488 N Jay Street, West Milton, OH 45383
$425,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
12,632
Status:
Active
Current Price:
$425,000
List Date:
6/18/2025
Last Modified:
10/23/2025
Overview
Description
This low-maintenance, income-generating 4-unit building features four spacious 2-bedroom apartments, each with in-unit washer/dryer hookups. Currently fully occupied with mostly long-term tenants, the property brings in $3,500/month gross in total rental income. Tenants are responsible for all utilities except trash.
Recent upgrades include three brand-new electric panels and full electrical updates brought to code as of April 2023. One Fully Renovated unit in 2025. The building also had a recent a full roof tear-off and replacement, along with newer gutters installed on the rear side. A new concrete parking pad was poured in 2022.
Additional improvements over time include updated windows, sliding glass doors, and blown-in attic insulation for improved energy efficiency. Property is being sold in as-is condition—an excellent opportunity for investors looking to add a solid asset to their portfolio.
Listing Details MLS# 225022141
Location Property Info
- Original List Price
- 445000
- Property Sub Type
- Townhouse
- Street #
- 488
- Street PreDirection
- N
- Street Name
- Jay
- Street Suffix
- Street
- County
- Miami
- State
- OH
- Zip Code
- 45383
- School District
- MILTON UNION EVSD 5505 MIA CO.
- Township
- Union
OfficeContract Info
- MLS Entry Date
- 2025-06-18
General Property Info
- Number of Units
- 4
- Building Sqft
- 1854
- Year Built
- 1963
- Built Prior to 1978
- Yes
- Acreage
- 0.29
Tax Info
- Parcel #
- L39011630
- Tax Year
- 2024
- Tax Abatement
- No
- Taxes (Yrly)
- 1385
2 Bedroom
- 2 Bedroom # of Units
- 4
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 229.23
- City (Mailing Addr)
- West Milton
- Corp LimitPerAuditor
- Union
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- This low-maintenance, income-generating 4-unit building features four spacious 2-bedroom apartments, each with in-unit washer/dryer hookups. Currently fully occupied with mostly long-term tenants, the property brings in $3,500/month gross in total rental income. Tenants are responsible for all utilities except trash. Recent upgrades include three brand-new electric panels and full electrical updates brought to code as of April 2023. One Fully Renovated unit in 2025. The building also had a recent a full roof tear-off and replacement, along with newer gutters installed on the rear side. A new concrete parking pad was poured in 2022. Additional improvements over time include updated windows, sliding glass doors, and blown-in attic insulation for improved energy efficiency. Property is being sold in as-is condition—an excellent opportunity for investors looking to add a solid asset to their portfolio.
Income/Expenses
- Gross Income
- 42000
- Net Operating Income
- 36060
- Total Expenses
- 5940
Addl Acceptance Cond
- None Known
- Yes
Construction
- Block
- Yes
- Brick
- Yes
- Vinyl Siding
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- 1 Off Street
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Trash
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
1 Off Street
Owner Pays:
Trash
Tenant Pays:
Electricity; Gas; Sewer; Water
Heat Fuel:
Gas
Heating:
Forced Air
Air Conditioning:
Central Air
Construction:
Block; Brick; Vinyl Siding
Water Source:
Public
Sewer:
Public Sewer
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
New Financing:
Conventional
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Roby Realty
Listing Agent:
Andrew C Wade
Last Updated: October - 23 - 2025
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