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1723-1731 McArthur Ave #8, Dayton, OH, 45417

19beds
9baths
5,440sqft
$705,000
$130price/sqft
$6,441/moest. monthly cost
$257,640/yrincome needed

About This Home

Discover a unique investment opportunity featuring both an 8-unit multifamily building and a separate 3-bedroom single-family home, all being operated under a stable long-term program lease in Dayton, Ohio. The property includes: An 8-unit apartment building consisting entirely of 2-bedroom units A separate 3-bedroom single-family home Total annual gross income of approximately $82,800 What makes this investment especially attractive is the operational structure already in place. The property is leased to a program operator under a 3-year lease, creating a simplified and highly predictable ownership experience. Key investment highlights include: No tenant turnover management Program pays all utilities Lawn care handled by the program General day-to-day maintenance handled by the program Reduced management burden for ownership Owner primarily responsible only for major capital or structural repairs This setup significantly minimizes the normal operational demands often associated with multifamily ownership while still providing strong and consistent cash flow. The property offers approximately 5,440 square feet of living space across the multifamily building, with a total of 19 bedrooms and 9 full bathrooms throughout the combined properties. Situated on a 0.21-acre lot, the property is located in a strong rental corridor with convenient access to employment centers, transportation routes, and local amenities. With stable income, long-term lease security, and reduced operating responsibilities, this property presents an excellent opportunity for investors seeking dependable cash flow and long-term portfolio growth. Showings will be provided to accepted offers only.

Getting Around

18
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

3/10
3/10
Wogaman Middle SchoolGrades 7-80.7 mi
2/10
Dunbar High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1965

Materials

  • Construction materials: Asbestos,Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range,Refrigerator

Basement

  • Basement: Other

Bedrooms & Bathrooms

  • Bedrooms: 19
  • Bathrooms: 9
  • Full bathrooms: 9

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 5,440
  • Total interior livable area: 5,440 sqft

Property

Details

  • Parcel number: R72168010168
  • Zoning: Residential,Commercial
  • Zoning description: Residential,Commercial

Lot

  • Lot size: 9,147 sqft
  • Lot size dimensions: 9148

Parking

  • Parking features: Driveway,No Garage,Private

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate

How This Home’s Risks Compare

Cold Wave

FEMA Declared Disasters Across Ohio Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,564$42,768
Home Insurance *$1,278$15,336
Property Taxes $1,016$12,192
Electricity $583$7,001
Total$6,441$77,292
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$220,834/yr
40% on housing$193,230/yr
45% on housing$171,760/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.2%
10.2%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$130This listing

vs Other Active Listings

Avg $/sqft

ZIP 45417$67
Montgomery County$107

vs Homes Sold Last Month

Median $/sqft

ZIP 45417$72
Montgomery County$137

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-03Price change$705,000
2026-06-09Listed for sale$715,000
2026-05-19Pending sale$715,000

For Sale by Agent

AgentCasey McGowan
BrokerageOne Tree Realty & Property Mgm

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