SOLD FEB 9, 2026

Off market feb 2026 for $490K

—

•

5,332

sq ft

4840 Springfield St, Riverside, OH 45431

About this home

INVESTMENT HIGHLIGHTS * Turnkey Investment Opportunity * Outstanding Rental Market (Workforce, University, Military) * Recent Renovations EXECUTIVE SUMMARY Cash Flowing | Turnkey 8-Unit Multifamily Investment Opportunity Property Overview Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades. Interior & Exterior 7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units Financial Snapshot One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $66,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P & L available upon request- Upside potential in rents & final renovation Location Advantages Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing Investment Summary 4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation.

Multi-familyProperty Type

1971Year Built

0.25 acresLot Size

$92Price/Sq.Ft.

Listed by Gregg Russell • Coldwell Banker Heritage

•513-649-0710 (agent)

•Gregg.russell@cbcommercial-heritage.com (agent)

•937-439-4500 (broker)

•jeff.spring@cbishome.com (broker)

Listed by Paul Howe • Coldwell Banker Heritage

•937-439-4500 (broker)

•jeff.spring@cbishome.com (broker)

Contact: (937) 439-4500

Bought with Michael Helton • Coldwell Banker Heritage

•937-478-2703 (agent)

•Michael.helton@cbishome.com (agent)

•937-890-2200 (broker)

•movingwithsteve@gmail.com (broker)

Redfin checked: 2 minutes ago

•Source:Dayton MLS #944618

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 45431, OH

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

0.1% MoM

Median sale price

$310K

$23K MoM

Avg. days on market

35d

6 days MoM

Recently sold homes

1 MoM

New listings for sale

$340,000
3 beds2.5 baths2,460 sq ft
2639 Royal Gtwy, Dayton, OH 45431
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3D WALKTHROUGH
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3 beds1 bath1,853 sq ft
4339 Merrydale Ave, Dayton, OH 45431
(937) 530-4904
3D WALKTHROUGH
$439,900
2 beds2 baths2,131 sq ft
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(937) 426-0800
$220,000
2 beds2 baths1,132 sq ft
2803 Austin Pl, Dayton, OH 45431
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$229,900
3 beds1 bath1,134 sq ft
3869 Kemp Rd, Beavercreek, OH 45431
(937) 884-1283
$269,900
3 beds2 baths1,878 sq ft
3046 Elmbrook Way, Beavercreek, OH 45431
(937) 439-4500
3D WALKTHROUGH
$205,000
2 beds2 baths1,460 sq ft
2630 Netherland Dr #104, Dayton, OH 45431
(937) 506-8360
$399,900
3 beds2.5 baths2,112 sq ft
2764 Laurelwood Ct, Beavercreek, OH 45431
(937) 439-4500
3D WALKTHROUGH
$359,900
4 beds2.5 baths2,292 sq ft
2786 Kemp Rd, Beavercreek, OH 45431
(866) 212-4991
$185,000
3 beds2 baths1,568 sq ft
2630 Netherland Dr #311, Dayton, OH 45431
(937) 434-7600
See all

Provided by Redfin

Sale history for 4840 Springfield St

Date

Event

Price

Dayton MLS #944618

Feb 9, 2026

Sold

$490,000

$92/sq ft

Nov 24, 2025

Pending

—

Nov 14, 2025

Price Changed

$495,000

$93/sq ft

Nov 14, 2025

Relisted

—

Oct 24, 2025

Pending

—

Sep 26, 2025

Listed

$515,000

$97/sq ft

Dayton MLS #895940

Nov 9, 2023

Sold

$460,000

$86/sq ft

Nov 9, 2023

Sold

$460,000

$86/sq ft

Sep 26, 2023

Listed

$460,000

$86/sq ft

Perfect Turnkey 8 unit multifamily building located within a mile of the Wright Patterson Air Force Museum. Property consists of 7 one bed one bath units and 1 two bed one bath units. The one bedroom units are now renting at $650 and the two bedroom market rate would be $750. Average monthly collected rent is $4,955. Six of the 8 units have been fully renovated with new LVP flooring, cabinets, countertops and fresh paint. All units also come with dishwashers and there is coin laundry in the common area closet. Rent Roll and 12 month trailing P & L are attached.

