$299,900
UNDER CONTRACT

Estimated payment $1,881/month

Total Views 1,532
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

This well-maintained, all-brick 4-plex has been professionally managed and consistently attracts tenants thanks to its prime location and modern updates. The building features a balanced unit mix: two spacious 2-bedroom apartments, one 1-bedroom, and one studio—making it both versatile and easy to rent. Each unit has been tastefully remodeled with thoughtful updates that today's renters love. The property is electric and common gas, keeping expenses simple and predictable for the owner. Current rents are strong: Unit 1: $635/month Unit 2: $1,030/month Unit 3: $995/month. Unit 4: Vacant. With reliable income, excellent proximity to the University of Toledo, and quality improvements already in place, this property is a turn-key addition to any portfolio. Don't miss your chance to own a solid, cash-flowing asset in one of Toledo's most desirable rental corridors!

Listing Agent

Andrew Lee

LPG Realty License #2023007275 Listed on: 10/22/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Electric Range

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Old Orchard Elementary School
  • Start High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • 100 Amp Service

Listing and Financial Details

  • The owner pays for gas, sewer, trash collection, water, management, snow removal, lawn care
  • Assessor Parcel Number 02-37641

Community Details

Overview

  • 4 Units
  • Bancroft Hills Subdivision

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1938
  • Lot Size Acres: 0.13
  • Lot Size: 40 FF
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Bancroft Hills
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Structure Type: Quadruplex
  • Special Features: 4224

Interior Features

  • Flooring: Other
  • Number Of Buildings: 1
  • Owner Pays: Gas, Sewer, Trash Collection, Water, Management, Snow Removal, Lawn Care
  • Has Basement: Full
  • Basement YN: Yes
  • Interior Amenities: Storage
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Lot Features: Other
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Property Disclosure, Lead Based Paint Disclosure
  • Construction Type: Brick
  • Foundation Details: Block

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Off Street, Paved
  • Total Parking Spaces: 4.0

Utilities

  • Heating: Electric
  • Utilities: Electricity Available, Sewer Available
  • Sewer: Public Sewer
  • Appliances: Electric Range, Refrigerator
  • Cooling: Wall Unit(s)
  • Laundry Features: Common Area
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Toledo
  • Middle Or Junior School: None

Lot Info

  • Lot Size Sq Ft: 5600.0
  • Additional Parcels Description: 0237637, 0237643
  • Additional Parcels: Yes
  • Parcel #: 02-37641

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 3
  • Number Of Units Vacant: 1
  • Total Actual Rent: 2660.0

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Old Orchard
  • HighSchool: Start

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2025 10/22/25 For Sale $299,900 +71.4% --
09/16/2022 09/16/22 Sold $175,000 -7.4% $55 / Sq Ft View Prior Sale
06/01/2022 06/01/22 For Sale $189,000 -- $59 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 10000446

Northwest Ohio Real Estate Information Service (NORIS)