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Property view

490 N Jay Street, 
West Milton, OH 45383

$400,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Andrew C Wade

Roby Realty

614-791-0050

Last updated:

September 15, 2026, 03:08 PM

MLS#

225025857

Source:

OH CBR

About This Home

490 N Jay Street

490 N Jay is a fully occupied four-unit building offered together with the adjacent 488 N Jay as an eight-unit package. The buildings are being sold as one transaction and will not be divided. All four units are leased, producing $3,450 per month / $41,400 annually in gross scheduled rent. Combined with 488 N Jay, the package produces $85,800 annually with a net operating income of $73,920 on current actuals. Owner-paid expenses across both buildings total $11,880 and are limited to insurance, taxes, landscaping, lawn treatment, trash, and repairs. Tenants pay all utilities except trash, which is served by a shared dumpster covering both properties. Expense figures do not include vacancy, management, capital reserves, or debt service. Units here rent at $850 and $900. A comparable renovated unit at 488 N Jay leases at $1,100 per month, giving a buyer an in-package comparable for the renovated rent level rather than a market assumption. Leases across both buildings expire on a staggered basis between August and October 2026. Please do not disturb tenants. Showings by appointment with proper notice to residents. Full rent roll, leases, and expense documentation available to qualified buyers on request. Buyer and buyer's agent to verify all information, including income and expenses, square footage, zoning and permitted use, unit count, registration or licensing requirements, and property condition. Any reference to potential rent levels is illustrative only and is not a projection of future performance; rent adjustments are subject to existing lease terms, required notice, and applicable law. Information obtained from sources deemed reliable but not guaranteed by broker or seller.

Home Facts

Multi-Family

Built in 1963

Price Summary

400,000

MLS #:

225025857

Last Updated:

September 15, 2026, 03:08 PM

Added:

a year ago


Structure

Structure

Year Built:

1963


Lot

Lot Size (Sq. Ft):

16,552


Finances & Disclosures

Finances

Price:

$400,000

Source:OH CBR
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Coldwell Banker Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.