$450,000

1501 E 5th Street, Dayton OH, 45403

Price per sqft$117.34

Built in1900

Property size3,835 sqft

Property typeResidential

Overview

Sold

Closed

Listed May 13, 2025

Updated Jun 12

Opportunity here with a cap rate of over 11%. Current owner is looking to do a sale/leaseback with a long term master lease for the building which includes a real estate brokerage and a salon/spa. Under the master lease, tenant would be responsible for maintenance and repair. The building has been fully renovated in the past two years. 2 HVAC systems, all plumbing, electric, roof, windows, interior and exterior paint. Property sits on a double lot with a new parking lot and green space with outdoor seating. Property is zoned mature neighborhood commercial which allows for single family, multi family and various commercial/office uses.

Additional information

MLS^® ID: 934126

Interior Features

Bedrooms: 4
Bathrooms: 4
Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.21 Acres

Courtesy of Rachel Gannon with Local Roots Realty
Listing Contact: (937) 308-1883

Based on information from Dayton Area Board of REALTORS® as of 6/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.