




559/561 Evergreen Ave, Dayton, OH, 45402
About This Home
INVESTOR ALERT — CASH-FLOWING DUPLEX WITH EVEN MORE UPSIDE! This well-maintained duplex is already generating $1,200/month with long-term tenants on month-to-month leases. Both units are rented at below-market rates ($600 each), offering immediate potential to increase rents to $750–$800/unit with light cosmetic updates. Additional highlights: 2024 roof replacement—major expense already handled Tenants pay for all electric, lowering operating costs Expandable layout: unfinished basement offers opportunity to add a 3rd unit or additional living space Flexible floor plan allows easy conversion back to a single-family home Great for first-time investors looking to own an income-producing property while learning real estate management on a small, manageable scale, with a solid 9.3% cap rate right from the start. Perfect for buy-and-hold investors or anyone looking to add stable, appreciating cash flow to their portfolio. Sold As-Is.
Getting Around
Schools
Construction
Condition
- Year built: 1929
Materials
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Partial
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Ceiling Fan(s),High Speed Internet
- Window features: Wood Frames
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Property
Details
- Parcel number: R72 12207 0005
- Zoning: Residential
- Zoning description: Residential
Features
- Patio & porch: Porch
- Exterior features: Porch
Lot
- Lot size: 3,560 sqft
- Lot size dimensions: 40 x 89
Parking
- Parking features: Driveway,No Garage
