531 Broadway StToledo, OH 43604

For Sale
$275,000

4-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This 4-unit apartment building, located at 531 Broadway St in Toledo, Ohio, presents a compelling investment opportunity. Built in 1912 and extensively renovated in 2024, this Class C property boasts 6,420 square feet on a 0.344-acre lot (APN: 11-59609). Currently operating at 50% occupancy, the building features four units, each with three bedrooms, one bathroom, and two gated/covered parking spaces. Kitchen appliances include a range and refrigerator, with disposals in two units and separate hot water tanks. Heating is provided by a boiler/radiator system, while window units provide air conditioning. Washer/dryer hookups are available in the basement. The property is zoned for Neighborhood Commercial use and enjoys a prime location on a main thoroughfare, within a half-mile of the Anthony Wayne Trail and I-75 interchange, offering convenient access to restaurants, retail, entertainment, and major employers. This stabilized investment is priced at $275,000. The two-story building is situated in Lucas County, Ohio, zip code 43604.

Highlights

  • $275,000 asking price for a stabilized multifamily investment.
  • Four-unit apartment building in Toledo, OH, with 6,420 square feet.
  • 50% occupancy rate; each unit features three bedrooms and one bathroom.
  • Building features include two gated/covered parking spots per unit, ranges, refrigerators, and separate hot water tanks (disposals in two units).
  • Heating is boiler/radiator, cooling is window units; basement washer/dryer hookups.
  • Located on a main thoroughfare in Downtown Toledo, near restaurants, retailers, entertainment, and major employers; half-mile from Anthony Wayne Trail and I-75 interchange.

Property Details for 531 Broadway St

Property type
Multifamily properties, Apartment buildings
Square Feet
6,420 SF
Class
C
Year Built/Renovated
1912/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
14,985 SF
Units
4

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.638892847874
Longitude
-83.544907249294
531 Broadway St, Toledo, Ohio

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531 Broadway St
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