4840 Springfield Street, Riverside, OH 45431
Local realty services provided by:ERA Petkus Weiss
4840 Springfield Street,Dayton, OH 45431
$515,000
- 9 Beds
- 8 Baths
- 5,332 sq. ft.
- Multi-family
- Active
Listed by:gregg russell(937) 439-4500
Office:coldwell banker heritage
MLS#:944618
Source:OH_DABR
Price summary
- Price:$515,000
- Price per sq. ft.:$96.59
About this home
INVESTMENT HIGHLIGHTS
* Turnkey Investment Opportunity
* Outstanding Rental Market (Workforce, University, Military)
* Recent Renovations
EXECUTIVE SUMMARY
Cash Flowing | Turnkey 8-Unit Multifamily Investment Opportunity
Property Overview
Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades.
Interior & Exterior
7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units
Financial Snapshot
One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $66,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P&L available upon request- Upside potential in rents & final renovation
Location Advantages
Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing
Investment Summary
4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation.
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Home facts
- Year built:1971
- Listing ID #:944618
- Added:4 day(s) ago
- Updated:October 12, 2025 at 03:18 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:8
- Full bathrooms:8
- Living area:5,332 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1971
- Building area:5,332 sq. ft.
- Lot area:0.9 Acres
Finances and disclosures
- Price:$515,000
- Price per sq. ft.:$96.59
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