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$145,000
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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.
Full Property Details
Full Property Details for 114-116 Ridge Ave
General
- Sold For: $145,000
- Status: Closed
- Type: Multi-Family
- Source: 506
- MLS ID: 965740
- Added to Site: 73 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Parking Features: No Garage
Location
- County: Montgomery
- Subdivision: City/Dayton Rev
School Information
- Elem School District: Dayton
- Midd School District: Dayton
- High School District: Dayton
Heating & Cooling
- Cooling Type: Other
- Heating Type: Forced Air, Gravity
Structural Information
- # Buildings: 1
- Construction: Aluminum Siding
- Basement Desc.: Other
- Stories/Levels: 2
- Square Feet: 2,696
- Sq. Ft. Source: Assessor
- Living Area: 2,696 Sq. Ft.
- Year Built: 1913
Unit Information
- Unit Type: 3 Bedroom
Lot Features
- Lot Size (Acres): 0.0992
- Lot Size (Sq. Ft.): 4,321
- Lot Size: 4321
- Lot Size Source: Assessor
- Lot Dimensions: Irregular Dimensions
- Zoning: Residential
Financial Considerations
- For Sale/Rent/Lease: For Sale
Disclosures and Reports
- Legal Description: 23886 PT
- Property ID: R72-06011-0001
Listed by BHHS Professional Realty (937) 306-6181, Brian Sharp (937) 776-7489
Sold by BHHS Professional Realty (937) 436-9494, Tushar Mehta
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Price & Sales History for 114-116 Ridge Ave
Date
Details
Price
Change
Source
9/16/2026
Sold
$145,000
-9.38%
MLS
8/03/2026
Listed
$160,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
114-116 Ridge Avenue, Dayton, OH 45405 (MLS# 965740) is a Multi-Family property that was sold at $145,000 on September 16, 2026. Want to learn more about 114-116 Ridge 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.

