2271-2275 Hepburn Ave
- 16 units across two buildings — efficient, 100% one-bed / one-bath mix
- 9.0% stabilized cap rate at the offering price
- Value-add lease-up: 44% occupied today with a clear path to ~95% stabilization
- Five units renovated in 2025 — reduced near-term capex, ready to lease
- Subsidy-backed income (Section 8, Miami Valley Housing, Eastway) at $740–$765/unit
- Proven earning power — approximately $36,800 NOI in 2024, verified to owner statements
- Substantial NOI upside — from $3,242 to a projected $55,352 stabilized
- Attractive ~$38,438/door basis, below replacement cost
- $75,600 in unrealized annual gross income across the nine vacant units
- Dayton, OH — one of the Midwest's most affordable, landlord-friendly cash-flow markets
Property Description
Introducing a prime investment opportunity at 2271 Hepburn Ave, Dayton, OH. This 7,440 SF multifamily property boasts 16 units and was sturdily constructed in 1960. Zoned EMF, this strategically positioned asset offers a compelling proposition for high-rise investors seeking potential in the thriving Dayton area. With a proven track record of performance and a formidable footprint, this property presents a solid foundation for your investment portfolio. Unlock the potential of this well-maintained building and capitalize on the opportunities in this sought-after location.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $615,000 |
| No. of Units: | 16 |
| Year Built: | 1960 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Price per unit: | $38,438 |
| Property Website | Click Here |
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