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$699,000
5 Beds 5 Baths 967846 MLS
Calling all investors and hands-on owner-operators: this 6,000+ sq ft mixed-use building offers a rare combination of commercial flexibility and multi-unit residential income, tucked into the charm of quaint Spring Valley. Priced to reflect the sweat equity ahead, this is a value-add opportunity for a buyer ready to unlock its full potential. The ground-floor commercial space is ready for a new concept — ice cream shop, restaurant, bar, salon, dog grooming studio, office, or whatever this welcoming community needs next. Above or adjacent, residential units offer serious income potential once updated — think long-term rentals, furnished units, or an Airbnb portfolio under one roof, all within a walkable, small-town setting that tenants and short-term guests alike are drawn to. Yes, it needs work — but that's exactly why this is priced for someone ready to roll up their sleeves and capture the upside in a growing pocket like Spring Valley.

17 W Main Street, Spring Valley Village

Courtesy of Rhonda R Partin Johnson and Local Roots Realty

$645,000
7 Beds 4 Baths 967144 MLS
Highly sought-after student rental in the heart of Cedarville. This fully renovated investment property is leased through May 2027 and offers immediate, stable income. The property features three rental units, incuding an 1800 sq. ft. main floor unit with 3 bedrooms, 2 full baths, dining room, huge living room, kitchen and an office or storage area. The upper unit is 2 bedroom, 1 bath with an eat-in kitchen and a flex space and cozy living room. The rear unit offers an extra large living area, kitchen with pantry and 2 bedrooms, 1 bath. Every unit has its own private laundry facilities, providing added convenience for tenants. Additional amenities incude off-alley parking for up to 12 vehicles and a detached 1 car garage. With extensive updates completed inside and out, and a prime location near Cedarville University, this turnkey property is a rare investment opportunity.

33 W Xenia Avenue, Cedarville Village

Courtesy of Cheryl Buettell and eXp Realty

$629,900
8 Beds 8 Baths 966569 MLS
Multi-family investment opportunity in Bellbrook featuring four townhouse-style units, each offering 2 bedrooms and 2 full bathrooms. The main level of each unit includes a living room, eat-in kitchen, and full bathroom, while the second floor features two generously sized bedrooms and a second full bathroom. Each unit has washer/dryer hookups, off-street parking, and an outdoor storage closet. Recent updates include: 1855 – light fixtures, towel bars, bath fans, toilet, wall heaters, window A/C unit, bathroom vanities, main water supply valve, fresh paint, blinds, and garbage disposal. 1857 – window A/C unit, blinds, and smoke detectors. 1861 – blinds. Roof completely replaced with decking in 2025. A solid opportunity for investors looking to own multiple units in Bellbrook.

1855-1861 N Lakeman Drive, Bellbrook

Courtesy of Myles Greely and Keller Williams Community Part

$959,900
13 Beds 6 Baths 960855 MLS
Discover an exceptional opportunity in the heart of Bellbrook with this versatile multi-family property, perfectly situated for both residents and investors. This expansive building offers thirteen well-proportioned bedrooms and six full bathrooms, providing ample space and comfort across its single story. The generous 0.25-acre lot offers significant outdoor potential in a charming neighborhood. The property comes equipped with essential appliances, including a garbage disposal, range, and refrigerator, and washer and dryer ensuring immediate functionality for its occupants. Its prime location on Main Street offers residents convenient access to local amenities and the vibrant community atmosphere of Bellbrook. This unique offering represents a compelling investment in a desirable area, ideal for those seeking a substantial multi-unit dwelling. New Metal Roof 2026, New paint to sofit, fascia and gutters. New siding, vents and paint to all three gable ends. New HVAC unit in unit 64 (2024), New water heater in unit 70 (2025). AC units updated to unit 62, 72. Currently three units are occupied as long term rental agreements and month to month. The remaining three units are fully furnished and occupied as short term rental agreements and occupancy ranges from 25 nights or more. Current rental income is available. Total units (5) 2bed1bath, (1) 3bed 1 bath. Zero Vacancies. Fully occupied year-round. Showings available with 24-hour notice. Will try to accommodate and show at least one unit.

72 S main Street, Bellbrook

Courtesy of Jozlyn Hildebrand and Key Realty

$539,500
5 Beds 4 Baths 955925 MLS
Welcome to a property that truly breaks the mold. Tucked away in Xenia and conveniently located near US Rt 35 and ST Rt 42. This one-of-a-kind, large duplex residence offers flexibility, opportunity, and a lifestyle that adapts to you. With over 3,800 sqft of thoughtfully updated space, this unique duplex invites you to live, earn, create, and grow all under one roof. Step into the front unit and you’re immediately struck by soaring ceilings, ranging from 10 to 18 feet, creating an open and airy feel that’s hard to find. The expansive layout offers over 2,000 square feet, complete with multiple living areas, a spacious kitchen, and not just one, but two private primary suites. Whether you’re accommodating extended family, hosting guests, or simply enjoying your own space, this home gives you room to breathe. The rear unit opens the door to income potential or multi-generational living, featuring its own kitchen, living space, and 2–3 bedrooms. Whether you choose to rent it out, house family, or create a private workspace, the possibilities are endless. And that’s where this property truly shines. With residential and commercial zoning (per seller), this is more than a home it’s an opportunity. Run your business, create a studio, or design the live/work lifestyle you’ve been searching for. A previously used recording studio with a built-in safe adds yet another layer of versatility for creatives or entrepreneurs. Outside, you’ll find ample parking, a detached 3-car garage, and a manageable lot that complements the home without overwhelming it. A newer roof (2023) adds peace of mind, while the extensive updates throughout reflect the care and vision poured into this property over time. Whether you’re an owner-occupant looking to offset your mortgage, an entrepreneur seeking the perfect live/work setup, or someone who simply refuses to settle for ordinary—this property offers something rare.

523 Newport, Xenia

Courtesy of Kelly Byrd and Agora Realty Group

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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®