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Angela Rose

angieroserealtor@gmail.com +1(419) 215-6034

Listed by Eric Puffenberger W & R Property Management

$169,900

Est. payment - /mo

4 Beds

4,665 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 4,665 sqft

Price per Sqft $36

MLS Listing ID 10005673

Bedrooms 4

Year Built 1897

Tax Year 2025

Lot Size 8,202 Sqft

Lot Dimensions 0.19

Property Sub-Type Quadruplex

Source Northwest Ohio Real Estate Information Service (NORIS)

Property Description

Stabilized 4-unit opportunity in Toledo's historic district with strong returns and upside. This property features four spacious 1 bed / 1 bath units, each offering approximately 1,150 sq ft—much larger than typical units in the area. Currently 3 of 4 units are rented, with full occupancy projected at $2,910/month ($34,920/year), delivering a 12+ cap rate. One unit is a long term section 8 tenant at $813. Each unit includes hardwood floors, appliances, and impressive 9.5' ceilings that enhance the character and livability. The vacant unit has just been renovated and is ready for a tenant. Shared basement provides additional storage for tenant convenience. Located just minutes from downtown Toledo, the Toledo Museum of Art, and major interstate access, this property sits in a high-demand rental corridor known for its historic charm and large unit sizes. Whether you're looking to add cash flow to your portfolio or move in the final unit for immediate upside, this is a solid investment in a proven rental market.

Location

State OH

County Lucas

Area 0.19

Rooms

Basement Block, Full, Unfinished

Dining Room No

Kitchen No

Interior

Interior Features Other

Heating Boiler, Electric

Cooling Window Unit(s)

Flooring Hardwood

Equipment Yes

Appliance Electric Oven

Laundry In Basement

Exterior

Parking Features Concrete, Detached Garage, Driveway

Garage Spaces 4.0

Garage Description 4.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Total Parking Spaces 4

Garage Yes

Building

Lot Description Level

Story 2

Foundation Block

Sewer Public Sewer

Level or Stories Two and One Half

Schools

Elementary Schools Rosa Parks

Middle Schools None

High Schools Scott

School District Toledo

Others

Tax ID 03-17214

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/toledo/10005673

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Angela Rose

+1(419) 215-6034

Broker | License ID: BRKP.2023002346

Broker License ID: BRKP.2023002346

338 Kenilworth AVE Toledo, OH 43610

Angela Rose

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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338 Kenilworth AVE