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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

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

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

22 Mello Avenue, Dayton
$169,900
2 Beds ⋅ 2 Baths ⋅ 968508 MLS
Excellent investment opportunity near the University of Dayton! This well-maintained, one-story brick duplex offers two one-bedroom units, each approximately 580 square feet. Each unit features a living room, dining room, kitchen, one bedroom, and a convenient utility room with washer and dryer included. All appliances are included for added convenience. Each unit is currently leased at $800 per month, providing established rental income from day one. Tenants are responsible for gas and electric. Tenant parking is available in dedicated spaces behind the unit off the alley, or along the street. Conveniently located near the University of Dayton, Miami Valley Hospital, shopping, dining, and major roadways, this property is an excellent addition to an investment portfolio. Being sold along with the neighboring property 26 - 28 Mello Avenue. Owner is a licensed agent in Ohio.

22 Mello Avenue, Dayton

Courtesy of Maggie Byrne and Local Roots Realty

440 Maryland Avenue, Dayton
$125,000
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

130 Burgess Avenue, Dayton
$550,000
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

2039 Emerson Avenue, Dayton
$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

265 Linden Avenue, Dayton
$79,900
4 Beds ⋅ 3 Baths ⋅ 966463 MLS
Three apartments. Two paying tenants. One vacant opportunity. Let the math do the talking. 265 Linden Avenue is a historic Dayton triplex offering investors $16,500 in current annual gross rental income with additional upside through the vacant third unit. The property features a spacious 2-bedroom main-floor apartment, 1-bedroom upper-level apartment, and efficiency/studio with its own kitchen and full bath. Current rents are $725/month for the 2-bedroom and $650/month for the 1-bedroom. The 2-bedroom is leased through January 2028, while the 1-bedroom is month-to-month. The vacant efficiency provides an opportunity to increase occupancy and future gross income. Offering approximately 2,222 square feet, each unit has one full bath. The unfinished basement houses laundry and mechanical systems. Off-street parking is provided by the detached garage and rear parking area. Historic character shines through the brick exterior, covered front porch, upper balcony, and distinctive architectural details. Utilities are currently master-metered, with one electric, gas, and water meter serving the property. Owner currently pays utilities, which are included in the rental arrangements. Property is being sold strictly AS-IS. Buyer to perform all desired inspections and due diligence, including verification of rents, leases, utility arrangements, zoning, permitted use, square footage, and municipal requirements. Existing exterior code violations will be assumed by the purchaser at closing. Seller will make no repairs or concessions related to inspections, code requirements, or property condition. Schedule your private tour today! Contract assignments, wholesale transactions, and offers contingent upon the sale of another property are not permitted. Offers must be submitted in the name of the actual purchasing party and may not be assigned.

265 Linden Avenue, Dayton

Courtesy of Mason James and Howard Hanna Real Estate Serv

263 Valleyview Drive, Dayton
$165,000
4 Beds ⋅ 4 Baths ⋅ 965729 MLS
Solid brick four-unit investment property in Dayton’s Hillcrest neighborhood, offering four one-bedroom, one-bath apartments and current scheduled rents totaling $2,195 per month. This well-maintained building features a newer roof installed in 2022 and $4,850 in recent improvements, including a new driveway, exterior painting and trim work, and refreshed landscaping. Current rents range from $490 to $600 per month, providing an opportunity for future income growth as leases turn over. Conveniently located just minutes from Downtown Dayton, Sinclair Community College, Grandview Medical Center, shopping and dining. Nearby recreational attractions include Island MetroPark, Wegerzyn Gardens MetroPark, Triangle Park and the Boonshoft Museum of Discovery. Easy access to North Main Street/Route 48, I-75 and US-35 makes commuting throughout the Dayton area convenient. Financial Highlights Current monthly rent: $2,195 Current annual gross rent: $26,340 Landscaping: approximately $1,200 annually Common-area electric: approximately $660 annually Insurance: approximately $1,950 annually Reported 2026 improvements/maintenance: $4,850 2022 roof Four one-bedroom, one-bath units Durable brick construction

