$1,600,000

5215 Secor Rd Toledo, OH 43623

Franklin Park Neighborhood

Estimated payment $10,050/month

Total Views 6,183
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1.07 Acre Lot
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

Terrific investment opportunity! This 22-unit apartment complex is located on highly visible Secor Rd., offering convenient access to shopping, dining, The University of Toledo and major highways. The property features a mix of 2 bedroom, 1 bathroom units. The exteriors are all brick, with newer roofs and vinyl replacement windows. This building also features a laundry room available for the tenants use and ample off street parking. HVAC in units 1-15 only.

Listing Agent

Betsy Kelsey

RE/MAX Preferred Associates License #2018005369 Listed on: 09/13/2025

RE/MAX Preferred Associates

Co-Listing Agent

Mike Welch

RE/MAX Preferred Associates License #0000349420

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 1.07 Acre Lot
  • Lot Dimensions are 101 x 466

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding
  • Steel Siding

Interior Spaces

  • 2-Story Property
  • Carpet

Parking

  • 33 Parking Spaces
  • Driveway
  • Parking Lot

Schools

  • Whitmer High School

Utilities

  • No Cooling
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Water Heater

Listing and Financial Details

  • The owner pays for sewer, trash collection, water, insurance, snow removal, taxes, lawn care
  • Assessor Parcel Number 23-36221

Community Details

Overview

  • 4 Buildings
  • 22 Units

Building Details

  • 16 Leased Units
  • Operating Expense $95,487
  • Net Operating Income $108,579

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1965
  • Lot Size Acres: 1.07
  • Lot Size: 101 x 466
  • Co List Office Mls Id: PREF
  • Co List Office Phone: 419-720-5600
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet
  • Number Of Buildings: 4
  • Owner Pays: Sewer, Trash Collection, Water, Insurance, Snow Removal, Taxes, Lawn Care
  • Basement YN: No
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Aluminum Siding, Brick, Steel Siding
  • Foundation Details: Crawl Space

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway, Parking Lot
  • Total Parking Spaces: 33.0

Utilities

  • Heating: Electric, Forced Air, Natural Gas, Radiant
  • Sewer: Sanitary Sewer
  • Appliances: Refrigerator, Water Heater
  • Cooling: Central Air, None
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Washington Local
  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 46609.0
  • Parcel #: 23-36221

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Net Operating Income: 108579.0
  • Number Of Units Total: 22
  • Number Of Units Leased: 16
  • Annual Operating Expense: 95487.0
  • Total Actual Rent: 17985.0

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Other
  • HighSchool: Whitmer

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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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
09/24/2025 09/24/25 For Sale $1,600,000 -- --
Source: Northwest Ohio Real Estate Information Service (NORIS)

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6135651

Northwest Ohio Real Estate Information Service (NORIS)
Ohio Lucas County Toledo 43623 Franklin Park

5215 Secor Rd, Toledo, OH

For Sale

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Betsy Kelsey
Listing Agent
Betsy Kelsey
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RE/MAX Preferred Associates
(419) 574-4899