Movoto Real Estate
Sold on 11/13/2023

401 Elder Dr, Fairborn, OH 45324

  • $948,716

    Last sold 11/13/2023 for $505K

  • 16

    bed

  • 8

    bath

  • 8,134

    Sqft ($62/Sqft)

Multi-family not for sale
Movoto is helping 16 homebuyers near you

About 401 Elder Dr

Property type Multi-family
Neighborhood
Year built 1965
HOA fee $0/month
Lot size 10,078 Sqft
Movoto estimate
Property description
Welcome to this exceptional multi-family apartment building located in Fairborn, Ohio! This brick property presents a golden investment opportunity, boasting 8 inviting 2-bedroom units, each sprawling across 900 square feet of well-designed living space. Updates include: Boiler System (2021) Water heaters (2022) Solid brick construction ensures durability and low maintenance costs for years to come. Each unit features 2 generously sized bedrooms, providing ample space for residents to create their perfect home. Accepting Backup Offers Each unit provides either a patio or balcony. Ample parking space ensures convenient access for residents and their guests. A secured entrance allows residents to enjoy peace of mind and a sense of community. Coin laundry conveys with sale and are not leased--additional income for the owner! Updates to several of the units, plus the updated boiler system and water heaters make this an easy building to self manage as well! Situated in the heart of Fairborn, residents will have easy access to a plethora of local amenities, including shopping centers, restaurants, parks, and schools. The nearby Wright-Patterson Air Force Base adds to the property's appeal, making it a highly attractive choice for military personnel.
Listed by
Listing Agent - Patricia Reynolds
Listing Agent Contact: (937) 949-0006
Listing Office - Glasshouse Realty Group
Source: DABR MLS mls logo
MLS#891147 • last updated 2 years ago
Movoto checked DABR MLS for data 15 minutes ago
Overview
Cooling/AC Wall Unit(s)
Heating Baseboard
Property Type Residential Income
SubType Multi Family
MLS # 891147
Status Closed
SqFt 8134
Lot Size (Sqft) 10078
Lot Size (Acres) 0.2314
Parcel Number A02000100020003300
Interior
Total # of Bathrooms 8
# of Full Baths 8
Total # of Bedrooms 16
Basement Full
Exterior
Construction Brick
Parking No Garage, Parking Lot
Exterior Features Balcony, Patio
Patio/Porch Balcony, Patio
Location
Elementary School District Fairborn
High School District Fairborn
Middle School District Fairborn
Zoning Residential
Multifamily Details
Total # of Buildings 1
Total # of Units 8
Net Operating Income 73235
Gross Income 73235
$948K
Range: $853K-$1.04M
Last 30 days 
  • Nov 2023
    Public Records
  • Nov 27, 2023 Sold
    $505,000
  • Nov 2023
    mls logo MLS # 891147
  • Nov 16, 2023 Sold
    $505,000 (-3.8%)
  • Oct 9, 2023 Pending
  • Aug 11, 2023 Pending
  • Aug 9, 2023 Listed
    $525,000 (+110.0%)
  • Apr 2015
    Public Records
  • Apr 9, 2015 Sold
    $250,000 (-9.1%)
  • Dec 2014
    mls logo MLS # 596435
  • Dec 31, 2014 Expired
  • Oct 21, 2014 Listed
    $275,000 (-8.3%)
  • Feb 2013
    mls logo MLS # 520132
  • Feb 28, 2013 Expired
  • Feb 8, 2012 Listed
    $299,900 (+2.4%)
  • Sep 2006
    Public Records
  • Sep 22, 2006 Sold
    $293,000
  • 401 Elder Dr
    $505K
  • Fairfield Crossing
  • 45324
    $254K -12% y/y
  • Fairborn
    $250K -13% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
N/A
4/10
6/10
5/10
Source: GreatSchools.org © 2026. All rights reserved.

Around Fairfield Crossing

Explore everything this neighborhood has to offer.
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Fairborn, OH

Nearby homes for sale in Fairborn, OH

Newest listings in 45324

  • Real Estate
  • OH
  • Greene County
  • Fairborn
  • 45324
  • 401 Elder Dr
Meet with a real estate agent today (844) 430-0869
The multiple listing information is provided by Dayton Area Board of REALTORS®, Inc.. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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 purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
The data relating to real estate for sale on this web site comes in part from the Dayton Area Board of REALTORS®, Inc. Real estate listings held by brokerage firms other than Movoto are marked with the IDX logo and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.

Copyright 2026 Dayton Area Board of REALTORS®, Inc.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.