321 W Norman Avenue, Dayton, OH 45405

Property Description

This brick 4-plex offers an excellent value-add opportunity for investors seeking both current income and upside potential. Two of the four spacious 1-bedroom, 1-bath units are currently occupied, providing immediate cash flow, while the remaining units offer the ability to increase rents, place new tenants, or renovate further to maximize returns. Each unit features comfortable layouts with updated laminate and tile flooring, newer windows, and durable tile finishes in the kitchens and bathrooms. Block glass basement windows provide additional security and natural light. Major mechanical improvements have already been completed, including a roof installed in 2017, two newer furnaces, three newer hot water heaters, updated electrical, PEX supply plumbing, and SCH 40 drain lines—helping reduce future maintenance concerns. The basement includes washer and dryer hookups with potential to add coin-operated laundry for additional income. Tenants pay gas and electric, while the landlord covers water, sewer, and trash, offering a straightforward expense structure. With solid construction, key system updates, and room to grow income, this property presents a strong opportunity for both seasoned and newer investors alike.