Property Description

Excellent investment opportunity at 114–116 Ridge Avenue! This updated side-by-side duplex features two spacious 3-bedroom, 1-bath units. Unit 114 is currently rented for $795 per month, while Unit 116 is vacant and available for showings or immediate lease-up. Estimated market rent is approximately $1,100 per unit, offering potential gross rental income of $2,200 per month.Approximately $40,000 in total improvements have been completed, including new furnaces in both units, remodeled interiors, updated electrical and plumbing, and new attic insulation. Interior updates include flooring, paint, kitchen countertops, light switches, hinges, tubs, vanities, and toilets. Both units also feature relatively new appliances. A new roof was installed in 2024 (not included in listed financial improvements).With one occupied unit providing immediate income, one vacant unit ready for placement, and substantial improvements already completed, this duplex offers an attractive combination of cash flow and additional rental upside for its next owner.

114-116 Ridge Avenue | MLS# 965740

This multi-family property located at 114-116 Ridge Avenue, Dayton, OH 45405 is currently listed for sale with an asking price of $160,000. 114-116 Ridge Avenue is located within the Dayton school district. Search Dayton real estate on 10352jeromeroad.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Heating: Conversion Gravity, Forced Air

Lot Size: 0.10 Acres

Taxes: $1,219

Year Built: 1913

Feature Descriptions

Exterior: Aluminum

Lot Dimensions: Irregular Dimensions

Local Schools

School District: Dayton

Demographics

Montgomery County Demographic Information for 114-116 Ridge Avenue, Dayton, OH 45405

Fips

Fips Code 39113

Population

2020 to 2025 Change up 0.4%

2010 Count 535,153

2020 Count 537,309

2025 Estimate (V2025) 539,598

2020 Estimate (V2025) 537,306

Age Distribution (Years Old)

0 to 4 5.7%

5 to 17 21.9%

18 to 64 53.2%

65 and Older 19.2%

Gender

Male 48.4%

Female 51.6%

Place of Birth

Foreign 5.3%

US 94.7%

Education

High School Graduate, Age 25+ 92.6%

Bachelor's Degree or Higher, Age 25+ 31.3%

Computer and Internet use

Households with a computer 94.6%

Households with a broadband Internet subscription 90.6%

Language

English is Second Language, Age 5+ 7.3%

English is First Language, Age 5+ 92.7%

Veterans

Veterans 34,904

Income

Per Capita Income $38,450

Median Household Income $66,139

People in Poverty 14.4%

Commute

Average Work Commute Time 22 minutes

Housing

Total Housing Units 252,781

Households 231,319

Average Household Size 2.24

Owner-Occupied 62.5%

Multi-Family 24.3%

Owner-Occupied Median Value $180,900

Median selected monthly owner costs -with a mortgage $1,438

Median selected monthly owner costs -without a mortgage $604

Median gross rent $1,026

Building Permits

New Private Housing Issued 2024 933

Years at Residence

1 Year or More 85.9%

Less Than 1 Year 14.1%

Business and Employment

Private non-farm Establishments 10,930

Private non-farm Employment 234,881

Private non-farm Employment Growth up 0.9%

Nonemployer Establishments 37,294

Number of Firms 7,720

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

$ 967.85 per month $819.60 Principal & Interest $101.58 Property Tax $46.67 Homeowner's Insurance

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114-116 Ridge AvenueDayton, OH 45405