$590,000

400 N Cherrywood Avenue, Dayton OH, 45403

Price per sqft$130.07

Built in1966

Property size4,536 sqft

Property typeMulti-family

Overview

Sold

Closed

Listed Oct 3, 2025

Updated Jun 12

Turn-key 6-unit apartment building offering a rare combination of dependable cash flow, low management intensity, and tenant stability. Fully leased (3-year lease) to a responsible tenant that pays utilities and manages common day-to-day maintenance items. Built-in renewal clause ensuring income growth of 5% after the initial term ending in 2028. Annual Gross Rental Income (years 1-3) $77,544; and $81,420 years 4+. The property has been fully renovated, and capital improvement investment details are available. Operating expenses are minimal, long-term viability, and strong market demand.

Additional information

MLS^® ID: 944872

Interior Features

Bedrooms: 12
Bathrooms: 6
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.18 Acres

Courtesy of Terri D'Andrea with Coldwell Banker Heritage
Listing Contact: 937.620.1307

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.