Listed by Verti Commercial Real Estate
$1,275,000
305-315 N Broadway
Details
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 14,400
Units 16
Occupancy 88%
Tenancy Multi
Pro-Forma Cap Rate 8.03%
Pro-Forma NOI $102,395
Class B
Year Built 1970
Year Renovated 2023
Buildings 2
Investment Type Value Add
Multifamily | 16 Units | $79,688/unit
Marketing description
305-315 N Broadway near Trotwood, OH, offers significant operational value-add upside. All 16 units are identical 2x1s, fully renovated, with loss-to-lease recapture opportunity. This well-maintained 14,400 SF building is strategically positioned for sustained investment returns. Built in 1970 and currently at 88% occupancy, this property sits .5 miles from Trotwood Madison High School and 10 minutes outside of Dayton, OH. With its operational value-add potential, it represents an attractive opportunity for investors seeking long-term profitability and asset enhancement.
Investment highlights
- Fully Renovated Units: All 16 units feature stainless steel appliances, LVP flooring, new cabinets, and luxury-finished bathrooms, eliminating near-term capital expenditure risk.
- Uniform Unit Mix: A consistent 2-bedroom/1-bath layout across all 16 units simplifies operations, leasing, and tenant turnover management.
- Immediate Loss-to-Lease Upside: Current rents are $125–$200 below market, with new leases already trending toward market rate, creating a clear and near-term revenue growth path.
- Operational Expense Reduction Potential: The property's condition and unit uniformity position a new owner to meaningfully reduce ongoing operating costs and improve NOI.
- Well-Maintained 14,400 SF Building: The building's physical condition reflects disciplined ownership, reducing risk and shortening the path to optimized performance.
- Strategic Dayton-Area Location: Situated just 10 minutes outside of Dayton and half a mile from Trotwood Madison High School, the property benefits from stable residential demand drivers.
- Value-Add Without the Heavy Lift: With renovations already complete, investors can execute on the value-add thesis through operational improvements alone — no gut rehab required.
- Attractive Entry Point for Long-Term Hold: The combination of in-place cash flow, below-market rents, and reduced capital needs makes this an ideal acquisition for investors focused on sustained returns.
Listing Contacts
Listed by Verti Commercial Real Estate
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Zoning
RMF-L ResidentialMulti FamilyResidential Multifamily And Low Density
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View all 102 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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