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1631 Jackson Lane, Middletown, OH 45044

$3,550,000
28,032
SqFt
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Sold Price
$3,550,000
List Price
$3,750,000
Status
SOLD
MLS#
1877557
Closing Date
Sep 17, 2026
Levels
Three
Region
Butler-W19
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(513) 800-9299

Property Description

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.

(513) 800-9299
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Additional Information

Construction
Brick
Roof
Shingle
Basement Desc
None
Garage Desc
None
Cooling
Wall Unit
Heating
Electric
Sewer
Public Sewer
Water
Public
School District
Middletown City SD
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Courtesy of Amy Hamilton with Keller Williams Community Part

Courtesy of Amy Hamilton with Keller Williams Community Part

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