Refine Search
Sort by
$550,000
8 Beds 4 Baths 962643 MLS Tushar Mehta
Rare Four-Unit Investment Opportunity in Highly Desirable Waynesville! 6.55% Current CAP • Approx. 8.80% Pro Forma CAP • Fully Occupied • New Roof (2026) • Tenants Pay All Utilities Rare opportunity to acquire a fully occupied four-unit apartment building in the highly desirable Waynesville rental market. Offering an approximate 6.55% current capitalization rate at the asking price, this property also presents exceptional upside through below-market rents. Current gross annual income is $47,640, while estimated market rents of approximately $1,250 per unit have the potential to increase annual gross income to approximately $60,000, resulting in an estimated 8.80% pro forma capitalization rate. Buyers should perform their own due diligence regarding projected rental income. Constructed in 1966, this solid all-brick building features four spacious 2-bedroom, 1-bath apartments, each approximately 750-800 square feet. A unique floor plan offers two apartments on the first floor and two on the second floor, with separate stairways on each side providing convenient access and enhanced tenant privacy. Major capital improvements include a brand-new roof installed in June 2026, significantly reducing future capital expenditure. Tenants pay all utilities, including electric, water, sewer and trash, while lawn care and snow removal are currently handled by a tenant, creating a truly low-maintenance investment with minimal owner responsibilities. Multifamily opportunities in Waynesville are extremely limited. This property offers immediate cash flow, durable brick construction, low operating expenses, and outstanding long-term appreciation potential in one of Warren County's most desirable rental markets.

670 High Street, Waynesville

Courtesy of Tushar Mehta and BHHS Professional Realty

$425,000
5 Beds 3 Baths 957919 MLS Janelle Sprandel
Welcome to 8080 Township Line Rd, a charming country retreat situated on 3.69 peaceful acres in Wayne Township. This spacious 5 bedroom, 3-full-bath home features a modern farmhouse kitchen with concrete countertops, a dedicated study, and a cozy hearth room with wood burning fireplace, formal living room and dining room, main floor laundry/mud room, and a basement cellar for storage. Enjoy outdoor living on the covered back porch overlooking the property's historic barn, original milking parlor, and a concrete pad ready for a future garage or workshop. With a perfect blend of rustic character and contemporary updates, this property offers privacy, functionality, and timeless appeal. Just a short drive to I-71, historic Waynesville shopping, and dining, and Caesar Creek State Park.

8080 Township Line Road, Waynesville

Courtesy of Janelle Sprandel and Comey & Shepherd REALTORS

$600,000
5 Beds 4 Baths 956381 MLS John M Bissman
Welcome to the historic John Evans Home, a beautifully preserved 1836 brick property in the heart of Waynesville. Offering nearly 3,000 sq ft, this 5 bedroom, 3 bath home blends timeless character with modern updates. Currently configured as a primary residence with four guest rooms, it is well suited for short-term vacation rentals, a bed & breakfast, or multi-generational living. Features include multiple fireplaces, spacious living areas, central air, updated electrical, and a commercial fire suppression system. The property also offers a large rear parking lot, a rare Main Street amenity. Located near shops, dining, the Little Miami Scenic Trail, and Caesar Creek State Park, with easy access to Cincinnati, Dayton, and Columbus. Furnishings available separately.

129 N Main Street, Waynesville

Courtesy of John M Bissman and Keller Williams Advisors Rlty

board logo

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of the Dayton Area Board of Realtors® MLS IDX Database. Real estate listings from the Dayton Area Board of Realtors® MLS IDX Database held by brokerage firms other than Elite Group - Coldwell Banker Heritage are marked with the IDX logo and are provided by the Dayton Area Board of Realtors® MLS IDX Database. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in. Copyright© 2026 Dayton Area Board of Realtors®