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$150,000
12 Beds 10 Baths 968249 MLS
INVESTOR OPPORTUNITY! Large 10-unit multifamily building offering an excellent opportunity for an investor, developer, or owner-operator looking to take on a substantial renovation project. The property features a desirable unit mix of 8 one-bedroom apartments and 2 two-bedroom apartments, providing flexibility for a variety of rental strategies once fully renovated. The building has significant potential but requires a complete rehabilitation, allowing a new owner the opportunity to reimagine the property and create substantial value through improvements. The property sits on a large parcel and includes a dedicated parking lot, providing valuable off-street parking for future residents. A detached garage also offers additional possibilities and could potentially be utilized as a recreational/common area, laundry facility, storage, workshop, or other amenity space. With its size, unit count, parking, and flexible detached garage space, 440 Maryland Ave presents an opportunity to transform an existing multifamily property into a strong income-producing asset. Property is being sold in its current condition. Buyer to conduct their own due diligence regarding zoning, utilities, occupancy requirements, permits, renovation costs, and intended use. Bring your vision and turn this large multifamily property into your next investment.

440 Maryland Avenue, Dayton

Courtesy of Spencer Maxwell and Bridgestream Realty

$485,000
8 Beds 8 Baths 966536 MLS
Welcome to 2039 Emerson Avenue, an excellent multifamily investment opportunity featuring 8 total units, with each unit offering 1 bedroom and 1 bathroom. This property is a great option for an investor looking to expand their portfolio while adding a solid income-producing property to their investments. Currently, 6 of the 8 units are occupied, with 2 units currently vacant, offering a new owner the opportunity to lease those units and potentially increase the property's overall rental income. With multiple units, existing occupancy, and additional upside, this property is worth a closer look for investors seeking their next opportunity. Reach out today to schedule a private tour and see the potential this property has to offer!

2039 Emerson Avenue, Dayton

Courtesy of Tami Holmes and Tami Holmes Realty

$1,405,000
44 Beds 23 Baths 965887 MLS
Excellent investment opportunity featuring a well-maintained 23 units, including 1515 Gummer Ave. and 607 Claremont Ave, with a consistent rental history and strong income potential. Currently generating $18,183 in total monthly rental income, this income-producing property offers stable cash flow, low-maintenance ownership, and excellent long-term investment value. Recent improvements include a newer roof on one building, along with newer furnaces and A/C units in every unit. One down unit in the 607 Claremont- other 22 other units active online and representative of the other photos. A great opportunity for investors looking to expand their portfolio with a proven multifamily asset.

1515 Gummer Avenue, Dayton

Courtesy of Max Wechter and Outside The Box Real Estate

$407,500
6 Beds 6 Baths 965341 MLS
Excellent investment opportunity, cash flowing multifamily 6-unit, 1 bed/1 bath property on a slab. Fully rented with all long term tenants bringing in $5031/month. Tenants pay electric/gas and owner pays water/trash. All units are fully furnished and all have long term leases. All units have beds, TVs, appliances, couches and tables included. Units have previous been used for Airbnb's, short-term and mid-term rentals bringing in higher rents. All units have radiant heat and window units making maintenance easy. Unit 3392 was recently updated with new flooring, paint and drywall. Unit 3390 has new drywall. Roof and electrical updated in 2016. 2024 updates included plumbing, 4 new a/c units, all furnishings in all units, a new stove and unit 3388 has new paint. Close to downtown Dayton and right off I-75 highway providing access to several restaurants and shopping. 24 hr notice for showings, fully occupied.

