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$235,000
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Property Description
This well-maintained four-unit multifamily property offers an excellent opportunity for investors seeking a stable addition to their portfolio. Each unit is designed with two bedrooms and one bathroom, providing a practical and efficient layout that appeals to a wide range of renters. The building is currently vacant, giving new ownership flexibility to determine rental terms and complete finishing touches before occupancy. The property is in good overall condition, minimizing the need for major repairs and offering a strong foundation for value-add improvements. Investors will have the chance to implement upgrades that align with their leasing strategy, which can further enhance rental income and tenant appeal. According to HUD's Small Area Fair Market Rents, the estimated rental value for each unit is approximately $930 per month. With all four units leased, this equates to an estimated gross rental income of $3,720 per month. This projection highlights the property's strong income potential and positions it as a compelling opportunity in today's multifamily market. Located in Dayton, the property benefits from convenient access to local services, shopping, schools, and major transportation routes. Its central location makes it appealing for long-term tenant demand. For investors, the combination of multiple units under one roof, reliable market rent projections, and the ability to add value through finishing work creates a strong foundation for long-term returns. Whether you are an experienced investor expanding your portfolio or seeking your first multifamily property, 108 E. Norman Avenue represents a rare opportunity to acquire a vacant, ready-for-improvement asset with excellent cash flow potential in the Dayton market. PROPERTY IS BEING SOLD AS-IS.
Full Property Details
Full Property Details for 108 E Norman Ave
General
- Sold For: $235,000
- Status: Closed
- Type: Multi-Family
- Source: 506
- MLS ID: 942829
- Added to Site: 134 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 4
- Parking Features: Driveway, Four or more Spaces, Garage, Parking Lot, On Street
Location
- County: Montgomery
School Information
- Elem School District: Dayton
- Midd School District: Dayton
- High School District: Dayton
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Natural Gas
Utilities
- Water: Public
- Utility Description: Natural Gas Available, Water Available
Structural Information
- # Buildings: 1
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Stories/Levels: 2
- Sq. Ft. Source: Assessor
- Year Built: 1951
Unit Information
- Unit Type: 4 Bedroom Or More
Lot Features
- Lot Size Source: Assessor
- Lot Dimensions: 44 x 170
- Zoning: Residential
Financial Considerations
- For Sale/Rent/Lease: For Sale
Disclosures and Reports
- Ownership: Corporate Owned
- Special Conditions: HUD Owned
- Legal Description: Parcel No. R72-06110-0009, Lot 9, Block 61, Original Plat of Dayton
- HUD: Yes
- Property ID: R72 06110 0009
Listed by Howard Hanna Real Estate Serv (937) 435-6000, Brianna Thompson (513) 693-7515
Sold by Premier Agent Network (877) 663-9366, Kenny Ngaima
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Schools
Schools serving 108 E Norman Ave
School District:Dayton City School District
| Name | Grades | Distance |
|---|---|---|
Valerie Pre-K-8 School 4020 Bradwood Drive, Dayton, OH 45405 | PK-6 | 2.3 mi |
Valerie Elementary School 3871 Yellowstone Avenue, Dayton, OH 45416 | PK-6 | 2.9 mi |
Belle Haven Pre-K-8 School 4401 Free Pike, Dayton, OH 45416 | PK-6 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 108 E Norman Ave
Date
Details
Price
Change
Source
11/21/2025
Sold
$235,000
17.5%
MLS
9/04/2025
Listed
$200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
108 E Norman Avenue, Dayton, OH 45405 (MLS# 942829) is a Multi-Family property that was sold at $235,000 on November 21, 2025. Want to learn more about 108 E Norman Avenue? Do you have questions about finding other Multi-Family real estate for sale in Dayton? You can browse all Dayton real estate or contact a Coldwell Banker agent to request more information.

