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28-Unit Apartment Building Auction
For Sale
Contact for pricing
Pending

1303 S Cove Blvd, Toledo, OH 43606

28-unit apartment building in desirable location near park and university.

Property Size14,877 SF
Days on Market178

Property Features for 1303 S Cove Blvd

General Information

Standard status Pending
Size 14,877 SF
Property subtype Multifamily
Zoning 10-RM36

Building Details

Year Built 1952
Buildings 1
Stories 2
Units 28
Listing Agency: Pamela Rose Auction
Listed By: Pamela Rose · License #BRKP.2024001978
Source: Crexi
Added: Feb 25 Changed: Aug 8 Last Checked: Jul 24 at 8:18AM

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 Pamela Rose Auction

Investment Insights

Based on property information with market context.

This 28-unit apartment building is available through an online auction. The property is situated in a highly desirable location directly across from a park and bike trail, offering recreational opportunities. Its location provides convenient access to The Toledo Hospital and the University of Toledo. A TARTA bus stop is located directly in front of the building, facilitating access to public transportation. The property features on-site laundry facilities. Many of the units have been updated. Currently, 22 units are leased. When fully occupied, the property offers a potential annual gross rent of $297,648. The auction is scheduled to end on Tuesday, March 31, 2026, at 12:00 pm. Open house events are scheduled for Tuesday, March 24, 2026, from 12:00 pm - 1:00 pm and Saturday, March 28, 2026, from 12:00 pm - 1:00 pm. The property encompasses a total size of 14877 square feet.

Key Highlights

  • Potential annual gross rent of $297,648 when fully occupied.
  • 28‑unit apartment building in a highly desirable location.
  • Located directly across from a park and bike trail.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby

Demographics for 43606, OH

25,671
Population
11,700
Households
2.2
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
3,949
Density / Sq Mi
$60,308
Median Household Income
$32,997
Median Earnings
$938
Median Rent
$165,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 28-unit apartment building in desirable location near park and university.
Where is this apartment building located?
The property is located at 1303 S Cove Blvd Toledo, OH.
What are key features of this property?
This property features: Potential annual gross rent of $297,648 when fully occupied.; 28‑unit apartment building in a highly desirable location.; Located directly across from a park and bike trail.
(419) 865-1224 Call to check price and availability
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