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8-Suite Apartment Building
For Sale
$875,000

4044 W Bancroft Street, Ottawa Hills, OH 43606

Residences offer private outdoor space, laundry hookups, controlled access, and elevator service to every floor.

Property Size16,352 SF
Days on Market109

Property Features for 4044 W Bancroft Street

General Information

Standard status Active
Size 16,352 SF
Property subtype Multifamily

Building Details

Building Size 16,352 SF
Year Built 1961
Listing Agency:
Listed By: Doug Wright, CCIM · License #OH #BRKA.2001001738
Source: Svn
Added: May 14 Changed: Aug 30 Last Checked: Aug 30 at 11:50AM

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 Doug Wright, CCIM

Investment Insights

Based on property information with market context.

Built in 1961, this apartment property contains eight suites with a consistent two-bedroom layout. Six suites have two bedrooms and two-and-a-half baths, while the remaining residences provide two bedrooms with either two baths or one bath. Each suite includes a balcony or walkout patio, and laundry hookups are available either within the suite or in the designated basement area. Basement storage is also provided for residents.

The building offers front and rear entrances, elevator service to all floors, interior mail delivery, and a controlled access system. Resident-designated covered parking spaces include remote door openers. The property is located on West Bancroft Street in Ottawa Hills, with access to Downtown Toledo, The University of Toledo, medical employment hubs, surrounding retail, and regional transportation corridors.

Key Highlights

  • Eight apartment suites with six two‑bedroom, two‑and‑a‑half‑bath layouts
  • Unit mix also includes one two‑bedroom, two‑bath suite and one two‑bedroom, one‑bath suite
  • Balcony or walkout patio provided for each suite

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop

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

102
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Residences offer private outdoor space, laundry hookups, controlled access, and elevator service to every floor.
Where is this apartment building located?
The property is located at 4044 W Bancroft Street Ottawa Hills, OH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Eight apartment suites with six two‑bedroom, two‑and‑a‑half‑bath layouts; Unit mix also includes one two‑bedroom, two‑bath suite and one two‑bedroom, one‑bath suite; Balcony or walkout patio provided for each suite
More about this property
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