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$200,000
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Property Description
Rare opportunity to acquire a historic mixed-use redevelopment property in one of Downtown Dayton's fastest-growing districts. Built circa 1865, this property is one of the few buildings to survive both the Great Dayton Flood and the East Third Street fire of 1913, offering authentic historic character that cannot be replicated. Located in the emerging Fire Blocks District, this property is surrounded by new restaurants, renovated residential buildings, and continued private investment, positioning it for strong long-term appreciation and redevelopment potential. Approximately 6,000 square feet total (about 2,000 sq ft per level) plus a full basement. Open layouts on all floors allow multiple redevelopment strategies including: "¢ Mixed-use retail + residential conversion "¢ 4-6 apartment unit potential (buyer to verify) "¢ Luxury loft redevelopment "¢ Creative office or live/work spaces "¢ Boutique commercial redevelopment "¢ Long-term hold investment Concept plans available showing potential mixed-use configuration. Upper floors feature exposed brick, tall ceilings, industrial architectural details, and original structural character ideal for adaptive reuse. Property has been cleared out with partial demolition completed, reducing early redevelopment costs. This is a true blank slate redevelopment opportunity for experienced investors or developers looking to add value through renovation and repositioning. Building will require full mechanical updates. Utilities have been inactive for several years. Sold as-is. Buyer responsible for all inspections, zoning verification, tax abatements, and redevelopment approvals. Must close with M&M Title Agency (details available from listing agent). Opportunities like this rarely come available in Downtown Dayton's redevelopment corridor. Ideal for investors seeking a historic repositioning project with strong upside potential.
Full Property Details
Full Property Details for 138 E 3rd St
General
- Sold For: $200,000
- Status: Closed
- Type: Multi-Family
- Source: 506
- MLS ID: 944969
- Added to Site: 328 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Parking
- Parking Features: No Garage, On Street
Location
- County: Montgomery
- Subdivision: East Third St
- Cross Streets: St.Clair
School Information
- Elem School District: Dayton
- Midd School District: Dayton
- High School District: Dayton
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
Utilities
- Water: Public
- Utility Description: Natural Gas Available, Water Available
Structural Information
- # Buildings: 1
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Stories/Levels: 3
- Square Feet: 7,144
- Sq. Ft. Source: Assessor
- Living Area: 7,144 Sq. Ft.
- Year Built: 1865
Unit Information
- Unit Type: 1 Bedroom
Lot Features
- Lot Size (Acres): 0.043
- Lot Size (Sq. Ft.): 1,873
- Lot Size: 1873
- Lot Size Source: Assessor
- Lot Dimensions: 20 x 100
- Zoning: Commercial, Multiple
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Terms: Conventional, Land Contract
Disclosures and Reports
- Ownership: Agent Owned
- Legal Description: 149 PT
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: R72-00508-0015
Listed by Unity Real Estate (937) 275-2020, Ruby Annie Newbourn (937) 287-7417
Sold by Howard Hanna Real Estate Serv (937) 440-8740, Jerri Barlage
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Schools
Schools serving 138 E 3rd St
School District:Dayton City School District
| Name | Grades | Distance |
|---|---|---|
Ruskin Prek-8 School 407 Ambrose Court, Dayton, OH 45410 | PK-6 | 1.1 mi |
Kiser Elementary School 1401 Leo Street, Dayton, OH 45404 | PK-6 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 138 E 3rd St
Date
Details
Price
Change
Source
8/05/2026
Sold
$200,000
-11.11%
MLS
5/28/2026
Price Reduced
$225,000
-10%
MLS
5/21/2026
Price Reduced
$250,000
-9.09%
MLS
4/30/2026
Price Reduced
$275,000
-8.33%
MLS
3/19/2026
Price Reduced
$300,000
-14.29%
MLS
10/02/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
138 E 3rd Street, Dayton, OH 45402 (MLS# 944969) is a Multi-Family property that was sold at $200,000 on August 05, 2026. Want to learn more about 138 E 3rd Street? 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.

