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$614,999

  • For Sale
  • Active
  • Multi-Family
  • 12 Total Beds
  • Updated 13 days ago
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***Recent Refurbished unit (December 2025)*** Turnkey 7-Unit Multifamily | Steps from University of Dayton | Fully Leased Income Stream 14-20 Mello Avenue Dayton, OH 45410 Acquire a fully leased seven-unit multifamily property in one of Dayton's most sought-after rental corridors. Just steps from the University of Dayton (UD), this turnkey building pairs immediate cash flow with brand-new capital improvements, including a new roof installed Summer 2025 creating years of low-maintenance ownership. Property Highlights "¢ Five 2BR/1BA apartments "¢ Two 1BR/1BA apartments "¢ Dedicated off-street parking for seven vehicles plus ample street parking "¢ Well-maintained common areas and mechanicals. Location Advantages "¢ Prime Access: Walk to UD's academic core, athletics, and student services "¢ Parking Advantage: Private rear lot, rarely available near campus "¢ High Demand: UD proximity drives exceptional occupancy and rent resilience. Investor Takeaway Opportunities of this caliber near the University of Dayton are scarce and tightly held. Whether you're expanding a portfolio or entering Dayton's multifamily market, this property offers a rare chance to own a high-demand asset in a proven, supply-constrained location.

Full Property Details for 14-20 Mello Ave

General

  • Price: $614,999
  • Status: Active
  • Type: Multi-Family
  • Source: 506
  • MLS ID: 944148
  • Updated: 1/3/2026
  • Added to Site: 108 day(s) ago

Interior

  • Interior Features: High Speed Internet
  • Appliances: Dishwasher, Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 7

Bedrooms

  • Total Bedrooms: 12

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Balcony, Patio
  • Porch/Patio/Deck: Balcony, Patio

Parking

  • Parking Features: No Garage, Parking Lot, On Street

Location

  • County: Montgomery
  • Subdivision: Fort Mckinley

School Information

  • Elem School District: Dayton
  • Midd School District: Dayton
  • High School District: Dayton

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)
  • Heating Type: Baseboard

Utilities

  • Water: Public
  • Cable Available: Yes
  • Utility Description: Natural Gas Available, Sewer Available, Water Available, Cable Available

Structural Information

  • # Buildings: 1
  • Construction: Aluminum Siding, Brick
  • Stories/Levels: 2
  • Sq. Ft. Source: Assessor
  • Year Built: 1972

Unit Information

  • Unit Type: 1 Bedroom, 2 Bedroom

Lot Features

  • Lot Size (Acres): 0.1033
  • Lot Size (Sq. Ft.): 4,500
  • Lot Size: 4500
  • Lot Size Source: Assessor
  • Lot Dimensions: 77 x 120
  • Zoning: Residential

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Terms: Conventional

Disclosures and Reports

  • Legal Description: 26335
  • Property ID: R72-03307-0020

Listed by Keller Williams Community Part (937) 530-4904, Stephen S Payne (937) 776-5640

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Listing agent

— 14-20 Mello Ave —

  • Stephen S Payne

    Keller Williams Community Part

    (937) 530-4904

(937) 530-4904

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 14-20 Mello Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/03/2026
Price Increased
$614,999
2.84%
MLS
10/20/2025
Price Reduced
$597,999
-0.17%
MLS
9/30/2025
Listed
$598,999
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Keller Williams Community Part (937) 530-4904, Stephen S Payne (937) 776-5640

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14-20 Mello Avenue, Dayton, OH 45410 (MLS# 944148) is a Multi-Family property with 7 units containing 12 bedrooms and 7 full bathrooms. 14-20 Mello Avenue is currently listed for $614,999 and was received on September 30, 2025. Want to learn more about 14-20 Mello 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.

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