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1608 Belvo Road #1602, 
Miamisburg, OH 45342

$430,000


8

Beds


8

Baths


3,840

Sq Ft


Multi-Family

Active

Listed by

Tushar Mehta

Bhhs Professional Realty

937-436-9494

Last updated:

June 15, 2025, 05:50 PM

MLS#

936638

Source:

OH DABR

About This Home

1608 Belvo Road #1602

Stabilized asset with significant upside through rent increases. 8.49% Pro Forma CAP. To be sold together with adjacent identical 4-unit building at 1616 Belvo Rd. (Part of a two building investment portfolio. Each building is listed for $430k. Portfolio Sale $860k). Seller will not sell individually. Exceptional opportunity to acquire two 4-family apartment building in one of the most sought-after rental neighborhood in Miamisburg. Each building consists of 4-spacious 2-bedroom, 1.5-bath townhome-style units, approx 1,000 SF each. Highly functional layouts feature private entrances, in-unit laundry, & two-story living with kitchen, living room, laundry & half bath on first floor, & 2 bedrooms & full bath upstairs. Plenty of updates include not limited to: Laminate flooring, concrete patios, exterior lights front and back, New ACs etc. This is a rare opportunity to acquire 8 units (2b buildings on two separate parcels), side by side, in a high-demand rental location. Investment Highlights: • Two 4 Unit buildings. Identical Layouts. Approx 1,000 SF per unit. • Pro Forma CAP Rate: 8.0% at Market Rents ($1,150/month/unit) • Current Rents Below Market | Strong Upside Potential • On-Site Parking: Parking Lots re-paved and asphalted in 2022. Prime Location & Strong Demand Drivers: • High-Demand Miamisburg Location • Proximity to Dayton Mall, Austin Landing, and I-75/I-675 Interchange • Less than a Mile from Miamisburg High & Middle Schools • Minutes to Dining, Retail, and Major Employment Centers Whether you're a seasoned investor looking to expand your multifamily portfolio or seeking a stable asset with value-add potential, this property checks all the boxes. With below-market rents and immediate upside, it offers strong cash flow in a resilient and growing rental submarket. Don’t miss this rare opportunity—schedule a tour today.

Home Facts

Multi-Family

8 Baths

8 Bedrooms

Built in 1987

Price Summary

430,000

$111 per Sq. Ft.

MLS #:

936638

Last Updated:

June 15, 2025, 05:50 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

4

Interior

Living Area:

3,840 Sq. Ft.


Structure

Structure

Building Area:

3,840 Sq. Ft.

Year Built:

1987


Lot

Lot Size (Sq. Ft):

17,424


Finances & Disclosures

Finances

Price:

$430,000

Price per Sq. Ft:

$111 per Sq. Ft.

Source:OH DABR
The information being provided by Dayton Area Board of Realtors is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Dayton Area Board of Realtors All rights reserved.

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