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$240,000
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Property Description
This brick 4-plex offers an excellent value-add opportunity for investors seeking both current income and upside potential. Two of the four spacious 1-bedroom, 1-bath units are currently occupied, providing immediate cash flow, while the remaining units offer the ability to increase rents, place new tenants, or renovate further to maximize returns. Each unit features comfortable layouts with updated laminate and tile flooring, newer windows, and durable tile finishes in the kitchens and bathrooms. Block glass basement windows provide additional security and natural light. Major mechanical improvements have already been completed, including a roof installed in 2017, two newer furnaces, three newer hot water heaters, updated electrical, PEX supply plumbing, and SCH 40 drain lines-helping reduce future maintenance concerns. The basement includes washer and dryer hookups with potential to add coin-operated laundry for additional income. Tenants pay gas and electric, while the landlord covers water, sewer, and trash, offering a straightforward expense structure. With solid construction, key system updates, and room to grow income, this property presents a strong opportunity for both seasoned and newer investors alike.
Full Property Details
Full Property Details for 321 W Norman Ave
General
- Sold For: $240,000
- Status: Closed
- Type: Multi-Family
- Source: 506
- MLS ID: 953051
- Added to Site: 48 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
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: None
- Heating Type: Forced Air
Structural Information
- # Buildings: 1
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Stories/Levels: 2
- Square Feet: 4,536
- Sq. Ft. Source: Assessor
- Living Area: 4,536 Sq. Ft.
- Year Built: 1942
Unit Information
- Unit Type: 1 Bedroom
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Size: 5227
- Lot Size Source: Assessor
- Lot Dimensions: irregular
- Zoning: Residential
Financial Considerations
- For Sale/Rent/Lease: For Sale
Disclosures and Reports
- Legal Description: 47281
- Property ID: R72-11701-0038
Listed by Real of Ohio (855) 450-0442, Eric Free (937) 657-6595
Sold by Core Realty Collection (614) 286-5171, Daniel Mogilevsky
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Schools
Schools serving 321 W Norman Ave
School District:Dayton City School District
| Name | Grades | Distance |
|---|---|---|
Valerie Elementary School 3871 Yellowstone Avenue, Dayton, OH 45416 | PK-6 | 2.5 mi |
E. J. Brown Pre-K-8 School 31 Willowwood Drive, Dayton, OH 45405 | 7-8 | 0.3 mi |
Meadowdale High School 3873 Whitestone Court, Dayton, OH 45416 | 7-12 | 2.5 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 321 W Norman Ave
Date
Details
Price
Change
Source
4/14/2026
Sold
$240,000
4.39%
MLS
2/27/2026
Listed
$229,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
321 W Norman Avenue, Dayton, OH 45405 (MLS# 953051) is a Multi-Family property that was sold at $240,000 on April 14, 2026. Want to learn more about 321 W 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.

