Skip to main content

Multifamily

Central Superior

200 Central Ave, Dayton, OH 45406

Listing Price: $1,900,000

Cap Rate
6.50%
Number of Units
42
GRM
5.65
Price/Unit
$45,238
Price/Gross SF
$108.75
Gross SF
17,472

Investment Overview

Marcus & Millichap is pleased to present Central Superior, a 42-unit multifamily investment opportunity located at 200 Central Avenue and 333 Superior Avenue in Dayton, Ohio. The property consists of two adjacent brick apartment buildings totaling approximately 17,472 rentable square feet and situated on a 0.46-acre site in the Grafton Hill submarket. With extensive recent capital expenditure, in-place income, and value-add opportunities through vacancy reduction, garage income, and implementation of bulk internet programs, Central Superior offers investors a performing asset with meaningful upside in a growing Dayton submarket. 

Investment Highlights

  • Extensive recent capital expenditure including roofs, windows, electrical and interior upgrades since 2021 reduces near-term capital needs and improves long-term durability.
  • Value-add opportunity through lease-up to market occupancy, rent growth on renovated units, and capturing garage parking income.
  • Located near Downtown Dayton and major employers including Kettering Health and the University of Dayton, supporting consistent renter demand.

Exclusively Listed By

Multifamily

Central Superior

Listing Price: $1,900,000

Cap Rate
6.50%
Number of Units
42
GRM
5.65
Price/Unit
$45,238
Price/Gross SF
$108.75
Gross SF
17,472

Investment Highlights

  • Extensive recent capital expenditure including roofs, windows, electrical and interior upgrades since 2021 reduces near-term capital needs and improves long-term durability.
  • Value-add opportunity through lease-up to market occupancy, rent growth on renovated units, and capturing garage parking income.
  • Located near Downtown Dayton and major employers including Kettering Health and the University of Dayton, supporting consistent renter demand.

Investment Overview

Marcus & Millichap is pleased to present Central Superior, a 42-unit multifamily investment opportunity located at 200 Central Avenue and 333 Superior Avenue in Dayton, Ohio. The property consists of two adjacent brick apartment buildings totaling approximately 17,472 rentable square feet and situated on a 0.46-acre site in the Grafton Hill submarket. With extensive recent capital expenditure, in-place income, and value-add opportunities through vacancy reduction, garage income, and implementation of bulk internet programs, Central Superior offers investors a performing asset with meaningful upside in a growing Dayton submarket. 

Exclusively Listed By

MM Texture Background
MM Textured Background Lower