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Toledo Duplex Investment Opportunity
For Sale
$80,000

1525 Kelsey Avenue, Toledo, OH 43605

Duplex included in 82-unit portfolio for sale in Toledo.

Property Size2,028 SF
Lot Size0.08 Acres
Days on Market324

Property Features for 1525 Kelsey Avenue

General Information

Standard status Active
Size 2,028 SF
Lot size 0.08 Acres
Property subtype Duplex

Amenities

Forced Air
Natural Gas
Water Heater
Shingles

Building Details

Building Size 2,028 SF
Year Built 1916
Stories 2
Listing Agency: Rylan Realty Group Ltd
Listed By: Matt Strehl
Source: Kw
Added: Oct 3, 2025 Changed: Aug 21 Last Checked: Aug 21 at 2:16PM

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 Rylan Realty Group Ltd

Investment Insights

Based on property information with market context.

This duplex is offered as part of an 82-unit portfolio with an in-place capitalization rate of 8.0%, a pro forma capitalization rate of approximately 10.5%, and a net operating income of $541,000, with 95.1% occupancy. The portfolio is listed for $6.76 million. The 82-unit portfolio can also be acquired in one of five suggested sub-portfolios. The sub-portfolio including this property also contains 1371 Felt, 705 Nicholas, 1508 Albert, 2050 Berdan, 4139 Walker, 323 Champion, 1441 Prouty, 1531 Freedom, 220 E. Pearl, 270 Valleywood, 44 Greenwood (duplex), 3855 Revere (duplex), and 291-295 E. Broadway (triplex) for $1.22M.

Key Highlights

  • Part of a portfolio with a strong in‑place cap rate of 8.0% and a pro forma cap rate of approximately 10.5%.
  • Net Operating Income (NOI) of $541,000.
  • High occupancy rate of 95.1%.

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

366
Businesses Nearby

Demographics for 43605, OH

25,007
Population
11,985
Households
2.1
Avg Household Size
34
Median Age
9%
College-Educated
79%
High-School Grad
7.2 sq mi
ZIP Area
3,473
Density / Sq Mi
$36,389
Median Household Income
$27,210
Median Earnings
$847
Median Rent
$46,000
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?
Duplex - Duplex included in 82-unit portfolio for sale in Toledo.
Where is this duplex located?
The property is located at 1525 Kelsey Avenue Toledo, OH.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Part of a portfolio with a strong in‑place cap rate of 8.0% and a pro forma cap rate of approximately 10.5%.; Net Operating Income (NOI) of $541,000.; High occupancy rate of 95.1%.
More about this property
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