Well-maintained common areasPrivate rear lotAmple street parking
***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.
59 days
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312
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17
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Zillow last checked:
Listing updated:
Listed by:
Stephen S Payne(937)530-4904,
Keller Williams Community Part
Source: DABR MLS,MLS#: 959231Originating MLS: Dayton Area Board of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 7
Full bathrooms: 7
Heating
Baseboard
Cooling
Wall Unit(s)
Appliances
Included: Dishwasher, Range, Refrigerator
Features
High Speed Internet
Property
Parking
Parking features: No Garage, Parking Lot, On Street
Features
Patio & porch: Balcony, Patio
Exterior features: Balcony, Patio
Lot
Size: 4,499 Square Feet
Dimensions: 77 x 120
Details
Parcel number: R72033070020
Zoning: Residential
Zoning description: Residential
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Aluminum Siding, Brick
Foundation: Slab
Condition
Year built: 1972
Utilities & green energy
Water: Public
Utilities for property: Natural Gas Available, Sewer Available, Water Available, Cable Available
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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