Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Heritage
Property view
Listing view 2
Listing view 3

4840 Springfield Street, 
Dayton, OH 45431

$515,000


9

Beds


8

Baths


5,332

Sq Ft


Multi-Family

Active

Listed by

Gregg Russell

Paul J Howe

Coldwell Banker Heritage

937-439-4500

Last updated:

October 8, 2025, 12:57 AM

MLS#

944618

Source:

OH DABR

About This Home

4840 Springfield Street

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.

Home Facts

Multi-Family

8 Baths

9 Bedrooms

Built in 1971

Price Summary

515,000

$96 per Sq. Ft.

MLS #:

944618

Last Updated:

October 8, 2025, 12:57 AM

Added:

14 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

9

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8

Interior

Living Area:

5,332 Sq. Ft.


Structure

Structure

Building Area:

5,332 Sq. Ft.

Year Built:

1971


Lot

Lot Size (Sq. Ft):

39,204


Finances & Disclosures

Finances

Price:

$515,000

Price per Sq. Ft:

$96 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.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.