This North Riverdale property at 48 East Parkwood Avenue is a traditional, early 20th-century single-family home offering 1,272 square feet of living space on a 4,199-square-foot lot. Built in 1925, the house sits 0.2 miles from North Main Street and places local retail, dining, and neighborhood services within a short walk or drive. The site includes a level lot with 35 feet of frontage and a 360-square-foot detached two-car garage accessed from East Parkwood Avenue.
The house is documented as a two-story frame structure with central heating and cooling, an unfinished basement, and an asphalt shingle roof. Interior configuration lists three bedrooms and one bathroom, and a fireplace is noted among the improvements. The property condition is recorded as poor, with smoke damage on the second level that requires renovation. County records and ownership signals indicate the property is vacant and the owner mailing address differs from the property address, which supports the need for a full inspection before any transaction or renovation plan is finalized.
Recent comparable sales in North Riverdale and an internal sales-comparison valuation produce an estimated market range of $25,000 to $35,000 with a midpoint estimate of $30,000. The site's assessed total value is $21,970 for 2025. Lease comparables and a rental estimate suggest an estimated monthly rent of $800 (rent_per_sf 0.63) and a rental_yield_gross of 0.032; those figures are based on nearby 3-bedroom rental activity and should be validated with a market rent study. Historical sale history shows prior sales in 2011 and 2006, and neighborhood trends report 10% appreciation in median home values from 2020–2025 and a local median sale price of $105,000.
Given documented smoke damage and a recorded condition of poor, this property is presented in the research as a renovation-focused opportunity rather than a move-in-ready home. Recommended next steps include a professional home inspection, a roof assessment, and a contractor estimate to scope repairs related to fire and structural impacts. Buyers and investors should also verify zoning allowances under the City of Dayton ER-4 zoning code and confirm school and neighborhood considerations as part of due diligence. The property's proximity to Good Samaritan Hospital, Dayton Art Institute, and Riverscape MetroPark adds contextual value for future occupancy or resale strategies.