905 Glendean AvenueRiverside, OH 45431

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26 beds 12 full baths 10,080 sqft

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Listed By

Agency Name: Howard Hanna Real Estate Serv
Agency Phone: (937) 435-1177

Shown By

Agent Name: Michael Payne
Agent Phone: (330) 808-1993
Agency Title: Cutler Real Estate

Contact Michael Payne About This Property

Property Description

Exceptional Multi-Family Investment Opportunity in Riverside! A new roof and full round of maintenance has just been completed on this incredible 12-unit multi-family property! Located in the highly desirable Riverside neighborhood of Dayton, with over 10,000 total square feet, this investment gem features 10 spacious two-bedroom apartments and 2 three-bedroom apartments, each designed to attract and retain long-term tenants. Currently fully occupied and generating strong returns, this property boasts an impressive cap rate approaching 10%, offering excellent cash flow and endless income potential. Whether you’re a first-time investor looking for a solid entry point or a seasoned investor seeking to expand your portfolio, this property checks all the boxes. Highlights: 12 total units: (10) 2-bedrooms + (2) 3-bedrooms. Over 10,000 sq. ft. of rentable space. Consistently strong rental history. Nearly 10% cap rate with great cash flow. Located in the growing and convenient Riverside neighborhood. Fully occupied and ready for its new owner. This is a turnkey investment with proven performance—a rare find in today’s market. Don’t miss your chance to own a property that will continue to generate reliable, long-term income for years to come!

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Cooling: Central

Heating: Forced Air

Lot Size: 0.38 Acres

Year Built: 1971

Feature Descriptions

Appliance Features: Range, Refrigerator

Basement Features: Full

Exterior: Brick

Lot Dimensions: 105x170x85x182

Utilities: 220 Volt Outlet

Local Schools

School District: Mad River

Demographics

Montgomery County Demographic Information for

Fips

Fips Code 39113

Population

2020 to 2023 Change down 0.7%

2010 Count 535,153

2020 Count 537,309

2023 Estimate (V2023) 533,796

2020 Estimate (V2023) 537,306

Age Distribution (Years Old)

0 to 4 5.8%

5 to 17 21.9%

18 to 64 53.6%

65 and Older 18.7%

Gender

Male 48.5%

Female 51.5%

Place of Birth

Foreign 5.0%

US 95.0%

Education

High School Graduate, Age 25+ 91.7%

Bachelor's Degree or Higher, Age 25+ 30.0%

Computer and Internet use

Households with a computer 93.0%

Households with a broadband Internet subscription 88.4%

Language

English is Second Language, Age 5+ 6.4%

English is First Language, Age 5+ 93.6%

Veterans

Veterans 36,415

Income

Per Capita Income $35,767

Median Household Income $61,942

People in Poverty 14.3%

Commute

Average Work Commute Time 23 minutes

Housing

Total Housing Units 252,781

Households 228,062

Average Household Size 2.27

Owner-Occupied 62.3%

Multi-Family 24.3%

Owner-Occupied Median Value $154,300

Median selected monthly owner costs -with a mortgage $1,346

Median selected monthly owner costs -without a mortgage $556

Median gross rent $925

Building Permits

New Private Housing Issued 2023 1,115

Years at Residence

1 Year or More 83.7%

Less Than 1 Year 16.3%

Business and Employment

Private non-farm Establishments 10,993

Private non-farm Employment 224,011

Private non-farm Employment Growth up 0.9%

Nonemployer Establishments 35,834

Number of Firms 40,350

Business Production

Value of Shipments $9,405,685,000

Wholesale Trade $8,384,635,000

Retail Trade $8,441,166,000

Retail Sales Per Capita $12,147

Accommodation and Food Services $1,176,468,000

Land

Land Area 461.55 sq. miles

Population Per Square Mile 1,160

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 4,299.64 per month $4,066.30 Principal & Interest $0.00 Property Tax (data not provided by mls) $233.33 Homeowner's Insurance