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Sold for $490,000
  • $490,000

    4840 Springfield St, Dayton, OH 45431

    9beds
    5,332sqft
    Multi Family
    Built in 1971
    -- sqft lot
    $497,900 Zestimate®
    $92/sqft
    $1,101 Estimated rent

    Home value

    $497,900

    $458,000 - $538,000

    $1,101/mo

    Zestimate® history
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    What's special

    Brick exteriorModern upgradesSlab foundationCoin laundryLvp flooring
    INVESTMENT HIGHLIGHTS * Turnkey Investment Opportunity * Outstanding Rental Market (Workforce, University, Military) * Recent Renovations EXECUTIVE SUMMARY Cash Flowing | Turnkey 8-Unit Multifamily Investment Opportunity Property Overview Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades. Interior & Exterior 7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units Financial Snapshot One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $66,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P&L available upon request- Upside potential in rents & final renovation Location Advantages Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing Investment Summary 4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gregg Russell (937)439-4500,

    Coldwell Banker Heritage,

    Paul J Howe 937-475-1963,

    Coldwell Banker Heritage

    Bought with:

    Michael Helton, 2024005053

    Coldwell Banker Heritage

    Source: DABR MLS,MLS#: 944618MLS LogoOriginating MLS: Dayton Area Board of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Baseboard
    Cooling
    • Wall Unit(s)
    Interior area
    • Total structure area: 5,332
    • Total interior livable area: 5,332 sqft

    Property

    Parking
    • Parking features: No Garage
    Lot
    • Size: 0.90 Acres
    • Dimensions: .9 acre
    Details
    • Parcel number: I39001090007
    • Zoning: Multiple
    • Zoning description: Multiple

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Slab
    Condition
    • Year built: 1971

    Community & neighborhood

    Location
    • Region: Dayton
    • Subdivision: Imperial Sub Sec 2

    Price history

    DateEventPrice
    2/9/2026Sold$490,000-1%$92/sqft
    Source: DABR MLS #944618 Report a problem
    11/24/2025Pending sale$495,000$93/sqft
    Source: DABR MLS #944618 Report a problem
    11/14/2025Price change$495,000-3.9%$93/sqft
    Source: DABR MLS #944618 Report a problem
    10/24/2025Pending sale$515,000$97/sqft
    Source: DABR MLS #944618 Report a problem
    10/7/2025Listed for sale$515,000+12%$97/sqft
    Source: DABR MLS #944618 Report a problem
    11/9/2023Sold$460,000$86/sqft
    Source: DABR MLS #895940 Report a problem
    9/27/2023Pending sale$460,000$86/sqft
    Source: DABR MLS #895940 Report a problem
    9/26/2023Listed for sale$460,000$86/sqft
    Source: DABR MLS #895940 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 45431

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Mad River

    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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    Estimated market value
    $497,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $497,900