21
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$430,000
Est. payment /mo
8 Beds
8 Baths
3,840 SqFt
New
1608 Belvo Road #1602 Miamisburg, OH 45342
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Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $111
MLS Listing ID 936638
Bedrooms 8
Full Baths 4
Half Baths 4
Year Built 1987
Annual Tax Amount $6,924
Lot Size 0.400 Acres
Lot Dimensions 151' x 115'
Property Sub-Type 2-4 Units
Property Description
8-Unit Value-Add Portfolio | Side-by-Side TWO 4-Unit Buildings | Miamisburg, OH
Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio—$860,000 total ($430,000 per building). Seller will not sell individually.
Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant.
Investment Highlights:
• 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month)
• Below-market rents with strong upside
• Well-maintained asset with functional layouts
• On-site parking | Asphalt lots resurfaced 2022
Location Benefits:
• Sought-after Miamisburg school district
• Near Dayton Mall, Austin Landing, and I-75/I-675
• Surrounded by retail, dining, and major employers
Ideal for investors seeking a stable asset with value-add potential in a resilient rental submarket. Schedule a tour today—portfolio opportunities like this are rare.
Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio—$860,000 total ($430,000 per building). Seller will not sell individually.
Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant.
Investment Highlights:
• 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month)
• Below-market rents with strong upside
• Well-maintained asset with functional layouts
• On-site parking | Asphalt lots resurfaced 2022
Location Benefits:
• Sought-after Miamisburg school district
• Near Dayton Mall, Austin Landing, and I-75/I-675
• Surrounded by retail, dining, and major employers
Ideal for investors seeking a stable asset with value-add potential in a resilient rental submarket. Schedule a tour today—portfolio opportunities like this are rare.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Slab
Kitchen Laminate Counters, Remodeled
Interior
Interior Features Gas Water Heater, Paddle Fans
Heating Forced Air, Natural Gas
Cooling Central
Exterior
Parking Features None
Utilities Available 220 Volt Outlet, City Water, Natural Gas
Building
Structure Type Brick
Schools
School District Miamisburg
Listed by BHHS Professional Realty