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$3,550,000 Sold

1631 Jackson Lane, Middletown, OH 45044

28,032 sqft
Residential Income
Built in 1981
66 days on market
MLS# 1877557
$127/sqft

About this home

Well-maintained 48-unit multifamily community in Middletown, Ohio, featuring 48 spacious one-bedroom, one-bath apartments, each with a living room, dining area, and kitchen. This income-producing asset offers desirable tenant amenities, including an on-site leasing office, laundry facility, and dog park. Recent capital improvements include a new roof installed in 2022 and all new electrical service completed in 2023. Select units have also been updated with new hot water heaters, flooring, countertops, and other interior finishes. Rents continue to trend upward as units turn over, providing a clear path for continued revenue growth. The property also benefits from an on-site maintenance employee, with those expenses already incorporated into the current NOI. Located between Dayton and Cincinnati, this property presents an excellent investment opportunity with stable cash flow and additional upside potential through continued unit upgrades and operational efficiencies.

Facts & features

Interior

Square Feet
28,032

Property

Property Type
Residential Income
Year Built
1981

Listing details

Price
$3,550,000
Status
Sold
Days on Market
66
MLS Number
1877557
Listing Agent
Amy Hamilton
Brokerage
Keller Williams Community Part

Features

Style
Apartment
Heating
Electric
Cooling
Wall Unit
Roof
Shingle
Sewer
Public Sewer
Water
Public

Location

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