# 151 Grove Avenue, Dayton, OH 45404 > **TL;DR:** 3bd/1ba residential multi family, $514,999 ($41/sqft), built 1900, 12,606 sqft. > A/C. Est. $2,754/mo. Listed 44 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $514,999 | | Price/sqft | $41 | | Bedrooms | 3 | | Bathrooms | 1 full | | Square Feet | 12,606 | | Year Built | 1900 | | Lot Size | 12,632 sqft (0.29 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 44 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,604 | | Estimated Insurance | $150 | | **Total** | **$2,754** | ## Key Amenities - A/C ## Property Highlights - Built in 1900 - 0.29 acre lot - 2 stories ## Description ### Agent Description OUTSTANDING INVESTMENT OPPORTUNITY! Brick two-story seven-unit multifamily property featuring seven spacious three-bedroom, one-bath townhouse apartments, each with a private exterior entrance. Current gross rental income is $6,875 per month, or $82,500 annually, providing an attractive existing income stream with potential for continued growth. Over half of the units have been remodeled in recent years, with rents as high as $1,075/month, offering investors a strong combination of current cash flow and future upside. Individual rents range from $925 to $1,075/month. Tenants pay electric and gas; owner pays water, sewer and trash. Full unfinished walkout basement provides excellent storage potential and access to the rear yard and parking. Additional off-street parking is available. Three-bedroom townhouse apartments offer strong tenant appeal and rental demand in this location. Conveniently situated in Old North Dayton, just minutes from downtown Dayton and Dayton Children's Hospital. A compelling opportunity for investors seeking established rental income, desirable unit layouts and value-add potential. *note: operating expences and NOI are averages estimated over 12 months based on some of the first 6 months performance of 2026 and do not include professional management fees or capital improvements such as remodeling of unit expences or some variable expences. ## Location - **Address:** 151 Grove Avenue, Dayton, OH 45404 - **County:** Montgomery - **Neighborhood:** City/Dayton Rev - **Coordinates:** 39.777122, -84.173597 - **Google Maps:** https://www.google.com/maps?q=39.777122,-84.173597 ## Listing Agent - **Name:** Philip L Herman - **Brokerage:** RE/MAX Real Estate Specialists - **Broker Phone:** (937) 305-4838 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/151-Grove-Ave_Dayton_OH_45404_M40055-33298?f=listhub&s=DABROH&m=969165&c=propsimple) ## Photos ![151 Grove Avenue - Photo 1](http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f1294014416r.jpg) ![151 Grove Avenue - Photo 2](http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f4219498183r.jpg) ![151 Grove Avenue - Photo 3](http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f4152496816r.jpg) --- **MLS#:** 969165 | **Updated:** 2026-10-29 **Source:** listhub *Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/151-grove-avenue-dayton-oh-45404-b31383770c434238a01631597f28d68e) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/151-grove-avenue-dayton-oh-45404-b31383770c434238a01631597f28d68e#listing", "url": "https://staging.propertysimple.ai/listing/151-grove-avenue-dayton-oh-45404-b31383770c434238a01631597f28d68e", "name": "151 Grove Avenue, Dayton, OH 45404", "description": "OUTSTANDING INVESTMENT OPPORTUNITY! Brick two-story seven-unit multifamily property featuring seven spacious three-bedroom, one-bath townhouse apartments, each with a private exterior entrance. Current gross rental income is $6,875 per month, or $82,500 annually, providing an attractive existing income stream with potential for continued growth. Over half of the units have been remodeled in recent years, with rents as high as $1,075/month, offering investors a strong combination of current cash flow and future upside. Individual rents range from $925 to $1,075/month. Tenants pay electric and gas; owner pays water, sewer and trash. Full unfinished walkout basement provides excellent storage potential and access to the rear yard and parking. Additional off-street parking is available. Three-bedroom townhouse apartments offer strong tenant appeal and rental demand in this location. Conveniently situated in Old North Dayton, just minutes from downtown Dayton and Dayton Children's Hospital. A compelling opportunity for investors seeking established rental income, desirable unit layouts and value-add potential. *note: operating expences and NOI are averages estimated over 12 months based on some of the first 6 months performance of 2026 and do not include professional management fees or capital improvements such as remodeling of unit expences or some variable expences.", "image": [ "http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f1294014416r.jpg", "http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f4219498183r.jpg", "http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f4152496816r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f1294014416r.jpg", "caption": "151 Grove Avenue - Dayton, OH" }, "datePosted": "2026-09-16", "dateModified": "2026-10-29T02:22:16.874Z", "mainEntity": { "@type": "Accommodation", "@id": "https://staging.propertysimple.ai/listing/151-grove-avenue-dayton-oh-45404-b31383770c434238a01631597f28d68e#property", "name": "151 Grove Avenue, Dayton, OH 45404", "address": { "@type": "PostalAddress", "streetAddress": "151 Grove Avenue", "addressLocality": "Dayton", "addressRegion": "OH", "postalCode": "45404", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 39.777122, "longitude": -84.173597 }, "image": [ "http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f1294014416r.jpg", "http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f4219498183r.jpg", "http://lh.rdcpix.com/690e5e6dbc10f7e2386032bd78407591l-f4152496816r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "969165" }, "accommodationCategory": "Other", "numberOfBedrooms": 3, "numberOfBathroomsTotal": 1, "numberOfFullBathrooms": 1, "floorSize": { "@type": "QuantitativeValue", "value": 12606, "unitCode": "FTK", "unitText": "square feet" }, "yearBuilt": 1900, "amenityFeature": [ { "@type": "LocationFeatureSpecification", "name": "Heating", "value": "Forced Air, Natural Gas" }, { "@type": "LocationFeatureSpecification", "name": "Cooling", "value": "Central Air" }, { "@type": "LocationFeatureSpecification", "name": "Appliances", "value": "Range, Refrigerator" }, { "@type": "LocationFeatureSpecification", "name": "Construction Materials", "value": "Brick" }, { "@type": "LocationFeatureSpecification", "name": "Pool Features", "value": "Porch" }, { "@type": "LocationFeatureSpecification", "name": "Parking Features", "value": "Garage" }, { "@type": "LocationFeatureSpecification", "name": "Air Conditioning", "value": true } ], "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "0.29 acres" }, { "@type": "PropertyValue", "name": "Stories", "value": 2 }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Other" } ] }, "offers": { "@type": "Offer", "@id": "https://staging.propertysimple.ai/listing/151-grove-avenue-dayton-oh-45404-b31383770c434238a01631597f28d68e#offer", "url": "https://staging.propertysimple.ai/listing/151-grove-avenue-dayton-oh-45404-b31383770c434238a01631597f28d68e", "price": 514999, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://staging.propertysimple.ai/listing/151-grove-avenue-dayton-oh-45404-b31383770c434238a01631597f28d68e#agent" } }, "provider": { "@type": "Person", "@id": "https://staging.propertysimple.ai/listing/151-grove-avenue-dayton-oh-45404-b31383770c434238a01631597f28d68e#agent", "name": "Philip L Herman", "worksFor": { "@type": "Organization", "@id": "https://staging.propertysimple.ai/listing/151-grove-avenue-dayton-oh-45404-b31383770c434238a01631597f28d68e#brokerage", "name": "RE/MAX Real Estate Specialists", "telephone": "(937) 305-4838" } } } ```