Stabilized brick asset in the heart of Kettering featuring a massive ''rent gap'', while currently yielding steady income with long term tenants. This property is primed for a ''market to market'' strategy that can increase gross revenue by 40% with minor cosmetic updates. Invest in a recession - proof US Military - corridor market, Wright-Patterson Air Force Base. Why WILLAMET ROAD? Location stability: 15 minutes to Wright-Patterson AFB, (huge tenant pool). Convenience: Less than 2 miles to the Greene Shopping & dining. High demand area: Zip Code 45429 is one of the most supply-constrained rental pockets in the Dayton MSA. Multiple improvements: Upgraded carport drainage (in 2024 a new drainage system preventing water from pooling and freezing totally mitigating fall hazards) and added motion sensor lights improving nighttime visibility and safety. New household appliances: two units with new water heaters, two AC wall units, one with new range, two units have new microwaves, one new furnace, one has building owner washer /dryer and partially furnished. New gutters; high quality (Monolithic gutters in 2025). General repair: new toilet, bathtub plumbing replaced, 2 kitchen faucets replaced, front steps concrete landing installed in 2024, rebuilt handrails for safety, fluorescent lighting installed, furnaces cleaned and serviced annually, lawn cared for annually. Units 1554 and 1560 each have a Radon System installed. In general, the property has been well maintained throughout the years. Long term tenants take great care of their units, and all would like to stay.
Active under contract
$399,900
1554 Willamet Rd, Dayton, OH 45429
4beds
2,432sqft
Multi Family
Built in 1964
-- sqft lot
$398,000 Zestimate®
$164/sqft
$-- HOA
What's special
Rebuilt handrails for safetyLawn cared for annuallyFluorescent lighting installedStabilized brick assetBathtub plumbing replacedNew water heatersNew range
- 89 days |
- 20 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
M. Larry Lemonds 937-524-0080,
RE/MAX Victory + Affiliates
Source: WRIST,MLS#: 1044651
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Wall Unit(s)
Appliances
- Included: Microwave, Range, Refrigerator
Features
- Ceiling Fan(s)
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 2,432
- Total interior livable area: 2,432 sqft
Video & virtual tour
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.28 Acres
- Dimensions: .28 Acres
- Features: Residential Lot
Details
- Additional structures: Storage
- Parcel number: N64028110020
- Zoning description: Multiple
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
Condition
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Supplied Water
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Tudor Park
Location
- Region: Dayton
Financial & listing details
- Price per square foot: $164/sqft
- Tax assessed value: $223,990
- Annual tax amount: $7,692
- Date on market: 4/1/2026
- Listing terms: Cash,Conventional,VA Loan
Estimated market value
$398,000
$378,000 - $418,000
$1,416/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2026 | Contingent | $399,900$164/sqft |
Source: | ||
| 4/1/2026 | Listed for sale | $399,900+100%$164/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/29/2020 | Listing removed | $700 |
Source: Owner Report a problem | ||
| 2/26/2020 | Price change | $700-9.7% |
Source: Owner Report a problem | ||
| 2/20/2020 | Listed for rent | $775 |
Source: Owner Report a problem | ||
| 6/8/2004 | Sold | $200,000$82/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,692 +1.7% | $78,400 |
| 2023 | $7,563 +15% | $78,400 +24% |
| 2022 | $6,577 +4.9% | $63,220 |
| 2021 | $6,268 -0.7% | $63,220 |
| 2020 | $6,313 -7.4% | $63,220 -1.6% |
| 2019 | $6,820 -1.2% | $64,230 |
| 2018 | $6,904 +5.4% | $64,230 |
| 2017 | $6,551 +85.6% | $64,230 +84.7% |
| 2016 | $3,529 +2.4% | $34,770 |
| 2015 | $3,446 +0.9% | $34,770 |
| 2014 | $3,416 | $34,770 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 45429
Nearby schools
GreatSchools rating
- 7/10Beavertown Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 6/10Kettering Middle SchoolGrades: 6-8Distance: 1.6 mi
- 7/10Kettering Fairmont High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Ohio
- Montgomery County
- Kettering
- 45429
- 1554 Willamet Rd









