contract with 25% Down Payment

2005 Riverside Drive, Dayton

Courtesy of Ruby Annie Newbourn and Unity Real Estate

18 Redwood Avenue, Dayton
$159,900
4 Beds ⋅ 2 Baths ⋅ 969222 MLS
Investor opportunity in Dayton for fully approved section 8 property! This fully occupied duplex features two 2-bedroom, 1-bath units, with both units currently occupied by Section 8 tenants at $875/month per unit. Tenants are responsible for all utilities, helping keep owner expenses low. Both units recently passed their Section 8 inspections and are approved at the current rental rate. Current rents have remained unchanged for several years, providing potential for future rental growth. Major improvements include a full tear-off roof installed approximately one year ago. Property also includes a 2-car garage. A solid opportunity for investors looking for immediate rental income, with major updates already completed and additional rental upside.

18 Redwood Avenue, Dayton

Courtesy of Austin McClain and REAFCO

606 Oak Street, Dayton
$286,000
6 Beds ⋅ 3 Baths ⋅ 969137 MLS
Opportunity meets historic Dayton charm in this spacious income-producing duplex conveniently located near downtown Dayton and the University of Dayton. Offering approximately 2,892 square feet, this property provides multiple possibilities for an investor or owner-occupant. One unit is currently tenant-occupied, providing immediate rental income, while the second unit is furnished and Airbnb-ready, with furnishings conveying with the sale. Whether you’re looking to expand your rental portfolio, explore short-term or student-housing opportunities, or live in one unit while generating income from the other, this property offers flexibility and potential. Inside, you’ll find original hardwood flooring, rich wood trim, built-in cabinetry, a beautiful staircase, fireplace with detailed mantel, and other architectural features that showcase the home’s historic character. The property also features a welcoming front porch, unfinished basement for additional storage, fenced outdoor space, mature trees, and a fire-pit area. Located just minutes from downtown Dayton, the University of Dayton, restaurants, entertainment, and major area amenities, this is an opportunity to own a distinctive multifamily property in a convenient location. Schedule your private showing and explore the possibilities this Dayton investment property has to offer.

606 Oak Street, Dayton

Courtesy of Maggy Wood and NavX Realty, LLC

455 Forest Avenue, Dayton
$750,000
21 Beds ⋅ 11 Baths ⋅ 969236 MLS
11-unit multifamily investment opportunity with strong in-place income and additional revenue potential. The property consists of ten 2-bedroom, 1-bath units plus one efficiency/studio unit, with rents currently ranging from $550 to $844 per month. Two units also feature private enclosed porches. Tenants pay their own gas and electricity, helping limit owner-paid utility expenses. The property includes a private rear parking lot, four garage bays that could provide additional rental income, and separate management/office space in the basement. There is additional income potential through leasing the garage bays, optimizing below-market rents as units turn over, and making use of the basement office/management space where appropriate. Prime Dayton location near Grandview Hospital and downtown, with convenient access to public transportation and major interstates. An attractive opportunity for an investor seeking an established income-producing 11-unit property with multiple avenues for future revenue growth.

455 Forest Avenue, Dayton

Courtesy of Douglas Broomhall and West Fork Realty Group LLC

151 Grove Avenue, Dayton
$514,999
3 Beds ⋅ 1 Baths ⋅ 969165 MLS
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. *NO SELLER FINANCING.

151 Grove Avenue, Dayton

Courtesy of Philip L Herman and RE/MAX Real Estate Specialists

73 Pointview Avenue, Dayton
$90,000
4 Beds ⋅ 2 Baths ⋅ 969174 MLS
This spacious duplex offers a great opportunity for an investor or owner-occupant looking to add value and generate rental income. Each unit features 2 bedrooms and 1 full bathroom, providing a practical layout with plenty of potential. The property has been updated with many new windows, adding to its appeal and future value. The home also features a full unfinished basement, offering abundant storage space or potential for future improvements, along with a detached 2-car garage. The property is serviced by one electric meter and one water meter. With some additional updates and improvements, this duplex has tons of potential to become a strong income producing property. Bring your vision and unlock the possibilities!

73 Pointview Avenue, Dayton

Courtesy of Justin Fox and Comey & Shepherd REALTORS

3217 Wilmington Pike, Dayton
$1,590,000
24 Beds ⋅ 24 Baths ⋅ 969089 MLS
Turnkey Multi-Family Investment Opportunity in Kettering! The Flats at Wilmington Pike features 24 fully renovated studio apartments boasting 100% occupancy and strong operational upside with market rent growth. Situated on a 0.99-acre lot with 27 off-street parking spaces, this asset has undergone extensive capital improvements since 2023. Upgrades include a new roof, asphalt, double-pane vinyl windows, individual mini-split HVAC units, electric water heaters, and updated electrical panels. Every unit was renovated and features LVP flooring, modern white cabinetry, black appliances, faux granite countertops, updated light fixtures, and updated full baths including tub surrounds. Features on-site laundry facility. Conveniently located in Kettering with direct access to major retail corridors.

