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$840,000
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Property Description
8-Unit Value-Add Portfolio. Side-by-Side TWO 4-Unit Buildings. Miamisburg, OH Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio$860,000 total ($430,000 per building). Seller will not sell individually. Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant. Investment Highlights: 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month) Below-market rents with strong upside Well-maintained asset with functional layouts On-site parking | Asphalt lots resurfaced 2022
Full Property Details
Full Property Details for 1602 Belvo Rd
General
- Sold For: $840,000
- Taxes: $13,846
- Status: Closed
- Type: Multi-Family
- Source: Cincinnati
- MLS ID: 1844765
- Added to Site: 216 day(s) ago
Interior
- Interior Features: Individual Laundry
- Appliances: Dishwasher, Range, Fridge
Additional Information
- Other Features: Individual Laundry
Exterior
- Exterior Features: Patio, Wood Fence, Yard Lights
Parking
- Total Spaces: 20
- Parking: Asphalt, Lights, Lot, Off-Street Parking, On-Street Parking
Location
- Area: Montgomery Co.
- County: Montgomery
- Township: Miami Twp-Miamisburg City Ii-M
- Driving Directions: From Maue (Lyons Road), left on S. Gebhart Church Road, Right on Belvo Road.
School Information
- School District: Miamisburg City SD
- High School District: Miamisburg City SD
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air Conditioning
- Separate Air Cond.: Yes
- Heating Type: Gas
- Heating Fuel: Natural
- Separate Furnace: Yes
Utilities
- Separate Gas/Elect: Yes
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 2
- Architectural Style: Two Story
- Exterior Const.: Vinyl Siding
- Basement Desc.: None
- Foundation: Slab
- Roof: Shingle
- Windows: Double-Hung
- Stories/Levels: Two
- Square Feet: 7,680
- Year Built: 1987
Unit Information
- 2 Bedroom Units: 8
- 2 Bedroom Sq. Ft.: 960
Unit 2
- Bedrooms: 8
Lot Features
- Property View: City
- Lot Size (Acres): 0.8
- Lot Size (Sq. Ft.): 34,848
- Zoning: Residential, Multi Family
Financial Considerations
- Semi-Annual Taxes: $6923
- Tax Amount: $13,846
- Tenant Expense: Heat
- Pays Heat: Tenant
- Pays Water: Owner
Disclosures and Reports
- Documents Avail.: P & L's, Rent Roll
- APN: K46013130001
Listed by BHHS Professional Realty (937) 436-9494, Tushar Mehta
Sold by NonMember Firm (NONMEM) 513-000-0000, Non Member
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Schools
Schools serving 1602 Belvo Rd
School District:Miamisburg City School District
| Name | Grades | Distance |
|---|---|---|
Miamisburg High School 1860 Belvo Road, Miamisburg, OH 45342 | 9-12 | 0.2 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 1602 Belvo Rd
Date
Details
Price
Change
Source
7/29/2025
Sold
$840,000
-2.33%
MLS
6/16/2025
Listed
$860,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1602 Belvo Road, Miamisburg, OH 45342 (MLS# 1844765) is a Multi-Family property that was sold at $840,000 on July 29, 2025. Want to learn more about 1602 Belvo Road? Do you have questions about finding other Multi-Family real estate for sale in Miamisburg? You can browse all Miamisburg real estate or contact a Coldwell Banker agent to request more information.

