Excellent four-unit multifamily investment opportunity offering approximately 4,469 square feet of living space. This property features three 1-bedroom units and one 2-bedroom unit, each with separate electric meters to simplify utility management. The exterior offers low-maintenance vinyl siding, and the property includes a detached 2-car garage, providing additional tenant convenience and potential added rental value. Two of the 1-bedroom units are currently rented at $625 and $700 per month, creating immediate income. The remaining 1-bedroom and 2-bedroom units are vacant and have been freshly renovated, allowing a new owner to place tenants at market rent and increase overall cash flow. Units 1 and 3 feature cove ceilings that add architectural detail and character. A full basement provides ample storage space and convenient access to mechanicals. With nearly 4,500 square feet, this property offers generous unit sizes and strong rental appeal. Conveniently located near major roads, shopping, public transportation, and everyday amenities, making it attractive for tenant demand. This property presents a strong combination of current income and value-add potential. Ideal for investors looking to expand their portfolio with a well-sized multifamily asset offering immediate upside. Priced to sell and ready for its next owner.
Key Realty LTDBrokerage Phone: 419-279-8723License #2015003835Listed on: 02/21/2026
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$3,782
Year Built
Built in 1922
Lot Details
Corner Lot
Home Design
Flat Roof Shape
Vinyl Siding
Interior Spaces
5 Bedrooms
4,469 Sq Ft Home
2-Story Property
Carpet
Basement Fills Entire Space Under The House
Parking
2 Parking Spaces
Driveway
Parking Lot
Schools
Arlington Elementary School
None Middle School
Bowsher High School
Utilities
No Cooling
Radiant Heating System
Water Heater
Listing and Financial Details
The owner pays for electricity, gas, water
Assessor Parcel Number 16-33301
$158 per year additional tax assessments
Community Details
Overview
4 Units
Woodsdale Addn. Subdivision
Pet Policy
Pets allowed on a case-by-case basis
Building Details
2 Leased Units
2 Vacant Units
Gross Income $1,325
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$3,782
Year Built
Built in 1922
Lot Details
0 Sq Ft Lot
Listing Details
Property Type: Residential Income
Property Sub Type: Quadruplex
Year Built: 1922
Lot Size: 4,321
Subdivision Name: Woodsdale Addn.
Carport Y N: No
Garage Yn: No
Unit Levels: Two
New Construction: No
Structure Type: Quadruplex
Attribution Contact: 419-279-8723
Special Features: VirtualTour
Interior Features
Flooring: Carpet, Linoleum
Number Of Buildings: 1
Owner Pays: Electricity, Gas, Water
Has Basement: Full
Basement YN: Yes
Total Bedrooms: 5
Interior Amenities: Other
Living Area: 4469.0
Stories: 2
Exterior Features
Roof: Flat
Lot Features: Corner Lot
Pool Private: No
Waterfront: No
Disclosures: Property Disclosure, Lead Based Paint Disclosure
Home Warranty: No
Construction Type: Vinyl Siding
Foundation Details: Block
Garage/Parking
Attached Garage: No
Parking Features: Concrete, Driveway, Parking Lot
Total Parking Spaces: 2.0
Utilities
Heating: Electric, Radiant
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer: Sanitary Sewer
Appliances: Water Heater
Cooling: None
Laundry Features: In Basement
Cooling Y N: No
Heating Yn: Yes
Water Source: Public
Schools
Junior High Dist: Toledo
Middle Or Junior School: None
Lot Info
Additional Parcels: No
Parcel #: 16-33301
Rental Info
Tenant Pays: Electricity
Multi Family
Number Of Units Total: 4
Annual Gross Income: 1325.0
Number Of Units Leased: 2
Number Of Units Vacant: 2
Total Actual Rent: 1325.0
Income Includes: Rent Only
Tax Info
Tax Year: 2025
MLS Schools
Elementary School: Arlington
HighSchool: Bowsher
Map
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Land
Improvement
2025
--
$39,585
$2,030
$37,555
2024
$1,809
$39,585
$2,030
$37,555
2023
$3,782
$38,220
$1,960
$36,260
2022
$3,761
$38,220
$1,960
$36,260
2021
$3,832
$38,220
$1,960
$36,260
2020
$3,864
$36,435
$1,855
$34,580
2019
$4,340
$36,435
$1,855
$34,580
2018
$3,826
$36,435
$1,855
$34,580
2017
$3,951
$37,590
$1,925
$35,665
2016
$3,930
$107,400
$5,500
$101,900
2015
$3,873
$107,400
$5,500
$101,900
2014
$3,343
$37,600
$1,930
$35,670
2013
$3,343
$37,600
$1,930
$35,670
Source: Public Records
Property History
Date
Event
Price
List to Sale
Price per Sq Ft
Prior Sale
02/21/202602/21/26
For Sale
$129,900
+3.9%
$29 / Sq Ft
10/04/202410/04/24
Sold
$125,000
-3.8%
$28 / Sq Ft
View Prior Sale
10/04/202410/04/24
Pending
--
--
--
09/18/202409/18/24
For Sale
$130,000
+271.4%
$29 / Sq Ft
06/14/202406/14/24
Sold
$35,000
-30.0%
$8 / Sq Ft
View Prior Sale
06/05/202406/05/24
Pending
--
--
--
05/30/202405/30/24
Price Changed
$50,000
-28.5%
$11 / Sq Ft
05/02/202405/02/24
For Sale
$69,900
+66.4%
$16 / Sq Ft
01/28/202001/28/20
Sold
$42,000
-23.5%
$9 / Sq Ft
View Prior Sale
01/22/202001/22/20
Pending
--
--
--
01/21/202001/21/20
For Sale
$54,900
--
$12 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)
As a lifelong Northwest Ohio resident and licensed Realtor® since 2016, I specialize in helping homeowners sell their properties for top dollar while also guiding buyers and investors to find the right opportunities. I serve Lucas County and surrounding cities including Toledo, Sylvania,
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Justin SpannKey Realty LTD
Source: Northwest Ohio Real Estate Information Service (NORIS)
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