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Stabilized 4-unit opportunity in Toledo's historic district with strong returns and upside. This property features four spacious 1 bed / 1 bath units, each offering approximately 1,150 sq ft"”much larger than typical units in the area. Currently 3 of 4 units are rented, with full occupancy projected at $2,910/month ($34,920/year), delivering a 12+ cap rate. One unit is a long term section 8 tenant at $813. Each unit includes hardwood floors, appliances, and impressive 9.5' ceilings that enhance the character and livability. The vacant unit has just been renovated and is ready for a tenant. Shared basement provides additional storage for tenant convenience. Located just minutes from downtown Toledo, the Toledo Museum of Art, and major interstate access, this property sits in a high-demand rental corridor known for its historic charm and large unit sizes. Whether you're looking to add cash flow to your portfolio or move in the final unit for immediate upside, this is a solid investment in a proven rental market.
| DAYS ON MARKET | 13 | LAST UPDATED | 4/14/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1897 |
| GARAGE SPACES | 4.0 | COUNTY | Lucas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Rosa Parks |
|---|---|
| Jr. High School | None |
| High School | Scott |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Electric Range, Refrigerator |
| BASEMENT | Block, Full, Unfinished, Yes |
| CONSTRUCTION | Brick, Wood Siding |
| GARAGE | Yes |
| HEAT | Electric |
| INTERIOR | Other |
| LOT | 8202 sq ft |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 50x164 |
| PARKING | Concrete, Driveway, Detached, Garage |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | None |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with W & R Property Management
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than AmeriMade Realty, LLC are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Listing information is deemed reliable, but not guaranteed.
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Data last updated: 4/15/26 2:45 AM PDT
This IDX solution is (c) Diverse Solutions 2026.