3394 Lodge Avenue Unit 3384, Dayton

Courtesy of Jill Jackson and Keller Williams Advisors Rlty

$114,495
7 Beds 6 Baths 964776 MLS
Step into Dayton’s past with the Michael Neil House, a cornerstone of the prestigious Grafton Hill Historic District. Built in 1898 for Michael Neil—the visionary who platted the Wolf Creek area—and later owned by Charles M. Seybold, this brick Queen Anne masterpiece is more than a home; it is a legacy. Situated on nearly a half acre minutes from Downtown Dayton, the Dayton Art Institute, Dayton's Historic Masonic Lodge. During the years of Charles Seybold's ownership, he was granted over 20 patents for Seybold Machine Co. He was also an integral part of the creation of the atomic bomb during the Dayton Project/Manhattan Project. Currently featured on Preservation Dayton’s "Most Endangered" list, this National Register-listed property (added in 1982) is seeking a visionary owner to restore its former glory. The architecture is a testament to late 19th-century craftsmanship, standing as a prominent fixture in one of the city’s most historic neighborhoods. This is a rare opportunity to lead a high-profile restoration project and preserve an architectural treasure for the next century. Bring your architect, your passion, and your tools to bring this Queen Anne beauty back to life. Updates include a new roof in 2022, new water service line in 2022, new electrical service in 2023, and a new gas service line in 2023. There are currently multiple holes in the floors on every level. Enter at your own risk. Please be cautious as you journey throughout this important time capsule of Dayton History. Property tax increases can potentially be abated for 15 years for renovating this home. Talk with the City of Dayton for additional details.

221 Central Avenue, Dayton

Courtesy of Ryan Ingram and Proper Management LLC

$1,290,000
18 Beds 18 Baths 962753 MLS
Discover an exceptional investment opportunity in this meticulously maintained 18-unit multi-family property, offering a serene living experience within a peaceful, wooded setting. Each residence boasts a private entrance, fostering a heightened sense of comfort and exclusivity for all occupants. The attractive exterior, characterized by charming pitched shingle roofs and mature landscaping, presents outstanding curb appeal, creating a welcoming residential atmosphere. This property has been diligently cared for, featuring a newer roof that underscores its enduring quality and appeal. With 18 bedrooms and 18 full bathrooms spread across a generous 9,216 square feet of living space, this single-story complex provides ample room for residents. Situated on an expansive 1.3-acre lot, there is abundant outdoor space to enjoy the tranquil surroundings. This property stands as a desirable acquisition in a vibrant neighborhood, offering both immediate returns and long-term value.

4822 Philadelphia Drive, Dayton

Courtesy of John Harrison and Endurance Realty & Investments

$585,000
10 Beds 10 Baths 961387 MLS
Solid brick 10-unit building in the heart of Dayton. A prime opportunity for investors looking to grow or scale their portfolio in the Gem City. This property is ready for a new owner to reposition and unlock its full potential. The current ownership has already taken care of two major capital improvements: the roof was replaced just 4 years ago, and the entire sewer line was professionally replaced all the way out to the street in 2025. With strong bones and critical updates completed, this asset is positioned for the next investor to bring vision, value, and maximize returns. Dayton’s multifamily market continues to thrive, and opportunities like this don’t come around often. Don’t miss your chance to own a proven income-producing property in one of the Midwest’s strongest cash-flow markets. Schedule your showing today and see why this 10-unit is the definition of multifamily investment potential.

423 Briarwood Avenue, Dayton

Courtesy of Jackie Powers and Agora's Maxxed Out Realty

$625,000
10 Beds 6 Baths 958780 MLS
You will not believe the potential in this property! Welcome to 364 Xenia Ave. This property has gross monthly income averaging $10,300 a month. 10 units total In this property. This consists of five small studio/one bedroom units and five private rooms that share a kitchen and bathroom for midterm rentals. Owner pays utilities. Current owner has completed many capital expense improvements here such as major electrical work, sewer line, two main stacks and significant amount amounts of Plumbing. The income potential here is staggering. A very unique set up with high reward. Inquire today about this great investment property! It would make a wonderful addition to your Portfolio. Do not disturb tenants.

364 Xenia Avenue, Dayton

Courtesy of Rachel Gannon and Local Roots Realty

$699,000
19 Beds 9 Baths 959481 MLS
Discover a unique investment opportunity featuring both an 8-unit multifamily building and a separate 3-bedroom single-family home, all being operated under a stable long-term program lease in Dayton, Ohio. The property includes: An 8-unit apartment building consisting entirely of 2-bedroom units A separate 3-bedroom single-family home Total annual gross income of approximately $82,800 What makes this investment especially attractive is the operational structure already in place. The property is leased to a program operator under a 3-year net lease, creating a simplified and highly predictable ownership experience. Key investment highlights include: No tenant turnover management Program pays all utilities Lawn care handled by the program General day-to-day maintenance handled by the program Reduced management burden for ownership Owner primarily responsible only for major capital or structural repairs This setup significantly minimizes the normal operational demands often associated with multifamily ownership while still providing strong and consistent cash flow. The property offers approximately 5,440 square feet of living space across the multifamily building, with a total of 19 bedrooms and 9 full bathrooms throughout the combined properties. Situated on a 0.21-acre lot, the property is located in a strong rental corridor with convenient access to employment centers, transportation routes, and local amenities. With stable income, long-term lease security, and reduced operating responsibilities, this property presents an excellent opportunity for investors seeking dependable cash flow and long-term portfolio growth. Showings will be provided to accepted offers only.

