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2271 Hepburn Ave
Dayton, OH 45406 Fairview

$615,000 USD

Apartments For Sale  •  4,659 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,440 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1960
  • Zoning C
30 Transit Score
50 Walk Score

Highlights

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

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Picnic Area
  • Heating
  • Recycling
  • Trash Pickup - Curbside
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Views
  • Freezer
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
James M Cox Dayton International 18 min - 9.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
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