$149,900
$12K PRICE DROP

3247 Cherry St Toledo, OH 43608

Downtown Toledo Neighborhood

Estimated payment $1,162/month

Total Views 2,760
7 Beds
-- Bath
5,526 Sq Ft
$27 Price per Sq Ft

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

Brianna Huckaby

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,607

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1924
  • Lot Size Acres: 0.1269
  • Lot Size: 42 FF
  • Subdivision Name: Cottage Park
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Structure Type: Multi Family
  • Attribution Contact: 419-902-6311
  • Special Features: VirtualTour

Interior Features

  • Flooring: Other
  • Number Of Buildings: 1
  • Owner Pays: Water
  • Has Basement: Concrete
  • Basement YN: Yes
  • Total Bedrooms: 7
  • Interior Amenities: Other
  • Living Area: 5526.0
  • Stories: 2

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Total Parking Spaces: 7.0

Utilities

  • Heating: Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Sewer: Public Sewer
  • Appliances: Other
  • Cooling: None
  • Laundry Features: Other
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: Fuses
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 5526.0
  • Parcel #: 03-24857

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 5
  • Number Of Units Leased: 4
  • Number Of Units Vacant: 1

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Rosa Parks
  • HighSchool: Scott

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List 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
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)

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 10002096

Northwest Ohio Real Estate Information Service (NORIS)
Ohio Lucas County Toledo 43608 Downtown Toledo

3247 Cherry St, Toledo, OH

For Sale

MultiFamily

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Northwest Ohio Real Estate Information Service (NORIS) 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. ©2025 NORIS. All rights reserved.

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Brianna Huckaby
Listing Agent
Brianna Huckaby
Section Image
iLink Real Estate Company, LLC
(419) 820-9698