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  • Price cut: $25K (5/28)
    $225,000

    138 E 3rd St, Dayton, OH 45402

    4beds
    7,144sqft
    : 
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    Multi Family
    Built in 1865
    -- sqft lot
    $214,500 Zestimate®
    $31/sqft
    $-- HOA

    What's special

    Industrial architectural detailsOriginal structural characterExposed brickFull basementTall ceilingsSurrounded by new restaurants
    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.
    285 days
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    89
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    Zillow last checked:

    Listing updated:

    Listed by:

    Ruby Annie Newbourn (937)275-2020,

    Unity Real Estate

    Source: DABR MLS,MLS#: 944969MLS LogoOriginating MLS: Dayton Area Board of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Other
      Cooling
      • None
      Features
      • Basement: Full,Unfinished
      Interior area
      • Total structure area: 7,144
      • Total interior livable area: 7,144 sqft

      Property

      Parking
      • Parking features: No Garage, On Street
      Lot
      • Size: 1,873 Square Feet
      • Dimensions: 20 x 100
      Details
      • Parcel number: R72005080015
      • Zoning: Commercial,Multiple
      • Zoning description: Commercial,Multiple

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      Condition
      • Year built: 1865

      Utilities & green energy

      • Water: Public
      • Utilities for property: Natural Gas Available, Water Available

      Community & HOA

      Community
      • Subdivision: East Third St
      Location
      • Region: Dayton

      Financial & listing details

      • Price per square foot: $31/sqft
      • Tax assessed value: $34,080
      • Annual tax amount: $1,619
      • Date on market: 10/2/2025
      • Listing terms: Conventional,Land Contract
      • Ownership: Agent Owned

        Estimated market value

        $214,500

        $204,000 - $225,000

        $1,357/mo

        Price history

        DateEventPrice
        5/28/2026Price change$225,000-10%$31/sqft
        Source: DABR MLS #944969 Report a problem
        5/21/2026Price change$250,000-9.1%$35/sqft
        Source: DABR MLS #944969 Report a problem
        4/30/2026Price change$275,000-8.3%$38/sqft
        Source: DABR MLS #944969 Report a problem
        3/19/2026Price change$300,000-14.3%$42/sqft
        Source: DABR MLS #944969 Report a problem
        10/3/2025Listed for sale$350,000+121.5%$49/sqft
        Source: DABR MLS #944969 Report a problem
        7/21/2025Sold$158,000-36.8%$22/sqft
        Source: DABR MLS #926940 Report a problem
        6/26/2025Pending sale$250,000$35/sqft
        Source: DABR MLS #926940 Report a problem
        6/15/2025Listed for sale$250,000$35/sqft
        Source: DABR MLS #924519 Report a problem
        6/2/2025Pending sale$250,000$35/sqft
        Source: DABR MLS #924519 Report a problem
        5/24/2025Price change$250,000-9.1%$35/sqft
        Source: DABR MLS #924519 Report a problem
        4/3/2025Price change$275,000-8.3%$38/sqft
        Source: DABR MLS #926940 Report a problem
        3/14/2025Price change$299,900-3.3%$42/sqft
        Source: DABR MLS #926940 Report a problem
        11/30/2024Listed for sale$310,000$43/sqft
        Source: DABR MLS #924519 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,619 -3.1%$11,930
        2024$1,672 +5%$11,930
        2023$1,592 -0.2%$11,930 +4%
        2022$1,595 +0.3%$11,470
        2021$1,590 -0.9%$11,470
        2020$1,605 -76.8%$11,470 -1.7%
        2019$6,931 +304.4%$11,670
        2018$1,714 +2.5%$11,670
        2017$1,671 +0.1%$11,670
        2016$1,669 -1.3%$11,670
        2015$1,691 +3.8%$11,670
        2014$1,629 $11,670
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        93 / 100
        Walker's Paradise
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Dayton

        Source: DABR MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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