$225,000
PENDING

428 Platt St Toledo, OH 43605

East Toledo Neighborhood

Estimated payment $1,482/month

Total Views 5,224
-- Bed
-- Bath
4,808 Sq Ft
$47 Price per Sq Ft

Highlights

  • 4 Car Detached Garage
  • Forced Air Heating System
  • Rectangular Lot
  • Window Unit Cooling System

About This Home

Great investment opportunity! This solid all brick 4-family apartment building sits on a spacious double lot and features four - 2-bedroom, 1-bath units. Each unit is separately metered, with tenants paying their own gas and electric. Newer furnaces, hot water tanks, and updated electrical systems. With strong rental potential this property is a smart addition to any investor's portfolio. Monthly income $3,550.

Last Listed By

Bruce Smenner

The Danberry Co Brokerage Phone: (419) 277-7636 License #0000353617 Listed on: 04/21/2025

The Danberry Co

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,168 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 4,808 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Parking

  • 4 Car Detached Garage
  • Alley Access
  • Driveway
  • Parking Lot

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, sewer, taxes, trash collection, water
  • Assessor Parcel Number 17-03297

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Operating Expense $12,028
  • Net Operating Income $30,572

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1922
  • Lot Size Acres: 0.1416
  • Lot Size: 6,169
  • Inclusions: ,,
  • Subdivision Name: None
  • Unit Levels: Two
  • Structure Type: Apartment
  • Property Sub Type Additional: Multi Family
  • Attribution Contact: (419) 277-7636
  • Special Features: VirtualTour

Interior Features

  • Stories: 2
  • Number Of Buildings: 1
  • Owner Pays: Common Area Maintenance, Insurance, Sewer, Taxes, Trash Collection, Water
  • Has Basement: Full
  • Basement YN: Yes
  • Living Area: 4808.0
  • Stories: 2

Exterior Features

  • Roof: Flat
  • Lot Features: Rectangular Lot
  • Disclosures: Disclosure on File, Lead Based Paint Disclosure
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Basement

Garage/Parking

  • Parking Features: Alley Access, Asphalt, Driveway, Detached, Parking Lot
  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Sanitary
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Toledo

Lot Info

  • Parcel #: 17-03297

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Cable TV, Electricity, Gas, Heat

Multi Family

  • Net Operating Income: 30572.0
  • Number Of Units Total: 4
  • Number Of Units Leased: 4
  • Annual Operating Expense: 12028.0
  • Total Actual Rent: 3550.0

MLS Schools

  • Elementary School: Other
  • HighSchool: Other

Map

Range of Values:

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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 Change Sq Ft Price
06/02/2025 06/02/25 Pending -- -- --
04/21/2025 04/21/25 For Sale $225,000 -- $47 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6128873

Northwest Ohio Real Estate Information Service (NORIS)

Ohio Lucas County Toledo 43605 East Toledo

428 Platt St, Toledo, OH

This home is located at 428 Platt St, Toledo, OH 43605 and is currently priced at $225,000, approximately $46 per square foot. This property was built in 1922. 428 Platt St is a home located in Lucas County with nearby schools including Garfield Elementary School, Waite High School, and Toledo Preparatory Academy.

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.

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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Bruce Smenner
Listing Agent
Bruce Smenner
Section Image
The Danberry Co
(419) 548-8237