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$ 235,000
Est. payment /mo
New
623-625 W Funderburg Road Fairborn, OH 45324
4 Beds
3 Baths
1,872 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $125
MLS Listing ID 966686
Bedrooms 4
Full Baths 2
Half Baths 2
Year Built 1965
Annual Tax Amount $1,536
Lot Size 6,250 Sqft
Lot Dimensions irregular dimensions
Property Sub-Type 2-4 Units
Property Description
Investment opportunity at 623–625 W. Funderburg Road in Fairborn! Offered at $235,000, this side-by-side duplex provides approximately 1,872 total square feet, with two bedrooms and 1.5 baths in each unit.
Each two-story residence offers a living room, eat-in kitchen, first-floor half bath, two upstairs bedrooms, a full bathroom, and in-unit laundry hookups. The property currently generates $1,800 per month—$900 per side—with tenants responsible for all utilities.
Recent capital improvements include a roof replacement in 2019, updated flooring in 2020, and ductless mini-split air-conditioning systems installed in 2026. Additional features include baseboard heating and rear off-street parking.
Conveniently located approximately 1.5 miles from Wright State University, with quick access to Wright-Patterson Air Force Base, I-675, State Route 444, Downtown Fairborn, The Mall at Fairfield Commons, shopping, restaurants, parks, and other major employment and education centers.
At the $235,000 asking price, current rents produce approximately $21,600 in annual gross income and a 9.2% gross yield. Rents could easily reach $1,000 or more per unit, which would increase annual gross income to at least $24,000 and the gross yield to approximately 10.2%. Tenant-paid utilities, recent improvements, and potential rent growth make this a compelling opportunity for investors seeking a well-located Fairborn multifamily property.
Property information, measurements, future rental potential are subject to buyer verification.
Each two-story residence offers a living room, eat-in kitchen, first-floor half bath, two upstairs bedrooms, a full bathroom, and in-unit laundry hookups. The property currently generates $1,800 per month—$900 per side—with tenants responsible for all utilities.
Recent capital improvements include a roof replacement in 2019, updated flooring in 2020, and ductless mini-split air-conditioning systems installed in 2026. Additional features include baseboard heating and rear off-street parking.
Conveniently located approximately 1.5 miles from Wright State University, with quick access to Wright-Patterson Air Force Base, I-675, State Route 444, Downtown Fairborn, The Mall at Fairfield Commons, shopping, restaurants, parks, and other major employment and education centers.
At the $235,000 asking price, current rents produce approximately $21,600 in annual gross income and a 9.2% gross yield. Rents could easily reach $1,000 or more per unit, which would increase annual gross income to at least $24,000 and the gross yield to approximately 10.2%. Tenant-paid utilities, recent improvements, and potential rent growth make this a compelling opportunity for investors seeking a well-located Fairborn multifamily property.
Property information, measurements, future rental potential are subject to buyer verification.
Location
State OH
County Greene
Zoning Residential
Rooms
Basement Slab
Interior
Heating Baseboard
Cooling Other
Exterior
Parking Features None
Building
Structure Type Brick,Vinyl
Schools
School District Fairborn
Listed by BHHS Professional Realty