3217 Wilmington Pike, Dayton

Courtesy of Eric Mielke and Outside The Box Real Estate

432 N Gettysburg Avenue, Dayton
$204,900
4 Beds ⋅ 4 Baths ⋅ 968197 MLS
Property Highlights IMMEDIATE INCOME!!!! Unit Configuration: 4 separate units (3 currently leased, 1 vacant & ready for occupancy) Additional parcels: R72-12702-0058 R82-12702-0059 Ultimate creativity, even the option to build more units! Exterior & Structure: Low-maintenance, classic full-brick construction Major Capital Improvements: Brand-new roof installed HVAC: Dedicated central air conditioning for each individual unit Favorable Utility Split: Separate meters; tenants pay gas and electricity, owner covers water Investment Strategies: Pure Investment: Lease the 4th unit at top market rate to achieve maximum gross yield. House Hacking: Move into the vacant unit and offset living expenses with the existing 3 rental streams.

432 N Gettysburg Avenue, Dayton

Courtesy of Rion Freeman and Red 1 Realty

2212 N Main Street, Dayton
$60,000
2 Baths ⋅ 967369 MLS
Bring your vision to this approximately 4,000 sq. ft. commercial property located on a high-traffic section of North Main Street. This property is best suited for an experienced investor, developer, or business owner ready to take on a complete renovation. The building requires extensive rehabilitation and is being sold AS-IS. The interior will require a full gut and rebuild, including significant roof and structural work. The value here is in the location, commercial footprint, visibility, and redevelopment potential. The existing layout includes a front storefront/retail area, additional rear space that could be configured for storage, warehouse, service, or business operations, two restroom areas, a loading dock, and rear parking. With the right renovation and applicable zoning/approvals, the property could potentially accommodate a variety of commercial concepts such as a coffee shop, neighborhood retail store, wireless/phone store, office, service business, specialty shop, or other commercial use.

2212 N Main Street, Dayton

Courtesy of TyYanna M Sharp and Society Realty Company

24 Fernwood Avenue, Dayton
$245,000
4 Beds ⋅ 1 Baths ⋅ 967332 MLS
Introducing an exceptional opportunity for Multifamily investors in the Dayton area. This low maintenance all brick 4,500 SF building comprises of four 1-bedroom, four 1-bath apartment units, and offers a solid investment in a thriving market. Built in 1951 and zoned ER-4, the property features 100% occupancy, ensuring immediate returns for savvy investors. With a strategic location and a track record of full occupancy, this investment promises strong rental demand and consistent cash flow. Don't miss your chance to secure a valuable asset in the dynamic Dayton market. Recent improvements include a new roof installed in 2021, four new heat pumps installed in 2023, new floors, new windows and appliances installed in early 2021 in three units, two new water heaters installed in 2026. Tenants pay for their own heat and electricity. Seller self-manages the property. Two parcels: R72 06310 0076, 0077.

24 Fernwood Avenue, Dayton

Courtesy of Douglas Broomhall and West Fork Realty Group LLC

130 Burgess Avenue, Dayton
$540,000
13 Beds ⋅ 5 Baths ⋅ 966861 MLS
Nothing like it on the market this year! Unique single-parcel portfolio at 130 Burgess featuring 5 total doors and a bonus private laundromat building. The property includes 3 completely renovated, top-to-bottom single-family homes—2 currently occupied and generating immediate cash flow, with the 3rd in the process of signing a lease ($3,670 cash flow day 1). Additional income lies in the newly rezoned duplex ranch (3 bed/1 bath each side), which is ready for its last-mile finishing touches and comes with city-approved blueprints for instant value-add equity (market $1400+/door mo rent). The standalone laundromat structure is already plumbed and roughed-in for appliances, ready to move right in as a top-tier tenant amenity and addtl income. Major capital improvements across the property include new roofs on all structures, new custom windows, LVP flooring throughout, updated electrical and plumbing, fresh fixtures, and a newly re-sealed parking lot. Situated within a quiet township neighorhood, this thoughtfully planned and city-approved, turnkey investment is set up for a seamless handoff to the next cash flow king or queen! ARV $600k+ plus 12+% cap rate. Professionally managed property.

130 Burgess Avenue, Dayton

Courtesy of Kristine Wights and Luma Realty

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than our company are marked with the Broker Reciprocity™ logo (the small house as shown to the left) and detailed information about them includes the name of the listing brokers. This data is up-to-date as of . Copyright 2026, MLS of Greater Cincinnati, Inc. All rights reserved. Information deemed reliable but not guaranteed.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of the Dayton Area Board of Realtors® MLS IDX Database. Real estate listings from the Dayton Area Board of Realtors® MLS IDX Database held by brokerage firms other than Luma Realty are marked with the IDX logo and are provided by the Dayton Area Board of Realtors® MLS IDX Database. Information is provided 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. Copyright© 2026 Dayton Area Board of Realtors®

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