For Sale
$419,900
1010 Hilltop Ln, Toledo, OH 43615
The two-unit property offers the option to live in one residence and lease the other.
Property Size2,798 SF
Price / SF$150.07
Days on Market31
Property Features for 1010 Hilltop Ln
General Information
Standard status
Active
Size
2,798 SF
Property subtype
Residential Income
Listing Agency:
Key Realty
Listed By:
James A. Byrd
(419) 467-3456
Source:
Exprealty
Added: Sep 21
Changed: Oct 21
Last Checked: Oct 21 at 2:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key Realty
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Investment Insights
Based on property information with market context.
This duplex presents an owner-occupant configuration, with the option to reside in one unit and rent the other. The property has a history of rental activity. Work is underway in one unit, including LED lighting, painting, and repairs, in preparation for a new resident. One unit is currently available for showing.
Key Highlights
- Two‑unit property with an owner‑occupant option
- One residence can be leased while the owner occupies the other
- LED lighting, paint, and repairs are underway in one unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,549
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,980
$511.0K
Cap Rate 7%
$364,986
$365.0K
Cap Rate 9%
$283,878
$283.9K
Market Conditions
NOI Build-Up for 2,798 SF
Gross rent
$37.9K $13.56/SF
− Vacancy
−$1.4K −$0.52/SF
EGI
$36.5K $13.04/SF
− OpEx
−$10.9K −$3.91/SF
NOI
$25.5K $9.13/SF
Area
Toledo, OH
Vacancy
3.80%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,980
Cap Rate 7%
$364,986
Cap Rate 9%
$283,878
Alternative Uses
Best Use
Multifamily LT 5
$365.0K
$319.4K – $425.8K
NOI $25,549 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$336.8K
$294.7K – $393.0K
NOI $23,578 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$465.7K
$407.5K – $543.3K
NOI $32,596 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
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Business Placement
Demographics for 43615, OH
39,449
Population
19,620
Households
2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
16.5 sq mi
ZIP Area
2,391
Density / Sq Mi
$58,466
Median Household Income
$38,196
Median Earnings
$1,014
Median Rent
$137,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property offers the option to live in one residence and lease the other.
Where is this duplex located?
The property is located at 1010 Hilltop Ln Toledo, OH.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two‑unit property with an owner‑occupant option; One residence can be leased while the owner occupies the other; LED lighting, paint, and repairs are underway in one unit