Public Records

Aug 14, 2003

Sold

$375,000

$70/sq ft

Public Records

Dec 28, 1984

Sold

$565,000

$106/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$6,116 (+2.8%)

$18,480 + $50,060

$68,540

2024

$5,946 (+2.6%)

$18,480 + $50,060

$68,540

2023

$5,793 (+20.0%)

$18,480 + $50,060

$68,540

2022

$4,829 (−2.1%)

$14,000 + $37,930

$51,930

2021

$4,930 (−0.5%)

$14,000 + $37,930

$51,930

2020

$4,954 (−7.9%)

$14,000 + $37,930

$51,930

2019

$5,379 (−0.4%)

$14,000 + $41,160

$55,160

2018

$5,398 (−0.1%)

$14,000 + $41,160

$55,160

2017

$5,405 (+0.5%)

$14,000 + $41,160

$55,160

2016

$5,381 (+2.0%)

$14,000 + $41,160

$55,160

2014

$5,277

$14,000 + $41,157

$55,157

Tax history for 4840 Springfield St

Year

Property tax

Land + Additions

Assessment*

2025

$6,116 (+2.8%)

$18,480 + $50,060

$68,540

2024

$5,946 (+2.6%)

$18,480 + $50,060

$68,540

2023

$5,793 (+20.0%)

$18,480 + $50,060

$68,540

2022

$4,829 (−2.1%)

$14,000 + $37,930

$51,930

2021

$4,930 (−0.5%)

$14,000 + $37,930

$51,930

2020

$4,954 (−7.9%)

$14,000 + $37,930

$51,930

2019

$5,379 (−0.4%)

$14,000 + $41,160

$55,160

2018

$5,398 (−0.1%)

$14,000 + $41,160

$55,160

2017

$5,405 (+0.5%)

$14,000 + $41,160

$55,160

2016

$5,381 (+2.0%)

$14,000 + $41,160

$55,160

2014

$5,277

$14,000 + $41,157

$55,157

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

0.25 Acres

Year renovated

—

Sq. Ft.

5,332

Year built

1971

Style

Multi-Family (5+ Unit)

County

Montgomery County

APN

I39 00109 0007

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 19, 2026.

Property details

Parking

Parking
Features: No Garage

Interior

Bathroom Information
# of Full Bathrooms: 8

Multi Unit Information
Unit Types: One Bedroom, Two Bedroom
# Of Units Total: 8
# Of Buildings: 1

Multi Unit Financial Information
Gross Income: $66,000

Exterior

Building Information
Stories (Total): 2
Construction Details: Brick

Lot Information
Lot Size Area: 10,890
Lot Size Acres: 0.9
Lot Size Dimensions: .9 acre
Lot Size Source: Assessor
Zoning: Multiple
Zoning Description: Multiple

Property Information
Foundation Details: Slab

Financial

Lease Information
Sale Or Lease Indicator: For Sale

Utilities

Heating & Cooling
Has Cooling
Cooling: Wall Unit(s)
Has Heating
Heating: Baseboard

Public facts

Beds: —
Baths: 2.0
Sq. Ft.: 5,332
Stories: —
Lot Size: 0.25 acres
Style: Multi-Family (5+ Unit)
Year Built: 1971
Year Renovated: —
County: Montgomery County
APN: I39 00109 0007

Home facts updated by county records on Sep 18, 2026

Around this home

Schools

Virginia Stevenson Elementary School

Public K-4 • Assigned • 0.4mi

5/10

Mad River Middle School

Public 5-9 • Assigned • 0.9mi

5/10

Stebbins High School

Public 9-12 • Assigned • 1.1mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 102° expected this year, 18 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Riverside, OH • 45431

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 3.1 hours in December, placing it below the U.S. average for solar exposure.

9.5 hrs

3.1 hrs

JuneDecember

Provided by Shadowmap

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Home values near 4840 Springfield St

Data from public records.

Address	Redfin Estimate
4880 Springfield St, Riverside, OH - Beds \| 2 Baths \| 5280 Sq. Ft.	—
4836 Northcliff Dr, Dayton, OH 5 Beds \| 3 Baths \| 2754 Sq. Ft.	$231,163

Address	Redfin Estimate
4860 Springfield St, Riverside, OH - Beds \| 2 Baths \| 5280 Sq. Ft.	—
4834 Northcliff Dr, Dayton, OH 3 Beds \| 1 Baths \| 864 Sq. Ft.	$115,864

Address	Redfin Estimate
4842 Northcliff Dr, Dayton, OH 3 Beds \| 2 Baths \| 1624 Sq. Ft.	$156,445
4857 Northcliff Dr, Dayton, OH - Beds \| 1 Baths \| 4940 Sq. Ft.	—

Property information provided by Dayton MLS when last listed in 2025. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 45431, OH

Sale history for 4840 Springfield St

Tax history for 4840 Springfield St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 45431

Home values near 4840 Springfield St

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