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
Sold for $840,000
$840,000
1602 Belvo Rd, Miamisburg, OH 45342
16beds
--baths
7,680sqft
Multi Family, Quadruplex
Built in 1987
-- sqft lot
$442,300 Zestimate®
$109/sqft
$1,194 Estimated rent
Home value
$442,300
$402,000 - $487,000
$1,194/mo
Zestimate® history
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Private entrancesTwo-story layoutsIn-unit laundryRe-paved parkingOn-site parking
Zillow last checked:
Listing updated:
Listed by:
Tushar Mehta 937-554-0922,
BHHS Professional Realty 937-436-9494
Bought with:
Non Member
NonMember Firm
Source: Cincy MLS,MLS#: 1844765
Originating MLS: Cincinnati Area Multiple Listing Service
Originating MLS: Cincinnati Area Multiple Listing Service
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
Heating
- Gas
Cooling
- Central Air, Separate Air Conditioning
Appliances
- Laundry: Individual Laundry
Features
- Windows: Double Hung
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 7,680
- Total interior livable area: 7,680 sqft
Property
Parking
- Total spaces: 20
- Parking features: Asphalt, Lighted, Parking Lot, Off Street, On Street
- Uncovered spaces: 20
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Yard Lights
- Fencing: Wood
- Has view: Yes
- View description: City
Lot
- Size: 0.8 Acres
Details
- Parcel number: K46013130001
- Zoning description: Residential,Multi Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Gas: Natural
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Miamisburg
Financial & listing details
- Price per square foot: $109/sqft
- Annual tax amount: $13,846
- Date on market: 6/16/2025
- Listing terms: No Special Financing,Conventional
- Total actual rent: 1150
- Tenant pays: Heat
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2025 | Sold | $840,000-2.3%$109/sqft |
Source:  Cincy MLS #1844765 Report a problem | ||
| 7/16/2025 | Pending sale | $860,000$112/sqft |
Source: Cincy MLS #1844765 Report a problem | ||
| 6/17/2025 | Listed for sale | $860,000+149.3%$112/sqft |
Source: Cincy MLS #1844765 Report a problem | ||
| 3/29/2022 | Sold | $345,000-8%$45/sqft |
Source: Public Record Report a problem | ||
| 10/26/2021 | Listing removed | -- |
Source: DABR MLS Report a problem | ||
| 10/20/2021 | Price change | $375,000-50%$49/sqft |
Source: Owner Report a problem | ||
| 10/15/2021 | Listed for sale | $750,000+150%$98/sqft |
Source: Owner Report a problem | ||
| 8/31/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/30/2021 | Listed for sale | $300,000+62.2%$39/sqft |
Source: Owner Report a problem | ||
| 4/30/2013 | Listing removed | $185,000$24/sqft |
Source: RE/MAX Victory #542769 Report a problem | ||
| 12/11/2012 | Listed for sale | $185,000+0.8%$24/sqft |
Source: RE/MAX Victory #542769 Report a problem | ||
| 2/16/2005 | Sold | $183,500$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,899 -0.3% | $83,650 |
| 2024 | $6,923 -5.7% | $83,650 |
| 2023 | $7,340 +59.8% | $83,650 +67% |
| 2022 | $4,595 +8.7% | $50,090 |
| 2021 | $4,227 +1.5% | $50,090 |
| 2020 | $4,166 -5.3% | $50,090 |
| 2019 | $4,400 -1.2% | $50,090 |
| 2018 | $4,454 +0.4% | $50,090 |
| 2017 | $4,438 +0.3% | $50,090 |
| 2016 | $4,426 -0.6% | $50,090 |
| 2015 | $4,451 +1.8% | $50,090 |
| 2014 | $4,371 | $50,090 |
Find assessor info on the county website
Neighborhood: 45342
Nearby homes
- $420,0008 bd8 ba3.8k sqft1608 Belvo Rd #1602, Miamisburg, OH 45342Sold
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- $413,9002 bd2 ba1.9k sqft1020 Woods View Ct, Miamisburg, OH 45342Off Market
Nearby schools
GreatSchools rating
- 6/10Mound Elementary SchoolGrades: 3-5Distance: 0.7 mi
- 6/10Miamisburg Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Miamisburg High SchoolGrades: 9-12Distance: 0.4 mi
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Estimated market value
$442,300
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Estimated market value
$442,300
- Ohio
- Montgomery County
- Miamisburg
- 45342
- 1602 Belvo Rd
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