263 Valleyview Drive, Dayton

Courtesy of Brian Sharp and BHHS Professional Realty

212 E Bruce Avenue, Dayton
$254,900
8 Beds ⋅ 4 Baths ⋅ 965178 MLS
Back on the market due to the previous buyer losing financing, giving you another opportunity to grab this solid brick fourplex just minutes from Downtown Dayton. Two of the four units are currently occupied, each paying $800 per month plus a $50 monthly water surcharge, generating $1,700 per month and $20,400 annually in current gross income. The other two units are now vacant, creating immediate upside for an investor or an outstanding house hacking opportunity. An investor could lease both vacant units and, even at the same rents currently being collected, increase potential gross income to approximately $3,400 per month and $40,800 annually. Or live in one vacant unit and rent the other three, with potential rental income of approximately $2,550 per month if the third unit rents at the same rate as the existing units. Actual future rents may vary based on market conditions. Tenants pay their own gas and electric, along with the monthly water surcharge. Both vacant units are available to tour now, while occupied units may be viewed following an accepted contract to minimize tenant disruption. With existing income already in place, two immediately available units, and multiple ways to maximize cash flow, this property offers tremendous flexibility for both investors and owner occupants. Whether you are expanding your portfolio or looking to live in one unit while your tenants help offset your housing costs, this fourplex deserves a serious look. Schedule your showing today.

212 E Bruce Avenue, Dayton

Courtesy of John Clark and eXp Realty

4822 Philadelphia Drive, Dayton
$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

1572 Wayne Avenue, Dayton
$140,000
4 Beds ⋅ 4 Baths ⋅ 961558 MLS
Calling all investors! Here’s your chance to secure a 4-unit multifamily in the heart of Dayton – a market nationally recognized for strong cash flow and investor-friendly opportunities. This property is primed to be a cash cow through value-add strategies such as targeted rent increases and unit updates. The two vacant units need rehabbed before they can be leased but the other heavy lifting has already been done for you: the current ownership has upgraded the electrical system, ensuring that each unit is separately metered and fully electric – a huge plus for long-term operational efficiency. Act fast and position yourself to unlock the upside of this Gem City 4-unit today!

1572 Wayne Avenue, Dayton

Courtesy of Jackie Powers and Agora's Maxxed Out Realty

423 Briarwood Avenue, Dayton
$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

53 Bennington Drive, Dayton
$289,900
4 Beds ⋅ 4 Baths ⋅ 959469 MLS
Turnkey investment opportunity with strong income potential. This all-brick four-unit property features four 1-bedroom, 1-bathroom units with functional layouts and numerous updates completed in 2020. Major improvements include a metal roof, four HVAC systems, four water heaters, vinyl replacement windows, updated electrical panels for each unit plus the common area, and cosmetic renovations throughout. Units 1 and 4 are currently tenant-occupied at $800 per month each, while Units 2 and 3 have recently been turned and are rent-ready, providing immediate leasing opportunities and potential for increased cash flow. Electric, gas, and heat are paid directly by the tenants. Water is paid by the owner. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this well-maintained property offers flexibility and value.

53 Bennington Drive, Dayton

Courtesy of Derek Mobley and Keller Williams Community Part

445 Hunter Avenue, Dayton
$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

1220-1222 Wayne Avenue, Dayton
$229,000
4 Beds ⋅ 3 Baths ⋅ 955243 MLS
Rare mixed-use investment opportunity on Wayne Avenue! This 3,384 sq ft property is zoned for residential or commercial use and offers an ideal setup for investors, entrepreneurs, or owner-occupants seeking flexibility and income potential. The building includes 2 units, one of which is a charming, fully updated studio apartment with a private entrance and its own patio. The larger unit provides a highly functional and flexible layout, including a Wayne Avenue-facing room that can serve as a storefront, office, or possible 3rd bedroom. Additional features include a first-floor full bath and laundry, two upstairs bedrooms, and two living spaces. Whether used for long-term rental income, a live/work concept, or a combination of residential and commercial occupancy, this property offers exceptional versatility and upside.

1220-1222 Wayne Avenue, Dayton

Courtesy of Brian Sharp and BHHS Professional Realty

2525 Lakeview Avenue, Dayton
$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®