1723-1731 McArthur Avenue Unit 8, Dayton

Courtesy of Casey McGowan and One Tree Realty & Property Mgm

$375,000
8 Beds 8 Baths 959354 MLS
High-Upside 8 - Unit Multi-Family Investment Opportunity. This property consists of six studio units and two one-bedroom units offering strong upside potential for investors seeking to expand their portfolio or increase cash flow through lease-up opportunities. Three studio units and one 1-bedroom unit are currently vacant with the current owner actively rehabbing two of the units for lease-up. Positioned in a proven rental market, this property presents an excellent opportunity to secure a high performing asset with future growth potential. Tenants are responsible for their own electric, while the owner covers water, trash, and gas. A monthly utility fee is collected from tenants to offset these expenses. Financials based on Pro-forma at full occupancy, not actual.

2005 Wayne Avenue, Dayton

Courtesy of Jackie Powers and Agora's Maxxed Out Realty

$1,479,900
34 Beds 24 Baths 958225 MLS
Discover an exceptional investment opportunity in the heart of Dayton with this impressive 24-unit multifamily property featuring both 410 & 420 Cherrywood Ave. Tucked away in a private, well-maintained setting, these two buildings surround a beautifully kept shared courtyard and spacious parking area, creating an attractive environment for tenants and owners alike. Residents enjoy desirable amenities including on-site laundry, added security features, and convenient access to major highways, shopping, dining, and downtown Dayton. With strong rental appeal and income potential from day one, this turnkey property is an outstanding opportunity for investors looking to expand their portfolio with a stable, income-producing asset.

410 N Cherrywood Avenue, Dayton

Courtesy of Craig D Kellogg and Agora Realty Group

$475,000
12 Beds 7 Baths 956309 MLS
Seize this exceptional opportunity to acquire a strategically located 7-unit multifamily property featuring 12 bedrooms and 7 full bathrooms, masterfully configured for maximum income efficiency through smart, versatile layouts that consistently attract dependable tenants—from workforce renters and professionals to families seeking Dayton's unbeatable affordability and job stability. Fully remodeled and move-in ready, every unit has been thoughtfully updated to modern standards, delivering immediate appeal and minimizing future capex for the new owner. This turnkey gem is primed for long-term, reliable cash flow in one of Ohio's most resilient and investor-friendly rental markets. Positioned in a high-demand Dayton neighborhood with easy access to highways, downtown amenities, parks, and key employment hubs, this durable, low-maintenance building features separate utilities, on-site laundry, off-street parking, and separate entrances—ensuring smooth operations and high tenant retention. Ideal for savvy investors pursuing 1031 exchanges, portfolio diversification, or hands-on ownership in a market that rewards established, renovated properties amid moderating new supply and sustained fundamentals. Properties like this—fully updated, cash-flow positive, and strategically located—move quickly in Dayton's competitive investment landscape. All leases, income statements and rent roll can be provided as requested from the listing agent.

445 Hunter Avenue, Dayton

Courtesy of Adong Ni and Keller Williams Community Part

$525,000
11 Beds 9 Baths 954158 MLS
Introducing an exceptional investment opportunity in Dayton, Ohio! This 8,288 SF multifamily property, nestled on Lakeview Ave, features a meticulously maintained 9-unit building erected in 1959. With a high occupancy rate, this property offers seven 1-bedroom, 1 bath apartments and two 2-bedroom, 1 bath apartments, with six of those units recently renovated. Tenants will appreciate the convenience of washer & dryer hookups and off-street parking. Tenants are responsible for heat and electricity. There are 65% new furnaces/water heaters Don’t miss out on this turnkey, income-generating asset! Parcel Legal Description 29533. Also, there is pre-arranged bank financing from Richwood Bank that may be available to you. Please call agent for details.

2525 Lakeview Avenue, Dayton

Courtesy of Douglas Broomhall and West Fork Realty Group LLC

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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®