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Brick 5-Unit Apartment Building
For Sale
$240,000

1380 N Cove Boulevard, Toledo, OH 43606

Fully occupied multifamily property with varied unit layouts, basement laundry, and proximity to major employment and healthcare destinations.

Property Size8,211 SF
Price / SF$29.23
Days on Market57

Property Features for 1380 N Cove Boulevard

General Information

Standard status Active
Size 8,211 SF
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 4 x 2BR, 1 x studio
Multifamily Units 5

Additional Details

Highway Access Yes

Amenities

coin laundry

Building Details

Buildings 1
Construction brick
Listing Agency: Coldwell Banker Haynes
Listed By: Michael Beier
Source: Exprealty
Added: Jul 18 Changed: Sep 8 Last Checked: Sep 11 at 2:58PM

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 Coldwell Banker Haynes

Investment Insights

Based on property information with market context.

This 8,211-square-foot, all-brick apartment building contains five occupied units, including four two-bedroom apartments and one studio. Building systems include boiler heat and two recently installed tankless water heaters. A coin-operated laundry area is located in the basement, adding an on-site resident amenity. The roof is approximately 10 years old.

The property is near I-475, Toledo Hospital, and Willys Industrial Park, placing residents close to established transportation, healthcare, and employment centers. Its combination of unit diversity, existing occupancy, basement laundry, and durable masonry construction provides a clearly defined multifamily configuration.

Key Highlights

  • Five occupied units: four 2‑bedroom apartments and one studio
  • 8,211‑square‑foot all‑brick apartment building
  • Two new tankless hot water heaters

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair 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.

Lease Details

5
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

147
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully occupied multifamily property with varied unit layouts, basement laundry, and proximity to major employment and healthcare destinations.
Where is this apartment building located?
The property is located at 1380 N Cove Boulevard Toledo, OH.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Five occupied units: four 2‑bedroom apartments and one studio; 8,211‑square‑foot all‑brick apartment building; Two new tankless hot water heaters
More about this property
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