3247 Cherry St Toledo, OH 43608
Downtown Toledo NeighborhoodEstimated payment $1,155/month
About This Home
Immediate $2,850/mo cash flow (4/5 units occupied). 12%+ Cap Rate at asking. High-yield opportunity in a top 2026 growth market. This property is ready for a fresh set of hands to bring it back to its full potential! Schedule a showing today to see what this multi-family opportunity has to offer your investment portfolio!
Listing Agent
iLink Real Estate Company, LLC Brokerage Phone: 419-902-6311 License #2024000916 Listed on: 12/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,607
Year Built
- Built in 1924
Lot Details
- 5,526 Sq Ft Lot
- Corner Lot
Parking
- 7 Parking Spaces
Home Design
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 7 Bedrooms
- 5,526 Sq Ft Home
- 2-Story Property
- Basement
Schools
- Rosa Parks Elementary School
- None Middle School
- Scott High School
Utilities
- No Cooling
- Forced Air Heating System
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 03-24857
- $343 per year additional tax assessments
Community Details
Overview
- 5 Units
- Cottage Park Subdivision
Pet Policy
- Pets Allowed
Building Details
- 4 Leased Units
- 1 Vacant Unit
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2026 01/02/26 | Price Changed | $149,900 | -7.5% | $27 / Sq Ft |
| 12/06/2025 12/06/25 | For Sale | $162,000 | -- | $29 / Sq Ft |
Source: Northwest Ohio Real Estate Information Service (NORIS)
MLS Number: 10002096
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. ©2026 NORIS. All rights reserved.
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Ask me questions while you tour the home.